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Communities- Assistance Programs- Financial Resources- [Fact Sheet:] Small Cities Deve... Page 2 of 2 <br /> moderate income persons. <br /> 2. 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 /> 3. Comprehensive Grants. Comprehensive projects frequently include housing <br /> and public facility activities 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 /> 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 /> 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 /> 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 /> 110 <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 October 1 of each year. <br /> Grant awards <br /> The annual review and ranking period will commence on October 1. Grant awards <br /> will be announced each March. <br /> Approving authority <br /> Department of Trade and Economic Development. <br /> Disbursement of funds <br /> Grant monies are disbursed as project costs are incurred. <br /> IrContact <br /> DTED Regional Representative <br /> Print This Page <br /> • Copyright©1999-2002,Minnesota Department of Trade and Economic Development.All rights reserved. <br /> http://www.dted.state.mn.us/02x01x01x05.asp 9/18/02 <br />