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Funding Options <br /> Program Description Contact Website Government Brunes <br /> Drive Royce <br /> U.S. EDA Grants from this program help communities to Jack Arnold,U.S. EDA www.eda.gov/lnvest x <br /> Infrastructure revitalize,expand,and upgrade their physical 218)720-5326 mentsGrants/Investm <br /> Funding infrastructure to attract new industry,encourage jarnoldl @eda.doc.gov ents.xml <br /> business expansion,diversify local economies, <br /> and support the generation or retention of jobs and <br /> investments. Rehabilitation of historic buildings is <br /> an eligible activity. The process takes up to 2 <br /> years and requires that applicants demonstrate that <br /> jobs will be created and private sector investment <br /> made if the U.S. EDA funding is provided. <br /> Facilities funded by these dollars need to be <br /> publicly owned. <br /> Tax Increment An economic development tool that finances Amy Collins,BLADC http://www.house.leg. x x <br /> Financing qualifying improvements with the increased 218-828-0096 state.mn.us/hrd/issinf <br /> property taxes generated from the new amy(dbladc.org o/tifinain.htm <br /> development or redevelopment. The main <br /> objective of TIF is to encourage certain types of <br /> development or redevelopment that would not <br /> normally occur without the use of TER The public <br /> purpose for which TI financing revenues can be <br /> expended include,but are not limited to: <br /> • expanding the property tax base <br /> • providing employment opportunities <br /> • redeveloping blighted areas <br /> • remediating polluted soils <br /> • constructing low and moderate income <br /> housing- <br /> DEED As of March 13,2006 this program does not Patrick Armon,DEED http://www.deed.state x x <br /> Business have any funding available. The Greater 651-297-3371 or. .11111.us/community/B <br /> City of Pequot Lakes Infrastructure Funding 4 <br />