Applications are now open for the Main Street Economic Revitalization Program grants through the Greater Mankato Growth, Inc. (GMG) Foundation.
Donor Name: Greater Mankato Growth, Inc. Foundation
State: Minnesota
County: Blue Earth County (MN), Nicollet County (MN)
Type of Grant: Grant
Deadline: 06/01/2025
Size of the Grant: $100,000 to $500,000
Grant Duration: Grant Duration Not Mentioned
Details:
This is a state-funded initiative through the Department of Employment & Economic Development (DEED) intended to provide grants for capital improvement projects in commercial corridors across the state. Projects resulting in the development, redevelopment, renovation, or repair of buildings are eligible for funding under this program.
Funding is available to anyone who has plans to invest in an eligible project per the requirements listed below. Priority will be given to business owners or developers from underserved populations including Black, indigenous, and people of color (BIPOC) individuals, LGBTQI individuals, women, veterans, individuals with disabilities, low-income individuals, and individuals living in rural communities.
Funding Information
- Foundation has $721,153 to grant out.
- Grants between $5,000 and $175,000.
Eligible Expenses
Businesses can receive a grant for up to 30% of the total project cost. Eligible expenses include:
- Repair, or renovation of real property
- Building construction
- Landscaping and streetscaping
- Demolition and site preparation
- Predesign and design
- Engineering
- Non-publicly owned infrastructure
- Related site amenities.
Eligible Projects
The following are some examples to give you an idea of whether a project is eligible. Not all eligible projects will receive funding. Some types of projects that are not listed below may be eligible.
- Development:
- Building a new structure on previously vacant land.
- Adding additional space onto an existing structure.
- Redevelopment:
- Demolishing an existing structure and constructing something new
- Repurposing an existing structure to find a new use
- Renovation:
- Making an improvement to a building façade (storefront)
- Remodeling the interior of a building
- Remodeling a doorway or building a ramp to improve ADA compliant accessibility
- Repair:
- Repairing a leaking roof
- Fixing broken windows or doors
- Resolving a safety concern:
- Adding fire suppression/sprinklers
- Replacing a damaged HVAC system.
Eligibility Criteria
Business owners or developers with property located in Blue Earth or Nicollet County who have projects located within a 10-minute walking distance of in one of the three commercial corridors linked below and have plans to develop, redevelop, renovate, or make repairs to their property are eligible to apply. Projects that make an investment in preparation for a future project can apply to cover any of the eligible expenses listed above.
For more information, visit DEED.
