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• CI~IAPTER 17 <br />H. Department of Trade and Economic <br />Development <br />Minn. stet. gyn. t1GJ. The Minnesota Dept. of Trade and Economic Development (DYED) is the <br />For more information contact p~ary development agency for Minnesota. DYED staff is responsible for a <br />MDTED at 500 Metro Square wide range of grant and loan programs, as well as for providing technical <br />Building, 121 East Seventh assistance to businesses and communities. <br />Place, St. Paul, MN 55101-2146, <br />(651) 297-1291 or (800) 657- <br />3858, or visit their web site at: <br />http:/hvww.dtedstate.mn.us/O 1x0 <br />Ofasp <br />Minn. star. §§ 16J.411 to DYED also provides grants for contamination cleanup and redevelopment <br />16J.42a. and redevelopment, administers the rural development program, makes <br />The Center for Rural Policy and challenge grants to regional organizations to encourage private investment <br />Development may be contacted at ~ rural areas, and administers a revolving loan fund to provide loans to new <br />120 Alumni Foundation Center, <br />Mankato, MN (507) 389-2599 and ex andin business 1n rural Minnesota. Local overntnent units <br />p g g <br />or visit their web site at: i11C1uding Cities, may receive these loans if the community has established a <br />http:/hvww.mankato.msus.edu/de local reviving loan fund and can provide at least an equal match to the loan <br />pt/ruralmn/ <br />received. <br /> I. Minnesota Technology, Inc. <br />Minn. scat. gyn. t 160. Minnesota Technology, Inc. (MTI) is a public corporation of the state <br /> created by the Legislature in an attempt to combine the best features of a <br /> private development corporation and a governmental development agency. <br /> MTI's purpose is to foster long-term economic growth and job creation <br /> while using the existing development infrastructure. <br />Minnesota Technology, Inc.'s MTI focuses on applied research and technology transfer and early stage <br />main office is at 11 13 Avenue <br />South, Minneapolis MN 55401 futldin for small manufacturers. MTI ma rovide financial assistance, <br />g y p <br />(6l2) 373-2900 or (soo) 32s- including loan guarantees, direct loans, interest subsidies, equity <br />3073, or visit their web site at investments <br />and joint ventures. <br />http://www.mi nnesotatech nology. , <br />org/about/contact.asp?C=7 <br />III. Programs <br />A. Housing bonds <br />Minn. star. ch. 4e2c. Cities may use revenue bonds for financing single- and multi-family <br />housing, primarily for the benefit of low- and moderate-income families. <br />The law contains single- and multi-family housing criteria and the specific <br />actions cities must take to comply with the law. Federal law limits the <br />issuance of housing revenue bonds. Bonding authority is allocated by a state <br />formula. <br />IiANDB00K FOR MINNESOTA CTCIFS 17-1 I <br />~~ <br />