Minnesota Data and Stories

State Fact Sheet

Map of Selected Projects in Minnesota

Community Testimonials

The New Markets Tax Credit program has been and continues to be instrumental in our ability to continue to provide the maximum value for the milk of our members, while ensuring we are building a cooperative that will be here for future generations. The Community Development Entities that partner with us understand the need to support our farmers and building for the future. They are wonderful partners in our mission of long-term success and service to our farmer owners.

-Chris Freeman, CFO of Bongards

Selected Projects in Minnesota

Quincy Street Brickyard

Minneapolis,
MN
(2017)

Business Development, Community, Incubator, Manufacturing, Mixed-use, Restaurants and Catering, Retail, Retail and Commercial

CDE(s): University Financial Corp.

Former Permitite adhesives manufacturing facility converted into a adaptive mixed-use in NE Arts District..

Viracon Glass

Owatonna,
MN
(2016)

Business Development, Manufacturing, Rural

CDE(s): CEI Capital Management, Wells Fargo

When it comes to architectural design, glass is big, and it’s only getting bigger.

Open Cities Healthcare

St. Paul,
MN
(2016)

Community, FQHCs, Healthcare

CDE(s): University Financial Corp.

Recognizing the need to expand services along the Rice Street corridor, OCHC purchased a building at 916 Rice and has renovated and opened its second clinic.

Highlight Center

Minneapolis,
MN
(2015)

Beverages, Business Development, Community, Food Manufacturing, Incubator, Manufacturing, Restaurants and Catering, Retail and Commercial

CDE(s): University Financial Corp.

The transformation of a brick building at 807 Broadway Street in Northeast Minneapolis into modern-day business park.

800 West Broadway Workforce Center

Minneapolis,
MN
(2015)

Community, FQHCs, Healthcare, Mixed-use, Mixed-use and Commercial, Retail, Vocational Training

CDE(s): University Financial Corp.

NMTC financing renovated 800 West Broadway, a highly visible and blighted structure in an economically struggling area of North Minneapolis.

East Side Food Co-Op

Minneapolis,
MN
(2015)

Grocery and Fresh Food, Retail, Retail and Commercial

CDE(s): Self-Help

The NMTC helped a food co-op expand and provide greater access to healthy food in a USDA food desert.

Midway YMCA

Saint Paul,
MN
(2015)

Community, Daycare and Early Childhood, Recreation, YMCAs and YWCAs, Youth and Families

CDE(s): Capital City Properties, University Financial Corp.

NMTC financing supported the new Midway YMCA building.

Amino Plus Production

Dawson,
MN
(2013)

Business Development, Manufacturing, Rural

CDE(s): Local Initiatives Support Corporation, Midwest Minnesota CDC, USBCDE

Extensive upgrades and improvements to AGP's existing soy processing plant in Dawson, MN, a 1,500-person community in southwest Minnesota

Twin Cities Habitat for Humanity Headquarters

Saint Paul,
MN
(2013)

Affordable Housing, Community, Habitat for Humanity, Housing

CDE(s): University Financial Corp.

Twin Cities Habitat for Humanity built a new headquarters building to house its staff, coordinate volunteers and provide space for educational and advocacy programs.

Izzy’s Ice Cream

Minneapolis,
MN
(2012)

Business Development, Food Manufacturing, Manufacturing, Retail

CDE(s): University Financial Corp.

A purpose-built ice cream kitchen designed by award-winning Minnesota architect David Salmela - is taking shape across and up the Mississippi in a lot just across Gold Medal Park from