Isuroon microbusiness support funding provided, and money appropriated.

HF 2719 appropriates $4 million from the general fund for fiscal year 2026 to Isuroon, a Minnesota economic development organization, to support microbusinesses. The funds will provide loans, grants, technical assistance, and a business incubator program specifically targeting entrepreneurs in underserved communities. Priority is required for businesses owned by women, immigrants, and people of color. Isuroon must report by January 2027 on the number of loans/grants distributed, recipient demographics, and outcomes like job creation and revenue growth. The program becomes effective July 1, 2025.