African Economic Development Solutions appropriation

This bill appropriates $2 million for fiscal year 2026 to support African immigrant entrepreneurs in Minnesota. Specifically, $1 million creates a loan fund to address economic inequities by financing business ventures, and $1 million provides business technical assistance services. The funding is one-time and expires June 30, 2028. It directly affects African immigrant entrepreneurs seeking financial support and business guidance. The bill establishes concrete funding mechanisms without altering existing laws or regulations.