Grand Rapids received $615,552 in funds from the Minnesota Department of Employment and Economic Development (DEED).
The funds will be used towards six commercial rehabilitation projects and 27 housing projects. Applications for prospective projects are now being accepted. Those will benefit the most are homes and businesses.
Federal Programs Related to - Regional Economic Development
Programs that provide technical assistance, venture capital, loans, loan guarantees or other forms of management support to encourage the establishment and growth of business and industry in a particular region of the United States.
Federal Programs Related to - Public, Society Benefit, General/Other
Programs that focus on promoting the effective functioning of government, public administration and public officials and support or provide services required for the effective functioning of society's infrastructure.
Federal Programs Related to - Community Economic Development
Programs that provide technical assistance and funds to help communities retain and recycle income within the community by investing in the development of local institutions and businesses.
Business Growth; Business Loans; Economic Growth; Economic Transformation; Real Estate Organizations; Socioeconomic Development; Technology Transfer; Transfer of Technology; Urban Enterprise Zones
Fashion entrepreneur Amy Yeung moved her LA-based online apparel business Orenda Tribe to live on the Navajo reservation in New Mexico, among the indigenous sewers, jewelry makers, and artisans who are her suppliers.
Grand Rapids Gets DEED Funds For Commercial, Housing Projects