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The Minnesota Department of Employment and Economic Development has awarded $3,322,579 in grants to infrastructure projects in Greater Minnesota. One of the projects is located in Moorhead.
“Investing in infrastructure is one of the best ways that cities can lay the groundwork for future economic success,” DEED Commissioner Steve Grove said in a statement. “These grants will help communities expand their tax base and speed up their growth.”
DEED also awarded $2,035,101 to fund an infrastructure project for innovative business development in the city of Dayton.
According to a news release, the funding awarded through DEED’s Greater Minnesota Business Development Public Infrastructure Grant Program (BDPI) was approved for Moorhead, Cokato, Braham, Isle, and St. Michael. It is expected to retain and create 339 full-time jobs and prepare these cities for future growth.
The BDPI grant program supports communities outside the Twin Cities metropolitan area. Under the program, DEED awards 50% of eligible capital costs for the qualifying public infrastructure projects. These projects include streets, wastewater collection and treatment, drinking water, storm sewers, and more.
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For the Moorhead project, the city of Moorhead was awarded $2,000,000 to construct streets and utilities within the MCCARA Industrial Park. The city expects five businesses to locate on the proposed lots within five years. It is expected that the businesses will create more than 45 jobs and increase the taxable value of the area by $4.6 million. The total project cost is $4.3 million.
Visit this webpage to view the other projects and for additional information.
