Funding will support infrastructure improvements in Jackson, St. Joseph, and Faribault
10/15/2018 8:15:41 AM
Shane Delaney, 651-259-7236
ST. PAUL – Minnesota Department of Employment and Economic Development (DEED) awarded just over $2.35 million in grants to infrastructure projects in the Greater Minnesota area.
The funding awarded from DEED’s Greater Minnesota Business Development Public Infrastructure Grant Program(BDPI) was approved for the cities of Jackson, St. Joseph and Faribault. It is expected to create an additional 166 full-time jobs and prepare these cities for future growth.
“These grants demonstrate how state government and the private sector can collaborate to create greater opportunity and continued economic growth throughout Minnesota,” said Governor Mark Dayton. “Working together these business expansions will support vibrant communities and create opportunities for growth in Jackson, St. Joseph and Faribault.”
“These cities are laying the groundwork for future economic success while growing their tax base.” said DEED Commissioner Shawntera Hardy. “By utilizing these BDPI grants cities around the state are improving their local economies.”
The BDPI grant program supports counties outside the seven-county 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:
Jackson was awarded $49,328 for assistance with infrastructure improvements that will supply enough water and water pressure for future expansion of the current industrial park. The future plan is that the new businesses will bring at least 10 full-time jobs.
St. Joseph $1,245,000
The $1,245,000 in BDPI funds awarded to the City of St. Joseph will assist with the extension of roads, water and sewer service to create an industrial park and facilitate two business expansions which will create 24 full-time jobs. Currently St. Joseph doesn’t have a shovel ready industrial site and a new industrial park will help attract new investment and growth within the community and state.
Faribault will use the $1,057,000 in BDPI funds to assist with Daikin Applied’s expansion. The expansion will provide a sanitary sewer and water main infrastructure. Daikin Applied will retain 500 full-time jobs and create an additional 132 full-time jobs. This project will also help attract additional investment and growth within the community and state.
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.
Upon request, this information can be made available in alternate formats for people with disabilities by contacting the DEED Communications Office at 651-259-7161.