Clausen legislation could lead to 500 permanent jobs in Apple Valley
Senator Greg Clausen (DFL-Apple Valley) is currently working on legislation to help finance a 100,000 square foot office space and corporate headquarters project near the Apple Valley Transit Station at 155th and Cedar Avenue. It is estimated that 500 permanent jobs, in addition to the construction jobs, would be created once the project is finished.
“This is a great project that will continue to bolster the economically strong downtown area in Apple Valley,” said Sen. Clausen. “I think we can get this legislation through this year and continue to move this project in the right direction.”
Senator Clausen’s legislation takes advantage of Tax Increment Financing (TIF) which helps cities and development authorities finance costs of real estate development. Proponents of the legislation believe the project will make good use of the economic opportunities presented by the Bus Rapid Transit Red Line.
“This will be a wonderful location for future employees to take advantage of our transit system,” said Sen. Clausen. “Its close proximity to the Bus Rapid Transit Red Line will benefit business owners as they look to hire skilled employees and attract costumers.”
The legislation was heard in the Senate committees on Taxes this week and will likely be included in an omnibus tax bill before the end of the legislative session. For more information on Sen. Clausen’s TIF legislation or any other legislative issues, contact Sen. Clausen by calling (651) 296-4120 or by emailing firstname.lastname@example.org.