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Community Investment Initiative

Place-based investments to accelerate economic revitalization

2023 Community Investment Initiative

Up to $500,000 will be available for projects in cities along the Blue Line Extension light rail transit corridor in 2023. Program guidelines for this round of funding will be available on this webpage in June, with applications due at the end of August. Funding will be awarded through a competitive selection process.

Who can apply

  • For-profit and non-profit developers
  • Community development corporations
  • Non-profit organizations engaged in commercial development
  • Cities
  • Economic development or housing authorities

Types of projects

CII funding can be used for capital costs for development, redevelopment, and/or expansion projects that provide business incubators; long-term affordable commercial space for a minimum of three businesses; or for organizations providing economic recovery and revitalization services. The program does not fund revenue loss, or individual business/organization projects that do not benefit multiple businesses or provide economic recovery services.

Program background

In August 2022, the Hennepin County Board of Commissioners approved $10 million in pandemic relief funding to eighteen projects that strengthen communities, accelerate economic recovery, and address disparities exacerbated by the COVID-19 pandemic. Over 79% of the funding was awarded to projects in low-income communities or communities of color, both in Minneapolis and suburban communities.  

Community Impact

  infographic showing impact of the Community Investment Initiative.

In total, the Community investment initiative also created 476,000 square feet of affordable spaces. Of the18 projects funded, seven were led by developers of color.

See all 2022 funding awards (PDF). 

Information and resources

View past program guidelines (PDF).

Feature story: Coliseum project highlights power of equitable development


Ryan Kelley