Bussiness
Stewartville awarded $1.1M Business Development Public Infrastructure Grant from DEED
STEWARTVILLE, Minn. (KTTC) – The Minnesota Department of Employment and Economic Development (DEED) recently announced the communities selected for its Business Development Public Infrastructure Grant program, which includes the city of Stewartville.
Stewartville’s application for $1,055,000 was approved and will be used to support a number of infrastructure projects.
To support United Therapeutics’ (UT) addition to the Schumann Business Park, the City will collaborate with UT to create new public infrastructure to encourage future growth and development. The planned cost for the new road and utility extensions is $2,110,000, with awarded funds from DEED assisting in financing the project.
“The City is deeply grateful to DEED for the grant, which was made possible through the outstanding collaboration between City staff and the team at SEH,” said Finance Director Karla Strain. “This funding will drive continued growth and development within the Schumann Business Park, and we’re excited to see this project move forward.”
Overall project costs will consist of Sanitary and Storm Sewer, Water, Streets & Sidewalks, and engineering costs during construction.
“We are currently working with SEH in drawing up plans for construction and anticipate on going to bid sometime late January,” said Stewartville EDA’s Sandra Drees.
The City of Stewartville anticipates construction of the new roadway and utilities will begin the Summer of 2025
Find stories like this and more, in our apps.
Copyright 2024 KTTC. All rights reserved.