TED Fact
In 2010-11, TED distributed $33.2 milllion in funds matched by $18.6 million from private and other public sources. These targeted investments will support an estimated 4,000 additional “head of household”-type jobs for Minnesota.
TED Projects
- Perham was awarded $3,997,480 (of a total $6,711,762 project) to construct an interchange at US 10 and CSAH 34.
- The interchange created better access to Barrel O’Fun, Tuffy’s Pet Foods, Kenny’s Candies, and the new hospital.
- This project supported the creation of 240 jobs.
- Zumbrota was awarded $1,148,225 (of a total $2,296,450 project) to close access to Highway 52 near VersaCold in Zumbrota, improve existing roads, and to extend utilities to another existing interchange.
- This upgrade will allow safer access to Highway 52 and it will provide for future industrial development.
- VersaCold is planning for a 75,000 square foot expansion that will add 25 jobs.
- Worthington was awarded $3.3 million to extend the 4-lane divided section of Hwy 59 north 1,200 feet, and to construct and extend turning lanes.
- These improvements will open up 750 acres for a new industrial park and create access to a new bioscience park.
- The new industrial park is expected to create 440 jobs in the next 5 years.
- Aitkin County requested $138,750 to reconstruct one mile of County Rd. 5 to a load capacity of 10 tons per axle.
- This upgrade will allow American Peat Technology to increase production.
- This project was funded entirely with DEED funds as it lies outside the trunk highway system.
- Marshall was awarded $575,750 to construct turn lanes, a bypass lane, and truck acceleration lane at the intersection of Hwy 68 and Lake Road.
- This new roadway will provide more direct and safer access from Hwy 68 to the 100-acre industrial park that was being developed.
- It is estimated that these new improvements will create 100 new jobs.
- St. Cloud was awarded $8.4 million (of a total $12 million project) to add an interchange to an existing overpass located at Hwy 15 and 33rd Street
- This interchange will increase safety in St. Cloud by reducing traffic that must travel through one of St. Cloud’s busiest intersections (Hwy 15 and Hwy 23)
- These improvements are adjacent to a high-growth area that several businesses are interested in.
- Bloomington was awarded $4.2 million (of a total $6 million project) to improve the interchange at I-94 and 34th Avenue, which will increase its capacity and reduce queue crashes
- This project will improve access for corporate offices, the Minneapolis International Airport, and the Mall of America
- Hennepin County was awarded $9.4 million (of a total $13.5 million project) to add a new entrance ramp to I-35W northbound from 4th Street South as well as an auxiliary lane on northbound 35W from University Avenue SE to Stinson Boulevard.
- This project will reduce congestion in an area with high job concentration and create a more direct route from downtown Minneapolis to I-35W North.
- St. Charles was awarded $570,000 (of a total $2,600,000 project) to construct a new 20 acre industrial park adjacent to I-90, off of State Highway 74.
- Active Tool, Die, and Robotics Redefined/Excel Manufacturing are moving into the industrial park and will expand their operations.
- This project is projected to create 45 jobs.
- Two Harbors was awarded $1,302,400 to close six Highway 61 accesses and add an intersection to the east side of Hwy 61 at CSAH 26.
- These changes will provide safer highway access for North Shore Manufacturing and other area businesses.
- North Shore Manufacturing intends to add 50 jobs over the next 5 years.