The Minnesota Department of Employment and Economic Development (DEED) is seeking applications for its Transportation Economic Development Infrastructure (TEDI) Program.
Donor Name: Minnesota Department of Employment and Economic Development (DEED)
State: Minnesota
County: All Counties
Type of Grant: Grant
Deadline: 09/22/2023
Size of the Grant: $1,962,400
Details:
The Transportation Economic Development Infrastructure (TEDI) program is created to foster interagency coordination between the Departments of Transportation and Employment and Economic Development to finance infrastructure to create economic development opportunities, jobs, and improve all types of transportation systems statewide.
Funding Information
TEDI – $1,962,400
Eligible Projects
- Funds appropriated for the program must be used to fund predesign, design, acquisition of land, construction, reconstruction, and infrastructure improvements that will promote economic development, increase employment, and improve transportation systems to accommodate private investment and job creation.
- Money in the program shall not be used on trunk highway improvements, but can be used for needed infrastructure improvements and nontrunk highway improvements in coordination with trunk highway improvement projects undertaken by the Department of Transportation.
Eligibility Criteria
Eligible Applicants for the Transportation Economic Development Infrastructure (TEDI) Program are local units of government.
Selection Criteria
The TEDI Program applications will be evaluated on the following criteria:
- job creation (25 points)
- increase in local tax base (20 points)
- level of private investment (15 points)
- leverage of nonstate funds (15 points)
- improvement to the transportation system to serve the project area (25 points)
- appropriate geographical balance between the metropolitan area and greater Minnesota (lower scoring applications can bump high scoring applications if DEED deems it necessary for geographic balance)
For more information, visit DEED.