Perham awarded $900,000 for economic development
Perham received $912,500 for owner-occupied housing and commercial rehabilitation.
Perham was recently successful in its search of economic development funding.
On Friday, Sept. 3, the Minnesota Department of Employment and Economic Development announced the Small Cities Development Program would be awarding grants totaling $19,054,650 for infrastructure and rehabilitation projects in 32 Minnesota cities. These will pay for rehabilitating housing and commercial buildings as well as updating public infrastructure in small cities and counties.
“As Minnesota’s economy recovers from COVID-19, these grants help small communities in Greater Minnesota make critical improvements to their housing and public infrastructure,” said DEED Commissioner Steve Grove. “These are important investments in cities and towns across the state to help them thrive and grow.”
Perham's economic development director, Nick Murdock, said the city applied for three types of funding through DEED’s Small Cities Development Program: owner-occupied housing rehabilitation, renter-occupied housing rehabilitation and commercial rehabilitation. The town received $912,500 for owner-occupied housing and commercial rehabilitation.
"Our goal with these funds is to assist in the rehabilitation of 16 single-family homes in Perham and ten commercial buildings in downtown Perham," Murdock said. "Once we finalize our grant award paperwork and go through all the necessary training, we will be able to start administering funds."
The city's timeline for receiving applications isn't currently known, but they hope to start the program in winter 2021. Residents and businesses can apply directly to the city of Perham for funds.
"The Small Cities Development Program is a great way for smaller communities to make a positive impact on aging residential and commercial buildings," Murdock said. "We are thankful that the State of Minnesota and DEED continue to support and administer this program."
Elizabeth, another Otter Tail County town, was awarded $600,000 in the first round of SCDP grants on May 24.
Projects must be completed within 30 months. Extensions due to extenuating circumstances must be requested four months in advance. You can find out more about SCDP grants on the DEED website .