Transportation
Economic Development Program
Overview
The Transportation Economic Development Program (TED) is a competitive grant program available to communities for highway improvement and public infrastructure projects that create jobs and support economic development.
The program is a collaboration between the Minnesota Department of Employment and Economic Development (DEED) and the Minnesota Department of Transportation (MnDOT).
Funding for the program will be set during the 2013 legislative session. The governor has recommended $10 million for each of fiscal years 2014 through 2017. The final funding outcome could be different.
The program may provide up to 70 percent of the costs for trunk highway interchanges and other improvements (which is defined as the accepted bid of the construction cost of the project) or the state’s share as determined by Mn/DOT’s cost participation policy, whichever is less.
For More Information
Contact Jeremy LaCroix at 651-259-7457 or email jeremy.lacroix@state.mn.us