Amends GS 143B-437.71 by renaming the One North Carolina Small Business Account as the Small Business Research and Technology Account and allows money in the One North Carolina Fund (Fund) to be allocated to the Small Business Research and Technology Account instead of to the One North Carolina Small Business Account.  Expands upon the allowable uses of money allocated from the Fund to local government to include competitive grants for eligible small businesses that locate a new or expand an existing facility in the State to offset costs associated with the facility. Requires prioritizing grants to recipients that will have the greatest net benefit at the regional and State levels. Caps grants to a single recipient at $500,000 in a calendar year, to $2.5 million total, and to a term of distribution over five years. Defines an eligible business as one that has: (1) 250 or fewer employees or has less than $5 million in annual gross revenue; (2) will invest at least $10 million but no more than $30 million in private funds, and hire no more than 250 new employees in this state; and (3) pays employees an average weekly wage at least equal to 110% of the average wage for all insured private employees in the county. Makes conforming changes to GS 143B-437.80 and GS 143B-437.83.

The following provisions are effective July 1, 2024.

Appropriates $25 million for 2024-25 from the General Fund to the Main Street Solutions Fund for the Department of Commerce (DOC) to use for purposes consistent with that Fund.

Appropriates $15 million for 2024-25 from the General Fund to the Rural Infrastructure Authority for the specified purposes.

Appropriates $30 million for 2024-25 from the General Fund to the Department of Transportation to be allocated to the North Carolina Ports Authority for the construction of a roll-on-roll-off facility for the Port of Morehead City.

Appropriates $15 million for 2024-25 from the General Fund to DOC for purposes consistent with the Rural Downtown Transformation Grant Program; allows up to 5% of the funds to be used to administer the program.