TED Program | About
About the TED Program
Established in 2010, the Transportation Economic Development Program provides competitive grants to construction projects on state highways that provide measurable economic benefits. The Minnesota Department of Transportation, in partnership with the Minnesota Department of Employment and Economic Development (DEED), administers the program. DEED administers a parallel Transportation Economic Development Infrastructure (TEDI) Program that funds projects on local roads and for other types of transportation. Projects may combine funding from both programs.
Eligibility
The TED Program specifically targets transportation improvements that will lead to measurable economic benefits. For a project to be eligible, it must contribute to job creation or retention or another measurable economic benefit. Eligible applicants are any governmental entity as defined by state law. The TED Program will provide funding for up to 70 percent of the total transportation infrastructure cost of the project or the state’s maximum allowable share as determined by MnDOT’s cost participation policy or MN State Statute 174.12 Subd. 7, whichever is less.
Maximum Award
The maximum award provided to any project is up to 70% of the total transportation infrastructure cost or the state’s maximum allowable share as determined by the MnDOT cost participation policy or Minnesota State Statute 174.12 Subd. 7, whichever is less.
Projects
Proposed project must have a trunk highway purpose. It must improve, enhance, or modify a state trunk highway or highway right of way. Projects may do more than improve the trunk highway, but this program can fund work only on the trunk highway and trunk highway right of way as specified in MnDOT’s Cost Participation Policy for Cooperative Construction Agreements.
New or Modified Interchanges on Interstates
Eligible applicants looking to apply for new or modified interchanges on interstates should consult with the Federal Highway Administration Minnesota Division before submitting a TED application.
Measurable Economic Benefits
This program is for improvements that lead to measurable economic benefits. Projects must contribute to job creation, job retention, or another measurable economic benefit and will be scored accordingly. Housing development cannot be the primary beneficiary of the project.
Match Requirement
Applicants are required to identify other public and/or private funding sources that will be leveraged to contribute to the transportation construction cost of the proposed project. The TED program will provide funding for up to 70 percent of the total transportation infrastructure cost of the project or the state’s maximum allowable share as determined by MnDOT’s cost participation policy or MN State Statute 174.12 Subd. 7, whichever is less.
Applicants are strongly encouraged to consult with their MnDOT District office in deriving appropriate cost share estimates.