DEED Awards $2.2 Million in Redevelopment Funding
April 1, 2024
The Minnesota Department of Employment and Economic Development (DEED) announced more than $2.2 million in land redevelopment funding to eight communities statewide – creating or retaining 91 jobs, collectively increasing local tax bases by $3.1 million and leveraging more than $228.7 million in private investment.
The seven grants from DEED's Redevelopment Grant Program and one loan from the Demolition Loan Program are expected to redevelop 20.84 acres and establish 571 units of housing.