DEED Funds Clean-Up Sites, Retains Jobs

By KBJR News 1

DEED Funds Clean-Up Sites, Retains Jobs

January 10, 2013 Updated Jan 10, 2013 at 12:19 PM CDT

St. Paul, MN (NNCNOW.com) -- The Minnesota Department of Employment and Economic Development have awarded almost $5.3 million in grants to investigate, or clean-up, contaminated sites for projects that will create 1,146 jobs and maintain another 339.

The grants were awarded under the agency's Contamination Cleanup Grant Program for 14 projects in Baudette, Brooklyn Center, Duluth, Eagan, Hopkins, Hutchinson, Minneapolis and St. Paul.

Stryker Bay in Duluth will receive $303,787 in cleanup funds.

The 6.65 acre site is contaminated with lead, cyanide, benzo(a)pyrene, phenols and volatile organic compounds. Previous activity on the site includes coke and coal refining and meatpacking.

It will be redeveloped into a 7,200 square foot, slab on grade building that will function as an office, warehouse and fabrication shop for a local company.

The new development will create four jobs, retain one job, increase the tax base by $20,859 and leverage about $500,000 in private investment.

DEED's cleanup grants, which are awarded twice a year, account for about 75% of public funding used for reclaiming polluted sites and brownfields statewide.

The remaining 25% comes from the Metropolitan Council, cities, counties, other local forms of government, private landowners and developers.

Due to the latest round of funding, local property tax revenue for 83.5 acres of formerly polluted land will increase by about $6.6 million. The grants will result in 708 market-rate housing units being completed.

Since its inception in 1995, the Contamination Cleanup Grant Program has awarded more than $130 million in cleanup and investigation grants statewide.

Posted to the web by Jenna Vogt