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RELEVANT LINKS: <br /> DEED staff is responsible for a wide range of grant and loan programs, as <br /> well as for providing technical assistance to businesses and communities. <br /> Minn.stat.§§1161411 to DEED also provides grants for contamination cleanup and redevelopment. <br /> 1161.424. <br /> Minn.stat.§1161.575. A redevelopment account allows DEED to make grants to local units of <br /> See,Minnesota Department government up to 50 percent of the cost of redeveloping blighted <br /> of Employment and <br /> Economic Development for industrial, residential, or commercial property. DEED administers the rural <br /> Local Government. development program; makes challenge grants to regional organizations to <br /> The USDA Development. <br /> encourage private investment in rural areas; and administers a revolving <br /> loan fund to provide loans to new and expanding business in rural <br /> Minnesota. Local government units, including cities,may receive these <br /> loans if the community has established a local revolving loan fund and can <br /> provide at least an equal match to the loan received. <br /> Minn.stat.§1161.431. Cities outside the seven-county metropolitan area may receive grants from <br /> Greater Minnesota Business <br /> Development Infrastructure DEED for up to 50 percent of the capital costs of public infrastructure <br /> Grant Program. necessary for certain specified economic development projects, excluding <br /> retail and office space. For this program, "public infrastructure"means <br /> publicly owned physical infrastructure necessary to support economic <br /> development projects, including but not limited to sewers,water supply <br /> systems, utility extensions, streets,wastewater treatment systems, <br /> stormwater management systems, and facilities for pretreatment of <br /> wastewater to remove phosphorus. <br /> Minn.stat.§1161.431,subd. Under this law, an "economic development project"for which a county or <br /> 2. <br /> city may be eligible to receive a grant under this section includes <br /> manufacturing; technology; warehousing and distribution; research and <br /> development; agricultural processing or industrial park development that <br /> would be used by any one of these businesses. <br /> Minn.stat.§1161.435. DEED runs the Innovative Business Development Public Infrastructure <br /> (BDPI)program that provides grants to local governmental units on a <br /> competitive basis statewide for up to 50 percent of the capital cost of the <br /> public infrastructure necessary to expand or retain jobs. <br /> Department of Employment "Innovative business" means a business that is engaged in, or is committed <br /> and Economic Development: <br /> Innovative Business to engage in, innovation in Minnesota in one of the following: <br /> Development Program. <br /> • Using proprietary technology to add value to a product, process, or <br /> Minn.Stat.§1161.435. service in a high technology field. <br /> • Researching or developing a proprietary product, process, or service in <br /> a high technology field. <br /> • Researching, developing, or producing a new proprietary technology <br /> for use in the fields of tourism, forestry, mining, transportation, or <br /> green manufacturing. <br /> League of Minnesota Cities Handbook for Minnesota Cities 11/4/2014 <br /> Community Development and Redevelopment Chapter 15 1 Page 21 <br />