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Business Development Public Infrastructure

by Melissa on October 22nd, 2014

The BDPI grant program provides grants to cities and counties in Greater Minnesota of up to 50% of the capital costs of the public infrastructure necessary to expand economic development, retain or create jobs, or increase the tax base (§116J.431). Greater Minnesota cities, in particular, depend on this grant program to attract new businesses and create jobs in their communities.

The BDPI program has been used successfully over the last ten years to create jobs in Greater Minnesota. In general, the fund can be used for up to 50% of the costs for public infrastructure for economic development. Retail and housing projects are not eligible.

Here is a link to the program on the DEED website http://mn.gov/deed/government/financial-assistance/business-funding/infrastructure-grants.jsp

If you have questions contact Dan Dorman or the DEED Business Development Specialist for your area, and listing of them can be found at http://mn.gov/deed/business/help/location-assist/

 

 

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