Ignite Businesswomen Investment Group Foundation grants funding provided, and money appropriated.

This bill allocates $1.65 million in state funding to the Ignite Businesswomen Investment Group Foundation to support women entrepreneurs in Minnesota. The funds will be distributed in fiscal year 2027 through grants and low-interest loans, with a focus on women in underserved and economically disadvantaged communities. One portion of the money establishes a dedicated fund for working capital and business development, while the other provides training and resources like business planning, financial literacy, and technology support. The appropriation is designated as a one-time funding measure and will be managed by the commissioner of employment and economic development.