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The Minnesota Department of Employment and Economic Development awarded about $2.1 million in grants to five projects in the August round of the Redevelopment Grant Program.
Since its creation in 1998, the Redevelopment Grant Program has made 222 grant awards, which have helped fund projects that created or retained more than 29,000 jobs and generated nearly $51 million in tax revenue.
The Redevelopment Grant Program helps communities with the cost of redeveloping blighted industrial, residential or commercial sites. Written By: Prairie Business | × The Minnesota Department of Employment and Economic Development recently awarded nearly $3.8 million to redevelop 11 sites in eight different cities, including a demolition grant throughout Minnesota. Redevelopment projects made possible through the grants are expected to create 136 new jobs and retain 130 jobs, according to the department, while providing more than 974 new housing units, 470 of which will be affordable hous...