State Awards $3.4 Million in Redevelopment Cleanup Grants
4 Jul 2019
The money helps clear way for new housing, commercial projects.
The Minnesota Department of Employment and Economic Development (DEED) awarded $3.4 million in cleanup grant funds to 15 redevelopment projects across the state. DEED estimates that these funds will draw $245.7 million in private investment for the projects. The funding is awarded through DEED’s Contamination Cleanup and Investigation Grants Program.
“Contaminated sites are standing in the way of growth,” said Gov. Tim Walz in a statement announcing the grants. “That’s why we’re working to clean these sites and allow communities to redevelop the land. These projects will create 130 new jobs, 214 affordable housing units, and allow Minnesota to build for the future.”
In most cases, matching costs will be provided by project developers.
Click here to view the original article from Twin Cities Business.
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Tom Lambrecht