The Hennepin County Housing and Economic Development is accepting applications for its Community Investment Initiative (CII).
Donor Name: Hennepin County Housing and Economic Development
State: Minnesota
County: Hennepin County (MN)
Type of Grant: Grant
Deadline: 05/26/2022
Size of the Grant: $300,000 to $950,000
Grant Duration: 2 years
Details:
The CII supports capital costs for projects that benefit businesses, business districts, and communities disproportionately impacted by COVID-19 and that advance long-term economic recovery through two general types of projects that:
- Provide long-term affordable commercial space or ownership opportunities to multiple businesses
- Assist negatively impacted non-profit organizations providing job training, entrepreneurship development, or youth training services to these areas
Funding Information
- A total of up to $10,000,000 is available. Awards will be made in the form of a grant and are anticipated to range from $300,000 to $950,000 for individual projects.
- Approved costs must be incurred within 24 months of award date; deadline for reimbursement request is December 1, 2024.
Who can apply?
Eligible applicants include:
- Cities or their economic/housing/development authority
- For-profit and non-profit developers, community development corporations, non-profit organizations engaged in commercial development
- 501(c)(3) and 501(c)(19) non-profits that provide entrepreneur support resources, job training, youth career training or youth entrepreneurship opportunities, and/or create jobs as part of their expansion
Ineligible applicants include educational institutions such as public or private primary or secondary schools, institutions of higher education; day care providers; parks and recreation departments or agencies; public libraries; nonprofits that earn revenue like a business; and fitness or sports facilities.
For more information, visit Community Investment Initiative.
