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Communities- Assistance Pro.ams- Financial Resources- [Fact Sheet:] Small Cities Dev... Page 2 of 2 <br /> <br />moderate income persons. <br />Public Facility Grants. SCDP funds are granted for wastewater treatment <br />projects, including collection systems and treatment plants; fresh water <br />projects, including wells, water towers, and distribution systems; storm sewer <br />projects; flood control projects; and, street projects. <br />~Comprehensive Grants. Comprehensive projects frequently i~nclude housing <br />and public facility acti~,ities described above. In addition, comprehensive <br />projects may include an economic development activity, which consists of <br />loans from the grant recipient to businesses for building <br />renovation/construction, purchase of equipment, or working capital. The <br />most common economic development activity is rehabilitation of local <br />commercial districts. <br /> <br />Maximum available <br />The maximum grant award for a Public Facility or Housing project is $600,000. <br />The maximum grant for a Comprehensive project is $1.4 million. <br /> <br />Other funds required <br />The amount of other funds required is variable and contingent on the project type, <br />other available sources of funds for the project, and the financial capacity of the <br />applicant and local benefiting residents. <br /> <br />Terms <br />The length of project period is normally between two and three years, depending on <br />the size and scope of the project. <br /> <br />Application accepted <br />Part I pre-applications of the Business and Community Development application <br />can be submitted year-round. Complete applications (including Part II) must be <br />submitted by ~ 1 of each year. <br /> <br />Grant awards <br />The annual review and ranking period will commence on ~ 1. Grant awards <br />will be announced each March. <br /> <br />Approving authority <br />Department of Trade and Economic Development. <br /> <br />Disbursement of funds <br />Grant monies are disbursed as project costs are incurred. <br /> <br />Contact <br /> <br />Oop~right © 1999- 2003, Minnesota Department of Trade and Economic Developrnent. All righls reserved, <br /> <br />http ://www. dted. state.mn.us/02x01 x01 x05. asp 1/31/2003 <br /> <br /> <br />