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10/25/12 Following the money I Finance&Commerce
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<br /> Following the money
<br /> While the Minnesota Legislature freed up excess TIF dollars to stimulate construction hiring and projects,cities did not track construction jobs for 58 percent of the
<br /> projects.Still,some tracked permanent jobs created and retained jobs.Nearly three-quarters of the total retained jobs ate the result of Target shifting downtown jobs to
<br /> Brooklyn Park.
<br /> Permanent Permanent
<br /> City-Project Description TIF$ Total est. Form TIF was awarded jobs created jobs
<br /> project cost retained
<br /> (approx.)
<br /> (approx.)
<br /> Brooklyn Center-Howe Fertilizer Site(Real $76,000 $5,000,000 Interest free loan for environmental testing with site NA NA
<br /> Estate Recycling)
<br /> Brooklyn Center-redevelopment of Brookdale $2,400,000 $100,000,000 Grant reimbursing for demolition,etc. NA NA
<br /> Brooklyn Park-Cobalt Industrial REIT II $63,897.50 $255,590 Grant,installation of fast-response sprinkler system 90
<br /> Brooklyn Park-Embassy Enterprises $43,000 $332,000 Grant reimbursing for building upgrades 5
<br /> Brooklyn Park-Target Northern Campus $2,500,000 $32,500,000 Grant reimbursing for construction costs NA 3,900
<br /> Cambridge-MAPE USA manufacturing project $70,000 $250,000 Low-interest loan 5 19
<br /> Coon Rapids—American PreClinical Services $350,000 $2,600,000 Grant for rehab of industrial building 40 NA
<br /> Coon Rapids—RMS $700,000 $4,800,000 Grant for 60,000-square-foot addition to facility 150 600
<br /> Coon Rapids-Biovest International $103,000 $1,500,000 loan for renovations 14 24
<br /> Coon Rapids-Medrad $340,000 $8,000,000 Grant,remodeling of building 30 220
<br /> Coon Rapids-Premier Disability $100,000 $178,000 Grant for renovations 50 NA
<br /> Delano-Fee waiver(about 15 homes,1-2 $90,000 NA Waived city construction fees NA NA
<br /> businesses)
<br /> Grant-land acquisition,building demolition,moving
<br /> Detroit Lakes-Downtown Crossing $488,703 $2,500,000 utilities 80
<br /> Elk River-Pizza Ranch loan $90,000 $1,871,890 conversion of vacant video store 74 NA
<br /> Farmington-Immanuel Dental $65,000 $425,000 Forgivable loan NA NA
<br /> Glencoe-Midwest Research $60,000 $100,000 Loan at 2.5%for renovations 4
<br /> Swine/Mi romatrix Medical
<br /> Inver Grove Heights-TamgedAmgenta Hills $1,250,000 $15,000,000 Forgivable loan 200 NA
<br /> retail project
<br /> Lindstrom-Northwoods Roasterie $20,000 $300,000 Forgivable loan 5
<br /> Lindstrom-St.Croix Regional Medical
<br /> Center's clinic $380,000 $2,500,000 Forgivable loan 11 NA
<br /> Little Canada-Grabs Properties/Midwest $262,143.48 $262,143.48 Loan,renovation of building 10
<br /> Gymnastics
<br /> Minnetonka-The Glenn by St.Therese $100,000 $15,900,000 Grant to reimburse for sewer and water access 30 NA
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