Posts by ennelson@flaherty-hood.com
Minnesota Expanding Opportunity Fund Program
Minnesota Expanding Opportunity Fund Program The Minnesota Expanding Opportunity Fund Program is a state-funded program providing low-interest loans to Minnesota nonprofit corporations, Tribal economic development entities, and community development financial institutions. Lenders can receive up to $600,000 at one time to provide loans to the small businesses they serve. Applicants must be CDFIs that are…
Read MoreUpcoming deadlines for 2025 Housing Tax Credit Round 2
Upcoming deadlines for 2025 Housing Tax Credit Round 2 Minnesota Housing is currently accepting applications for 2025 Housing Tax Credit Round 2, as well as the HUD Section 811 Project-Based Rental Assistance Program. Important Dates: Thursday, January 30, 2025: pre-applications for HUD Section 811 PRA are due via the Multifamily Customer Portal by noon Central…
Read MoreDEED: Minnesota jobs and labor force grow again in December
DEED: Minnesota jobs and labor force grow again in December DEED announced today that Minnesota employers added more than 4,000 jobs and the state’s workforce grew by 3,300 jobseekers in December. The state unemployment rate decreased very slightly to 3.3%, and the labor force participation rate remained steady. Read the full press release on the…
Read MoreThe State of Rural 2025 now available
The State of Rural 2025 now available The Center for Rural Policy and Development has released The State of Rural 2025, their annual report on various economic and demographic indicators in rural Minnesota. The report covers population growth, migration, and demographic shifts, economic and workforce trends, and compares current data to past trends and future…
Read More2025 Local Housing Trust Fund Grants Program RFP
2025 Local Housing Trust Fund Grants Program RFP Minnesota Housing has announced the application period and other details for its 2025 Local Housing Trust Fund Grants Program, which provides funding to local governments seeking to invest in affordable housing for their communities. The Local Housing Trust Fund Grants Program was established in 2021 with the…
Read MoreGovernor Walz releases budget proposal for FY2026-2027
Governor Walz releases budget proposal for FY2026-2027 Today, Governor Walz held a press conference to release his budget proposal, calling it “responsible” and highlighting features aimed at balancing the budget. The November 2024 budget forecast showed higher-than-expected spending and a structural deficit leading into the FY 2026-2027 biennium, ultimately leading to a negative balance in…
Read MoreGMNP announces 2025 policy priorities
GMNP announces 2025 policy priorities The GMNP 2025 legislative platform renews the Partnership’s focus on ensuring Greater Minnesota communities and businesses have the resources they need to thrive. In 2025, the GMNP will work to secure funding for critical housing, workforce development, child care, and broadband programs, and push for a bonding bill that meets…
Read MoreDEED: PFA awards more than $265 million for statewide infrastructure projects
DEED: PFA awards more than $265 million for statewide infrastructure projects The Public Facilities Authority (PFA) announced more than $265 million in loans and grants for wastewater and drinking water infrastructure projects, including several in Greater Minnesota. Click here to read the full press release, including a list of awardees. Contact: info@gmnp.org (651) 259-1908 Categories…
Read MoreDEED: Four Greater MN cities receive BDPI awards
DEED: Four Greater MN cities receive BDPI awards The Minnesota Department of Employment and Economic Development (DEED) announced more than $4.37 million in grant awards to four communities in Greater Minnesota through the agency’s Business Development Public Infrastructure program (BDPI). BDPI helps cities expand the public infrastructure needed to support new business development or expansion,…
Read MoreMN Housing announces 2024 project selections
MN Housing announces 2024 project selections The Minnesota Housing Finance Agency (Minnesota Housing) announced the agency’s 2024 project selections yesterday, totaling nearly $191 million in investments. According to the agency, the projects will support the creation or preservation of 2,276 housing units across the housing spectrum, including multifamily housing, single-family homes, manufactured homes, and both…
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