The Minnesota Department of Employment and Economic Development (DEED) recently announced that it has awarded $2,314,457 in grants to infrastructure projects in Greater Minnesota, including Redwood Falls.
The funding, awarded from DEED’s Greater Minnesota Business Development Public Infrastructure Grant Program (BDPI), was approved for Brooten, Redwood Falls, Luverne, and International Falls. It is expected to retain or create 226 full-time jobs and prepare these cities for future growth.
“DEED is committed to helping cities across Minnesota work toward a more equitable and thriving economic future,” said DEED Commissioner Steve Grove. “These investments will help create jobs and prepare our Greater Minnesota communities for additional economic growth.”
The BDPI grant program supports communities outside the Twin Cities metropolitan area. Under the program, DEED awards 50% of eligible capital costs for the qualifying public infrastructure projects. These projects include streets, wastewater collection and treatment, drinking water, storm sewers, and more.
Redwood Falls – $1,063,951
The city of Redwood Falls was awarded $1,063,951 to assist with constructing new streets and utilities within a new industrial park, Reflection Ridge. The first phase of the park will include 20 acres and 3 lots. The city speculates the park will allow $3.9 million in private investment and create 50 new jobs. The total cost of the new streets and utilities will be $2,352,903.
https://redwood-falls.com/business-park/