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 Summary
Funds provided by local and private community partners
Community |
Project Description |
2010 Awards |
Local / private / other funds leveraged |
% Leveraged |
Non-TED Funding Sources |
I-90 & CSAH 74 Industrial Park |
$570,000 |
$ 2,030,000 |
78.1% |
TIF, State Aid, Local Bonds | |
VersaCold/Hwy. 52 & CSAH 68 Reconstruction |
$1,148,225 |
$1,148,225 |
50.0% |
City and County funds | |
North Shore Manufacturing Hwy 61 Access |
$912,400 |
$460,000 |
33.6% |
IRRRB, DEED; Two Harbors, Lake County |
|
I-90 & Hwy. 59 expansion for Bus./Ind. Park |
$3,300,000 |
$1,420,000 |
30.1% |
Local Funds, MnDOT | |
Hwy 68 & Lake Road Industrial Park |
$575,000 |
$247,500 |
30.1% |
Local Bonds | |
American Peat Co. CSAH 5 Reconstruction |
$138,750 |
$416,250 |
75.0% |
Local funds | |
Hwy. 10 & CSAH 34 Interchange |
$3,997,480 |
$2,356,601 |
37.1% |
Hospital, KLN, Offut contrib; Ottertail county | |
Hwy. 15 & 33rd St. Interchange |
$8,400,000 |
$4,000,000 |
32.3% |
local 1/2 cent sales tax, local funds |
|
I-494 & 34th Avenue Interchange |
$4,200,000 |
$1,800,000 |
30.0% |
MAC contrib., local funds | |
I-35W & 4th St. Interchange |
$9,358,375 |
$4,046,400 |
30.2% |
Hennepin Co. |
|
| Total | $33,083,455 |
$18,410,976 |
35.8% |