Established in 2010, the Transportation Economic Development Program provides competitive grants to construction projects on state highways that provide measurable economic benefits. The Minnesota Department of Transportation, in partnership with the Minnesota Department of Employment and Economic Development, administers the program. DEED administers a parallel Transportation Economic Development Infrastructure (TEDI) program that funds projects on local roads and for other types of transportation. Projects may combine funding from both programs.
The TED program specifically targets transportation improvements that will lead to measurable economic benefits. For a project to be eligible, it must contribute to job creation or retention or another measurable economic benefit. Eligible applicants are any governmental entity as defined by state law.
The TED program will provide funding for up to 70 percent of the total transportation infrastructure cost of the project or the state’s maximum allowable share as determined by MnDOT’s cost participation policy or MN State Statute 174.12 Subd. 7, whichever is less.
The next application round of the TED program is tentatively scheduled for summer 2017.