The Minnesota Department of Employment and Economic Development (DEED) announced Thursday that it has awarded more than $3.1 million in infrastructure grants to projects in the cities of Austin and Lester Prairie. The funding, awarded from DEED’s Greater Minnesota Business Development Public Infrastructure Grant Program (BDPI), is expected to retain or create 211 full-time jobs and leverage $182.5 million in private investment.
The BDPI program awards grants worth up to 50% of eligible capital costs for qualifying public infrastructure projects in communities outside the Twin Cities metropolitan area. These projects include streets, wastewater collection and treatment, drinking water, storm sewers and more.
The city of Austin was awarded $1,650,175 to construct street and sewer systems for the Creekside Business Park Extension Project that will add 57 acres to the park, as well as provide space for additional businesses to locate in the park. The project is expected to create 106 jobs and pull $180 million in private investment from NuTek and Smyth. The project is also receiving a $2.2 million federal grant from the Economic Development Administration (EDA) as a part of the American Rescue Plan and EDA’s $300 million Coal Communities Commitment. The total project cost is $4,375,350.