Laserfiche WebLink
Greater Minnesota Business Development Public Infrastructure Grant Program <br /> Program Concept <br /> g P <br /> PROGRAM GOAL: The Greater MN Business Development Public Infrastructure (BDPI)Grant <br /> Program Goal is to keep or enhance jobs in a particular area,to increase a city's tax base, or to create or <br /> expand new economic development within a city. <br /> BACKGROUND/PURPOSE: The Greater Minnesota Business Development Public Infrastructure <br /> Grant Program was established by the 2002 legislature to assist with complex and costly public <br /> infrastructure development projects for industrial development parks and businesses that might not occur <br /> without public financial assistance. Pursuant to Minnesota Statutes 116J.431,the Minnesota Department <br /> of Employment and Economic Development(DEED)has the authority to award grants to assist cities <br /> with development of eligible public infrastructure costs as defined below. <br /> FUNDING AVAILABILITY: The current legislative appropriation for this program is $10,000,000. <br /> The appropriation can be spent over a five-year period at the discretion of DEED for qualifying projects <br /> in Cities outside of the seven county metropolitan area. Based on the number of eligible applications, <br /> funding availability will be determined solely by DEED. <br /> Within the first two years of the Program, the following breakdown of funding has been mandated by the <br /> Legislature: <br /> • $2,000,000 must be made available to cities with populations of less than 5,000. <br /> • • 20%of the amount available - $2,000,000-must be made available for industrial park <br /> developments. <br /> • $6,000,000 available for remaining eligible projects. <br /> Eligible Applicants: Cities outside of the seven county metropolitan area. <br /> (Hennepin, Ramsey, Dakota, Anoka,Washington, Scott, Carver) <br /> Eligible Activities: DEED may provide up to 50% of the total capital costs to address the need <br /> for publicly owned infrastructure including, but not limited to,wastewater <br /> collection and treatment, drinking water, storm sewers,utility extensions <br /> and streets which support economic development projects including <br /> manufacturing,technology, warehousing and distribution,research and <br /> development, and agricultural processing,which is defined as transforming, <br /> packaging, sorting, or grading livestock or livestock products into goods <br /> that are used for intermediate or final consumption, including goods for <br /> nonfood use, or; <br /> Industrial Park Development that would be used by any business previously <br /> listed. <br /> Ineligible Activities: Retail development and office space development other than incidental <br /> office space. Retail developments are projects whose customers are the end <br /> users of a product or service. <br /> • <br /> 1 <br />