The Minnesota Department of Employment and Economic Development (DEED) announced this past Thursday $47.5 million in competitive business development grants that are going to fund nine economic development projects statewide.

The Minnesota Department of Employment and Economic Development (DEED) announced this past Thursday $47.5 million in competitive business development grants that are going to fund nine economic development projects statewide.
These targeted investments are going to put an estimated 2,000 Minneso-tans to work on projects which have regional and statewide significance.
Among those awarded funds is a local project proposed by Redwood and Renville counties.
Redwood and Renville counties requested funds to construct and provide infrastructure for a joint material recovery facility to improve collection, processing and marketing of recyclables.
The project would create approximately 20 construction jobs, eight full-time equivalent jobs (public sector) and retain 16 jobs.
The total project cost is $4,512,100, and the total DEED award is $1,898,750.
The grant winners were chosen from 90 applications, with requests totaling $288 million. The agency re-viewed applications based on five criteria, including: project readiness, job creation, investment and leverage, regional impact and public benefit.
Projects were organized into three regions to achieve geographic balance, including: metro, north and south.
Gov. Mark Dayton, his senior staff,and staff from the Department of Manage-ment and Budget reviewed DEED’s decisions.