Minnesota Department of Employment and Economic Development (DEED) awarded $645,925 in grants to infrastructure projects in Greater Minnesota.
The funding awarded from DEED’s Greater Minnesota Business Development Public Infrastructure Grant Program (BDPI) will go to projects in Bagley and Fairmont.
“Keeping Minnesota’s water clean for future generations is a smart economic investment for our state,” said Governor Tim Walz. “These grants will help spur economic development and create and retain 48 jobs in Bagley and Fairmont.”
“By utilizing these BDPI grants, Bailey and Fairmont are improving their local economies,” said DEED Commissioner Steve Grove. “These infrastructure projects signal that Greater Minnesota communities are open for business.”
The BDPI grant program supports counties outside the Twin Cities metropolitan area. Under the program, DEED awards 50 percent of eligible capital costs for the qualifying public infrastructure projects. These projects include wastewater collection and treatment, drinking water, storm sewers, and more.
The following is a breakdown of the latest funding:
Bagley, $211,850
Bagley was awarded $211,850 to assist with the construction of water and sewer main extensions in an industrial park. The extensions will allow Team Industries to invest $5 million on an expansion that will add 20 employees.
Fairmont, $434,075
Fairmont was awarded $434,075 to assist with water and sewer lines and a street in a new 37 acre industrial park. Also adjacent and being aided by the project is Cemstone. They will be expanding and plan to add 17 jobs to its current workforce of 11 in Fairmont.
DEED is the state’s principal economic development agency, promoting business recruitment, expansion and retention, workforce development, international trade and community development. For more information about the agency and its services visit the DEED website or follow DEED on Twitter.
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