H.F. No. 2789 Summary

• Appropriates $375,000 in fiscal year 2024 and $375,000 in fiscal year 2025 to PFund Foundation for grants to LGBTQ+-owned small businesses and entrepreneurs.

• Requires PFund Foundation to distribute funds with 33.3 percent to racial minority-owned businesses and 33.3 percent to businesses outside the seven-county metropolitan area.

• Allows up to 10 percent of PFund Foundation funds to be used for technical assistance and administrative costs.

• Appropriates $125,000 in fiscal year 2024 and $125,000 in fiscal year 2025 to Quorum for business support, training, development, and technical assistance for LGBTQ+-owned small businesses that receive PFund Foundation grants.

• All appropriations are one-time and available until June 30, 2026.