Destination Medical Center Economic Development Agency (DMC EDA) has been awarded $750,000 in funding for a third round of the Main Street Revitalization Grant program. The funds, awarded by the Minnesota Department of Employment and Economic Development (DEED), will support economic development efforts in the DMC District and the Lowertown neighborhood.
DMC EDA will work closely with DEED in the coming weeks to prepare for program administration, with an anticipated launch in early April. More details, including application guidelines, will be made available on the DMC Main Street Grant website.
“Main Street businesses are an important part of Rochester’s economy. They create jobs and contribute to the unique character of our city,” said Patrick Seeb, Executive Director of DMC EDA. “This funding will allow us to continue supporting business owners as they invest in their spaces, attract customers, and build a thriving community.”
DEED awarded a total of $6.2 million in this round to nine organizations across Minnesota. In the first two rounds, DMC EDA distributed nearly $4 million to more than 70 businesses and organizations. The program has already had a significant impact—creating 300 permanent jobs and helping to fill 22 vacant storefronts in Rochester.
The Main Street Economic Revitalization Grant program is designed to provide matching grants for business property improvements, renovation, and development, helping to ensure Rochester remains a vibrant and attractive place to live, work, and visit.
Click here for more information on the third round of funding for the Main Street Economic Revitalization Grant program.
