The Transportation Economic Development (TED) Program is a joint effort of the MN Department of Transportation and the Department of Employment and Economic Development. The program’s purpose is to fund construction, reconstruction, and improvement of state and local transportation infrastructure in order to promote economic growth through the preservation or expansion of an existing business or development of a new business.
The Road to Job Creation Funding
Since TED was established in 2010 the program has invested $56 million in 24 projects statewide.
In 2012, there were 29 funding requests and 14 projects were funded for a total of 3 million coming from TED funding.
TED has helped to:
- Create and preserve jobs
- Improve the state’s economic competitiveness
- Increase the tax base
- Accelerate transportation improvements to enhance safety and mobility
- Promote partnerships with the private sector
Windom: North Windom Industrial Park, improvements on Highway 71 and an access road, Spring 2013, TED grant totaling
$545,000, TED funding is 1 of 5 funding sources for the project
Jackson: A diamond inter-change is proposed at Interstate 90 and Highway 34, tentatively approved, but a rescoping of the
project involving the city, MnDOT, and Federal Highway Administration is occurring.
- This initiative will leverage $35 million in local private investment.
- By helping businesses succeed and expand, this program will increase the statewide tax base and bring in an estimated $10 million in additional state revenue.
- In just two years, the TED program has created and retained over 7,000 Minnesota jobs.
CIMS is a corridor based initiative that brings MnDOT together with its local, modal, and state partners to identify opportunities for collaborative and innovative investment. Through CIMS, the MnDOT plans to fund trunk highway projects with the greatest potential to improve…quality of life, economic competitiveness, and environmental health.
There is a strong emphasis on building and maintaining a sustainable transportation system.
Corridor Investment Management Strategy CIMS Funding. As part of the overall CIMS initiative and consistent with the Minnesota GO Vision, MnDOT anticipates having $30 million for a competitive solicitation in 2013 to fund trunk highway projects that improve quality of life, environmental health, or economic competitiveness.
CIMS is an opportunity to apply Minnesota’s Towards Zero Deaths (TZD) approach at a corridor level. TZD is an initiative that brings together the four “E’s” to create a culture for which fatalities and serious injuries are no longer acceptable.
- Emergency Medical and Trauma Services
Project Proposal Criteria Multimodal Impacts
- Includes Complete Streets treatment
- Improves transit service, rail service (freight or passenger), access to airport/port/intermodal facilities, or conditions for pedestrians, bicyclists or other trail users