Tag Archives: economic development

deep north podcast

Deep North Podcast – Cans to Mini-Golf: The Creative Enterprise Zone and One Building’s Transformation

Artists in disguise inhabiting an abandoned factory in the creative enterprise zone An old factory on the Minneapolis St. Paul border has forgone its 20th century widgets for much different wares. Today coffee roasts, beer brews, drills grind, and golf clubs putt. The building’s new tenants embody the potential of creative enterprise and inspire the […]

Wyoming is Asking the Right Questions About Job Creation

It’s no longer news that business incentive programs are controversial. A landmark New York Times investigation back in 2012 found that state and local governments gave up more than $80 billion each year to companies. Further back but closer to home, a 2008 report from Minnesota’s Office of the Legislative Auditor concluded that the now-defunct […]

Eating Spam Downtown: A Story of Big Box Reuse

What to do with the empty boxes at the edge of town? The small town of Austin, Minnesota, was faced with this question. They had an answer. The largest employer in town, Hormel Foods, swept-in and transformed an empty K-Mart into something special. The Spam Museum is one-of-a-kind; there are no others. And, for this […]

A Look Inside Saint Paul’s 8-80 Vitality Fund

Ever since Mayor Chris Coleman introduced his 2015 budget in August, I’ve been anxious to learn more about the details of the Mayor’s proposal for a new $42.5 million “8-80 Vitality Fund”. Last week a list of projects were posted online in preparation for the City Council’s October 8th budget review session. I shared the list […]

Why did the New Markets Tax Credit Disappear?

At the end of July the CDFI Fund made data available about the last ten years of the New Markets Tax Credit (NMTC) program. Tax credits are a bit complicated. For a full explanation as to how the NMTC program works, the CDFI Fund has you covered. The basics are that Community Development Entities (CDEs) […]