Ignite Businesswomen Investment Group Foundation appropriation

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 used to create a capital access fund offering working capital, capacity-building grants, and low-interest loans, with a focus on women in underserved and economically disadvantaged communities. An additional $250,000 is designated for business planning, leadership development, financial literacy training, and grants to community organizations that specialize in women-focused entrepreneurship support. The appropriation is a one-time allocation for fiscal year 2027 and is administered through the commissioner of employment and economic development.