Nearly $3 million awarded for infrastructure investments in Minnesota
St. PAUL, Minn. – The Minnesota Department of Employment and Economic Development (DEED) said it is awarding three projects $2.86 million for infrastructure development from the Transportation Economic Development Infrastructure (TEDI) program.
The TEDI program was created to finance infrastructure projects that create economic development opportunities, jobs, and improve statewide transportation systems.
“Creating and retaining over 560 jobs is no small feat,” DEED Commissioner Steve Grove said in a statement. “These infrastructure investments are a powerful way that DEED helps bring more business to Minnesota.”
According to a news release by DEED, details on individual projects as follows:
- Multiple trucking-related businesses are planning to develop 73 acres adjacent to Highway 14 in Mankato. The $1,100,000 funding will help extend Adams Street east of County Road 12 to provide access for development. The project is expected to create or retain 154 full-time jobs.
- Minneapolis is redeveloping 48 acres of riverfront land as part of the Upper Harbor Terminal Redevelopment Project. One million funds would assist in the realignment and reconstruction of Dowling Avenue, which will be the main entrance to the project. The proposal speculates that as many as 359 jobs will be created in five years as part of this project.
- A project in Sherburne County is adding a Google Data Center to Becker Business Park. This project, with $761,669 in funds, would assist in the reconstruction and expansion of County Road 53 in order to provide improved access to the park for the new center. The project is expected to create 50 jobs.