Entrepreneur Fund grant funding provided, and money appropriated.

HF 1506 appropriates $1,000,000 from the general fund for a one-time grant to the Entrepreneur Fund in fiscal year 2026. This funding will capitalize the Entrepreneur Fund's revolving loan program to address unmet financing needs for for-profit business startups, expansions, and ownership transitions in northeast Minnesota. The bill directly affects small businesses in that region that struggle to secure traditional financing. The key mechanism is using the $1 million grant to expand the Fund's existing loan program, which repays and reuses funds for future business support.