DEED Awards Promote Business Growth in 11 Minnesota Communities
2 Dec 2021
News, Agralite, Arrowhead Electric Cooperative, BENCO, Brown, Connexus, Light and Power, Crow Wing, Dakota Electric Association, East Central Energy, Federated, Goodhue, Itasca, Kandiyohi, Lake Country, Lake Region, McLeod, Meeker, Mille Lacs Energy Cooperative, Minnesota Valley, Nobles, North Itasca, Redwood, Runestone, South Central Energy, Stearns Electric, Steele, Todd, Wright Hennepin
St. Paul – Eleven Minnesota businesses are investing up to $607 million in the state, leveraging DEED awards totaling $6 million-- a little less than $3 million from the Job Creation Fund (JCF) and a little more than $3 million from the Minnesota Investment Fund (MIF).
Eleven businesses, five in Greater Minnesota and six in the Twin Cities metro, are receiving funding awards once they meet all the established criteria. These projects are expected to create 658 new jobs at their project sites and retain 372.