Better Have My Money

Good news! Some Minnesota projects have secured a nice chunk of federal funding in the 2023 fiscal year. We’re talking millions. 

Here’s Five Fast Facts About New Federal Funding:

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1. 💸 Lucky 7 - A total of approximately $7M is going towards workforce development programs for manufacturing and transportation, along with new energy facilities, medical research, and essential health facility upgrades.
2. 💰 Where? - The projects are all centered in Rochester, Austin, and other Southeast Minnesota communities.
3. 👂 Earmarky-mark - The grants were made available through Congressionally Directed Spending. You might also know it as earmarking. But before you flip out, it’s a positive example of the process. The money can only go to non-profit entities to carry out a specific project they listed on the application. 
4. ♻️ The Big R - Get ready for a nosebleed (you know who I’m talking to): $2M of that money is going toward renewable energy projects.
5. 🗓️ Here it Comes - Recipients will see the money rolling in over the next few months.

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🔥Bottom line: These projects are all designed to help improve our state’s future. From skilled new workers to important healthcare development (and yes, to renewable energy), none of this is technically a bad thing. Why it’s only centered on the southeast part of the state is kind of weird, but it could be just a drawback of the application process.

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How do you feel about the recipients?

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What do you think of the program? Let us know by connecting with us on Facebook and Instagram! Also, remember to share this newsletter with your friends & coworkers!

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