Minnesota awards $5.3 million to nine cities for projects
St. PAUL, Minn. – More than $5 million has been awarded to nine communities by Minnesota Department of Employment and Economic Development (DEED).
The $5.34 million in grants to nine cities across Minnesota will help clean up 11 contaminated sites approved for redevelopment.
DEED’s Contamination Cleanup Grant Program awarded the funding, the department explained in a news release on Thursday, which will leverage nearly $490 million in private investment and create or retain 382 jobs.
Projects will include redevelopment expected to create 1,843 housing units, of which 873 units will be affordable housing. The department said local tax bases are expected to increase by $4 million through redevelopment of the sites.
“These cleanup grants clear the way for additional housing, which is much needed in many Minnesota communities,” DEED Commissioner Steve Grove in the prepared statement. “When you also factor in the 199 jobs created and the 183 jobs retained — these are important investments in Minnesota’s families and workers.”
DEED’s Contamination Cleanup Grants cover up to 75% of the costs to remove contaminates at approved polluted sites. The remaining costs are covered by cities and counties, other units of local government and private landowners and developers.
Click to view the full press release and find out what cities were awarded grants.