Le Sueur receives money from MnDOT, DEED’s grants for economic development, job creation …
ST. PAUL, Minn –Recently, the Minnesota Department of Transportation(MnDOT), in partnership with the Department of Employment and Economic Development (DEED), awarded a total of $15.7 million in grants to five state trunk highway projects that will support growing industry and businesses, and improve the transportation network for all users. Le Sueur was one of the cities selected. It will receive $2,072,571.
“This is great news, not just for Le Sueur, but the surrounding areas as well,” said Senator Kevin Dahle (DFL – Northfield). “Projects like this extend beyond the one community and assist the whole region. This is a boost for economic development in southern Minnesota.”
The funding was awarded under the Transportation Economic Development Program (TED). MnDOT and DEED have provided nearly $70 million in grants to 29 communities through the TED program since 2011. Program criteria emphasize improvements that enhance the statewide transportation network, including all modes and all jurisdictional systems, and improvements that allow existing businesses to expand or new businesses to locate near the project area. The TED program also has leveraged more than $125 million from public and private partners who derive a direct benefit from the improvement.
“The TED program is a great example of a public-private partnership. It brings together different interests for the betterment of the community. We should continue to look for ways to expand this program, as well as create other initiatives based on this successful model.”
The $15.7 million provided this year will help leverage an additional $25 million in other federal, state, local, and private funding for a total construction program of $40 million.
“Approximately 200 jobs will be created as a result of this project. Highway 169 is in need of improvements and this grant will leverage an additional $5 million dollars in spending to boost job growth.”
This project coincides with Senator Dahle’s bill that provides for the relocation of the Highway 169 rest area in Le Sueur, allowing Cambria to acquire the land it needs to expand its business and create as many as 500 local jobs.
“This is just another example of helping out a local company to create economic growth. Cambria has been a strong local partner and this provision allows them to continue to expand their business.”
MnDOT and DEED received 25 applications requesting $73 million in funding. Project selection was based on consistency with transportation plans, economic benefits, project financing and project readiness.
More information about the selected projects and the TED program is available on MnDOT’s website at www.dot.state.mn.us/funding/ted.html.