North Mankato Awarded $1.1 Million in BDPI Funding for Northport Industrial Park

The Minnesota Department of Employment and Economic Development (DEED) awarded North Mankato $1.108 million in BDPI funding to assist with constructing streets and utilities to expand the Northport Industrial Park. The expansion will add 67 acres and seven lots to the park. A warehousing and distribution business is planning an immediate investment of $15 million in a new facility, which will create 75 jobs. The city expects the project to create $28 million in private investment and 150 new jobs. The total project cost is $2.3 million.

The Minnesota Department of Employment and Economic Development (DEED) has awarded more than $4.37 million in grants to four infrastructure projects in Greater Minnesota. The funding, awarded from DEED’s Greater Minnesota Business Development Public Infrastructure Grant Program (BDPI) and Innovative Business Development Public Infrastructure Program (IBDPI), is expected to support 869 jobs and leverage $255 million in private investment.

“Investing in public infrastructure is investing in the wellbeing and vitality of our communities,” said DEED Commissioner Matt Varilek. “DEED grants help stimulate local economic development, create jobs and support innovative businesses and organizations.”

The BDPI grant program supports communities outside the Twin Cities metropolitan area. The IBDPI grant program supports communities statewide with a specific target of infrastructure for innovative businesses. Under the programs, DEED awards 50% of eligible capital costs for the qualifying public infrastructure projects. These projects include streets, wastewater collection and treatment, drinking water, storm sewers and more.