Redevelopment Grant Program
Purpose
This program offers grants to assist development authorities with costs for redeveloping blighted industrial, residential, or commercial sites where the need to recycle the land for a more-productive use exists.
Customers and Services
Eligible applicants are development authorities, including cities, counties, port authorities, housing and redevelopment authorities, and economic development authorities. Grants can pay for land acquisition, demolition, infrastructure improvements, soil stabilization when infill is required, ponding or other environmental infrastructure, and adaptive reuse of buildings, including remedial activities at sites where a subsequent redevelopment will occur.
Since 2007, priority funding has been given to eligible applications statewide at a 50/50 split between Greater Minnesota and the Minneapolis/St. Paul metropolitan area. There are additional criteria for determining further priority.
Measures - Reporting period is state fiscal year (SFY), July 1 - June 30
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SFY 2007
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SFY 2008
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SFY 2009
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Dollars awarded
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$6.8M
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$6.2M
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$5.4M
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|
Number of acres redeveloped
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143
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164
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120
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|
Number of jobs created
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1,217
|
941
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767
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Number of jobs retained
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1,302
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2,443
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478
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Dollars leveraged
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$190M
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$267M
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$685M
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Funding Source and Expenditure (in thousands)
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SFY 2007
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SFY 2008
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SFY 2009
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General Obligation Bond Proceeds
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$14,403
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$4,621
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$5,502
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General Fund
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$0
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$2,000
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$0
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Statutory Authority
-- Minn. Stat., Chap. 116J.571
Contact Information
Kristin Lukes, Director
Phone: 651.259.7449 or toll-free: 800.657.3858; TTY: 651.296.3900
This information current as of January 2010.