Targeted Community Capital Project Grant Program Now Open for Proposals | Business
On Friday, the Minnesota Department of Employment and Economic Development (DEED) announced that it was seeking proposals from qualified nonprofits and government entities for complex and expensive capital projects that may not not happen without public financial assistance. Projects funded by the Targeted Grants for Community Capital Projects Program must provide, increase and / or expand access to economic development, education or workforce development programs or services. work for underserved communities or economically disadvantaged individuals or groups.
Up to a total of $ 18,000,000 is available for grants during the 2022-2023 state fiscal year through the Targeted Community Investment Project Grants program, which was adopted by the Minnesota legislature during the 2021 session. Individual organizations and government entities can claim up to $ 1,500,000.
âDEED is committed to making Minnesota’s economy grow for everyone,â said Steve Grove, commissioner of DEED. âTo do this, we need to ensure that underserved communities and economically disadvantaged Minnesotans can access the economic development and workforce resources they need. Targeted grants for community capital projects will do just that by targeting funding for programs and services where they are needed most.
Eligible capital project costs include the preconception, design, acquisition of land or buildings, construction, furnishings and equipment of a new or renovated building in order to increase access to services for targeted communities. Equipment is not eligible unless it is purchased and installed during the initial acquisition and construction of a building, expansion or major redevelopment and necessary for the operation of the facility. project.
All entries must be received by email at [email protected] and time stamped by 5:00 p.m. Central time on Monday, December 6, 2021. Winners will be notified in January 2022.
To learn more about this program, join our next information webinar:
Thursday, October 28, 2021 from 2:30 p.m. to 4:00 p.m.
There is no call option
Meeting number (access code): 2535 100 1363
Meeting password: CtjjmYPr345
If you have additional questions, you can submit them to Ann Meyers at [email protected] DEED will post answers to frequently asked questions on DEED’s Competitive Grants and Contracts page.