On Wednesday, members of the House Job Growth and Energy Affordability Committee heard testimony on two initiatives backed by the GMNP and Coalition of Greater Minnesota Cities.
First, the committee heard testimony on HF 653, authored by Rep. Bob Gunther (R-Fairmont), which would appropriate $15 million in state bonding funds to the Greater Minnesota Business Development Public Infrastructure (BDPI) Grant Program. BDPI is an extremely popular program that provides grants to cities of up to 50 percent of the capital costs of the public infrastructure required to expand or create new economic development projects. Due to its popularity, however, funding for BDPI is nearly depleted. Continue reading