The bill, S.F. No. 1410, proposes that the state of Minnesota allocate $300,000 in the year 2026 to fund workforce development programs in the city of Bloomington. This money will be used to support programs like the "Bloom in Bloomington" youth summer internship program, aiming to enhance job skills and employment opportunities for the community. This funding will be managed by the state's commissioner of employment and economic development and is available until the end of June 2028.