Today is Deadline for Bonding Applications 09 Jul 12

(St. Paul, MN) — More than 30 projects across Minnesota are vying for 47-million dollars in state bonding money as today’s application deadline looms. Rochester, Saint Cloud and Mankato want money to upgrade their convention centers; Saint Paul wants a new Saints ballpark; and dozens of other projects are in the running.

Kim Isenberg with the state Department of Employment and Economic Development says applications will be judged on 11 criteria: A big factor is jobs; another is whether the project increases the local tax base. Isenberg says how soon the funds will be awarded depends on how long it takes to evaluate the applications, but the goal is to make announcements in early September.