The Department of Employment and Economic Development (DEED) is now accepting applications for capital projects that are eligible for $47.5 million in construction bond funding approved during the 2012 legislative session.
Local units of government can apply for funding for projects having a useful lifespan of at least 10 years. Eligible costs can include predesign, design, acquisition of land or buildings, construction, furnishing and equipping new or renovated buildings, and infrastructure.
Projects will be selected on such criteria as number of full-time jobs created or retained, increase in the local tax base, ability to attract private investment, health and safety benefits, and evidence of a strong return on investment and cost-benefit ratio.
The deadline for submitting applications is 4:30 p.m. on Tuesday, June 26.
Full details and application materials are available on the DEED website at the following link:PositivelyMinnesota.com/capitalgrants.