A primary focus of the Minnesota Department of Employment and Economic Development (DEED) is working with businesses and communities statewide to attract, retain and expand businesses; create jobs; help communities thrive; and promote Minnesota's overall economic success.
While DEED has many programs and services for job seekers, businesses and communities, five major economic-development programs are highlighted below.
Border-to-Border Broadband Development Grant Program
- Purpose : This program helps promote the expansion of access to broadband service, scalable to 100 Megabits per second (Mbps), to under-served and unserved areas of the state.
- Customers and Services : Grants are awarded to fund the acquisition and installation of middle-mile and last-mile infrastructure that support broadband speeds of 100 Mbps download and upload. Grants awarded to single projects may not be for more than 50 percent of the eligible project costs and may not exceed $5 million.
- Funding Source : State fiscal year 2016 funding was $10.5 million from the general fund.
- Funded Projects: Visit the Broadband Grant Program webpage.
Minnesota Investment Fund
- Purpose : This program provides financing that creates and retains high-quality jobs, with a focus on industrial, manufacturing, and technology-related industries, to increase the local and state tax base and improve the economic vitality for all Minnesota citizens.
- Customers and Services : Grants are awarded to local units of government which provide loans to assist new and expanding businesses. Cities, counties, townships, and recognized Indian tribal governments are eligible. Loans for land, buildings, infrastructure improvement, equipment, and renovation to support businesses located or intending to locate in Minnesota are eligible. The program focuses on industrial and technology-based firms. All projects must meet minimum criteria for private investment, number of jobs created or retained, and wages paid.
- Funding Source and Allocation : State fiscal year 2015 funding was $17.4 million, with $2.4 from federal funds and $15 million from state funds. Additional state fiscal year 2015 dollars have been committed to business expansions with additional job creation but the awards have not been formally completed.
- Funded Projects: See the Minnesota Investment Fund Awards map.
Job Creation Fund
- Purpose: This program encourages capital investment and high-wage job creation in key Minnesota industries throughout the state.
- Customers and Services : The program provides financial benefits to expanding businesses that are in eligible industries and meet program requirements. Among the eligibility requirements are spending at least $500,000 in real property improvements within one year, creating at least 10 new full-time positions that meet compensation requirements within two years and possessing expansion options outside the state. All financing is performance-based and provided as the business meets capital investment and job creation goals.
- Funding: State fiscal year 2015 funding was $11.65 million.
- Funded Projects: See the Job Creation Fund Awards map.
Minnesota Job Skills Partnership Program
- Purpose: This program helps business and education develop cooperative training projects. The Minnesota Job Skills Partnership (MJSP) Board awards grants to educational institutions that partner with businesses to develop new-job training or retraining for existing employees. Targeted MJSP funds are directed to the Low-Income Worker Training Program, which helps low-income individuals receive training to acquire higher-paying jobs and economic self-sufficiency.
- Customers and Services: Accredited Minnesota public and/or private educational institutions are eligible, with preference given to nonprofit institutions serving economically disadvantaged people, minorities, or victims of economic dislocation; and to businesses located in rural areas. Funds may be used for training-related costs or educational infrastructure improvements necessary to support businesses located or intending to locate in Minnesota. Low-Income Worker Training Program customers are individuals with incomes at or below 200 percent of the federal poverty line; and Minnesota public, private, or nonprofit entities that provide employment services to low-income individuals.
- Funding: State fiscal year 2015 funding was $4.7 million from the state's general fund and $13.2 million from the Workforce Development Fund.
- Funded Projects: Visit the Funded Projects tab on MJSP's Funded Projects and Grant Management webpage.
Redevelopment Grant Program
- Purpose: This program offers grants to help development authorities with costs for redeveloping blighted industrial, residential, or commercial sites for more productive use.
- Customers and Services: Eligible applicants are development authorities, including cities, counties, port authorities, housing and redevelopment authorities, and economic development authorities. Grants can pay for land acquisition, demolition, infrastructure improvements, soil stabilization when infill is required, ponding or other environmental infrastructure, and adaptive reuse of buildings, including remedial activities at sites where a subsequent redevelopment will occur. Since 2007, priority funding has been given to eligible applications statewide at a 50-50 split between Greater Minnesota and the Minneapolis/St. Paul metropolitan area.
- Funding Source: This program did not receive an appropriation during state fiscal year 2015. Awards during the period totaled $2.73 million.
- Funded Projects: Visit the Funded Projects tab on the Redevelopment Grant Program webpage.