Money transferred for emerging entrepreneur loan program.

This bill directs $2 million from the state's general fund to the Emerging Entrepreneur Loan Program for fiscal year 2027, providing additional funding to support loans for new business owners in Minnesota. The legislation allows the commissioner of employment and economic development to allocate up to four percent of these funds for administrative and monitoring costs. This is a one-time transfer intended to expand the program's capacity to offer financial assistance to entrepreneurs seeking to start or grow businesses.