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Transportation Economic Development Program (TED) <br />Page 1 of 1 <br />POSIIIVE LY <br />D partmant f Employm r t and Lounornic 0 VC opulent <br />Transportation <br />Economic Development Program <br />ABLE OF COMA s <br />Overview <br />Eligibility <br />Application Process <br />2011 Funding Awards <br />Overview <br />The Transportation Economic Development Program (TED) is a competitive grant program available to communities for <br />highway improvement and public infrastructure projects that create jobs and support economic development. <br />The program is a collaboration between the Minnesota Department of Employment and Economic Development (DEED) <br />and the Minnesota Department of Transportation (MnDOT). <br />The funds available for the 2012 program will be $20 million to $30 million, depending on legislative action. <br />• Mn/DOT has committed $20 million in Trunk Highway funds. <br />• DEED is requesting additional resources in the form of general obligation bonds in the 2012 legislative session. <br />The program may provide up to 70 percent of the costs for trunk highway interchanges and other improvements (which is <br />defined as the accepted bid of the construction cost of the project) or the state's share as determined by Mn/DOT's cost <br />participation policy, whichever is Tess, <br />For More Information <br />Contact Jeremy LaCroix at 651-259-7457 or email ieremv.lacroix acstate.mn.us <br />1234 <br />http://www.positivelyminnesota.com/Government/Financial_Assistance/Business Develo... 4/12/2012 <br />