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COAlITION Of� The Greater MN Business Development Public <br /> t �; ;- _ � <br /> � � -��-=� Infrastructure (BDPI) Grant Program <br /> �� '-5GREATER M IES <br /> Providing the public infrostructure necessary for private investment <br /> Whpt ►s BDPI? "Funding for the BDPI <br /> program is critica) in <br /> • The BDPI program provides grants to <br /> cities in Greater Minnesota of up to 50% assisting Greater <br /> ofthe capital costsforthe public Minnesota communities <br /> infrastructure necessaryto expand with business retention <br /> economic growth, retain or create jobs, „ <br /> orincreasethetaxbase (§ 116J.431). and expansion needs. <br /> • Greater Minnesota cities depend on the -- �EE�,State of Minnesota 2020 Proposed <br /> Capital Budget,January 202Q <br /> BDPI program to attract new businesses <br /> and create jobs in their communities. <br /> BDPt s►nt'e 2010: "These infrastructure <br /> • 109 BDPI grants to Greater Minnesota projects signal that Greater <br /> cities and counties <br /> • More than 5,000 jobs created and 9,500 Minnesota communities <br /> retained are open for business." <br /> • MOI'E'tF18C1 $48 PY11IIlOf1 dWdl'd2d --- DEED Commissioner Steve Grove, press <br /> release, 11/1/2019 <br /> 2020 BDPI Proposal: <br /> - Seeking $20 million in general obligation bonds <br /> - Due to significant demand, BDPI funds are currently depleted. <br /> - No new projects can be funded unless the Legislature takes action <br /> this year! <br /> � • • . • . : � ' � • • . <br /> . <br /> . • � - . • . • • • • <br /> Prepared by Flaherty and Hood, PA.for the Coalition of Greater f✓IN Cities, 2/1G/?_0�0 <br />