Isuroon microbusinesses support through loans, grants, technical assistance, and a business incubator program appropriation

SF 2828 appropriates $4 million to Isuroon for a program supporting microbusinesses in underserved Minnesota communities. It provides loans, grants for start-up costs, business training, and a shared-resource incubator program, with priority given to businesses owned by women, immigrants, and people of color. The program requires Isuroon to report annually on loan/grant distribution, recipient demographics, and business outcomes like job creation by January 2027. This funding directly affects small, locally owned businesses seeking capital and support to grow.