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Capital investment means clean water, safe roads, housing, economic development, and good-paying jobs in Greater Minnesota.

Capital investment, or "bonding," is a critically important tool to stimulate the economy and address public infrastructure needs throughout the state. The Greater Minnesota Partnership believes that state capital investment bills should focus on the basics - local roads, bridges, water, wastewater, and the public infrastructure needed to support housing and business development.

In 2023, the GMNP fought hard to secure a capital investment package that met the needs of Greater Minnesota. The final outcome included:

$208 million

for water and wastewater infrastructure

$900 thousand

for the Greater Minnesota Child Care Facilities Grant program

$10 million

for the Greater Minnesota Business Development Public Infrastructure Grant program

$3 million

for the Greater Minnesota Housing Public Infrastructure Grant program

Questions about the capital investment process or the state Capital Budget?

2024 GMNP Infrastructure Policy Priorities

Passage of a regionally-balanced bonding bill that directs at least 50% of funding to Greater Minnesota.

$20 million for the Greater Minnesota Housing Infrastructure Grant program in bonding or cash funds.

$20 million for the Greater Minnesota Child Care Infrastructure Grant Program in bonding or cash funds.

$20 million for the Business Development Public Infrastructure Grant Program in bonding or cash funds.

Latest Updates

Governor Walz unveils proposed capital budget for 2024

By ennelson@flaherty-hood.com | January 17, 2024

Yesterday Governor Tim Walz and Lt. Governor Peggy Flanagan announced the administration’s proposed capital investment plan ahead of the 2024 legislative session. The recommended package totals $982 million of bonding and cash dollars. Under the Governor’s recommendations, the Greater Minnesota Business Development Public Infrastructure program would receive $3 million. Additionally, Minnesota Housing programs would receive…

MMB releases November forecast with ‘good news, bad news’ budget outlook

By ennelson@flaherty-hood.com | December 8, 2023

Minnesota Management and Budget (MMB) released its November state budget forecast on Wednesday. According to MMB, the state’s budget and economic outlook remains stable in the current biennium. The forecast projected a surplus of $2.4 billion at the end of the 2024-25 biennium, an increase of $808 million from the estimate released at the end…