Funding will support infrastructure improvements in Cold Spring, Dodge Center and Lakefield
1/8/2020 9:22:25 AM
ST. PAUL – Minnesota Department of Employment and Economic Development (DEED) awarded $1,900,218 million in grants for infrastructure projects in Greater Minnesota.
The funding awarded from DEED’s Greater Minnesota Business Development Public Infrastructure Grant Program (BDPI) was approved for Cold Spring, Dodge Center and Lakefield. It is expected to create 207 full-time jobs and prepare these cities for future growth.
“Investments in public infrastructure are critical to the economic success of Greater Minnesota communities,” said DEED Commissioner Steve Grove. “These grants will help spur that economic development and will create and retain over 200 jobs in Cold Spring, Dodge Center and Lakefield.”
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:
Cold Spring, $951,330
Cold Spring was awarded $951,330 to assist with constructing a water line to assist with the expansion of Cold Spring Brewing Company. Cold Spring Brewing Company will invest $37 million in their expansion and add 117 new employees.
Dodge Center, $729,285
Dodge Center was awarded $729,285 to assist with a street and utility extension that will allow McNeilus Steel to expand. McNeilus Steel will invest $11.6 million in the expansion and add 50 new jobs.
Lakefield was awarded $219,600 to assist with relocating overhead municipal electrical lines to allow the expansion of Hussong Manufacturing. Hussong Manufacturing (also known as Kozy Heat) will invest $3 million in the expansion and add 40 new employees.
DEED is the state’s main economic development agency, promoting business recruitment, expansion and retention, workforce development, international trade and community development for more details about the agency and its services, visit the DEED website or follow DEED on Twitter.