TED Fact
In 2012, TED will distribute $27 million in funds matched by $83 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
- Mankato was awarded $969,200 (of a total $1.4 million project) to improve roads and utilities in Eastwood Energy Industrial Park.
- This project expects to create 160 jobs within two years and about 470 jobs within five years
- Benton County was awarded $2.9 million (of a total $4.9 million project) in order to make interchange improvements on Highways 10 and County Rd. 3.
- This project will support two adjacent industrial parks that house more than 1,000 employees and has the resources to bring in additional businesses.
- Delano was awarded $1.6 million (of a total $6.1 million project) in order to improve highway infrastructure.
- This project will support a new industrial park that will provide for several businesses in the area including Randy’s Environmental Services.
- Randy’s Environmental Services will add 30 jobs immediately and other businesses are expected to create an additional 100-150 jobs within two years and 400-500 jobs within five years.
- Minnetonka was awarded $1.6 million (of a total $2.6 million project) in order to install a westbound on-ramp for the I-394/Ridgedale Drive interchange.
- This area already supplies 20,000 jobs and it expects to create another 700 jobs within two years and 900 jobs within five years.
- Rochester was awarded $1.5 million (of a total $2.3 million project) to make improvements at Hwy 14 and 40th Avenue SE
This project will enable Reichel Foods to expand operations in the area. - Reichel Foods employs 375 people and plans to add 50 jobs within two years.
- Maplewood was awarded $1 million (of a total $23 million project) to build an interchange close to Hwy 36 and English Street.
- This project will increase safety and mobility to an underdeveloped area with the potential for employment and tax base growth, especially after the St. Croix River bridge is built.
- Windom was awarded $1.1 million (of a total $1.9 million project) to make improvements on Hwy 71 and to create an access road for the first phase of the North Windom Industrial Park.
- This project will allow Toro and General Sheet Metal Works to retain more than 700 jobs and add another 70 jobs over the next five years.
- Mille Lacs county was awarded $300,000 (of a total $625,000 project) to improve 2 miles of roadway in order to allow trucks to carry heavier loads.
- This project will benefit Hawkins Sawmill, a regional mill that processes hardwood for the cabinet and home-building industries.
- International Falls was awarded $657,400 (of a total $957,400 project) to construct the first phase of a multi-modal facility
Nexus Distribution is planning to build a warehouse and processing facility on this site. - 50 jobs are expected to be created in five years.
- Rice county was awarded $1.1 million (of a total $2.9 million project) in order to reconstruct 2.1 miles of County Road 76/Acorn Trail.
- This project will improve access to the Northern Industrial Park in Faribault and to developable properties north of Faribault along I-35.
- This project is estimated to create 150 jobs in the first two years and 300 jobs within five years
- Ramsey county was awarded $1 million (of a total $2.6 million project) to address traffic congestion along Lexington Avenue, adjacent to I- 694, by creating additional turn lanes and installing other upgrades.
- These improvements will benefit Boston Scientific, Land O’ Lakes, Smith’s Medical, IntriCon Corp., and other high-tech companies in the area.
City of Eden Prairie
- Eden Prairie was awarded $7.1 million (of a total $31.7 million project) in order to widen and reconstruct Shady Oak Road (County Road 61).
- This project will improve access to the Golden Triangle Area and City West business parks.
- The two business parks support more than 20,000 employees and 600 businesses.
- St. Louis Park was awarded $3 million (of a total $25 million project) in order to build a diamond interchange and roundabouts at Hwy 7 and Louisiana Avenue.
- This project will improve the area that contains Methodist Hospital, which recently added 1,900 jobs after a building expansion.
City of Jackson
- Jackson has tentatively been awarded $1.8 million (for a total $3.9 million project) in order to build a diamond interchange at I-90 and Hwy 34.
- This area is expected to experience significant industrial and retail development.
- This area expects to employ an additional 400-600 people by 2020.