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City of Mpls committed to Northside economic growth projects

Jobs, housing, support services for local residents is top priority for CPED

By Charles Hallman

Staff Writer


The City of Minneapolis has recently committed to help businesses and affordable housing growth in North Minneapolis, according to their Community Planning and Economic Development (CPED) office. The MSR spoke in-depth with CPED Director Cathy Polasky, who described their level of financial investment. “We actually spend a lot of time and resources in North Minneapolis. During the recession and following the [2011] tornado, we were making a lot of small loans to help people stay in business or fix up damage, and now we are seeing [Northside] businesses at the point where they are expanding.”

CPED last year “invested” almost $4 million or 45 percent of the department’s total budget in Northside services as Northside Economic Opportunity Network (NEON) and nearly $3 million dollars in housing projects as well, Polasky announced. “We are looking at developing properties, and we also are looking to businesses that are likely to have job opportunities for Northside residents,” she explained. Continue Reading →

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