[Mpls] Economic development ideas are welcome

[Peter Wiley]

I am a member of Cleveland Neighborhood's Economic Development Committee. 
We are in the process of brainstorming ways to use our allocated NRP money 
to develop economic opportunities in our neighborhood in North Mpls. We 
expect that we will be offering small, matching grants to neighborhood 
businesses who wish to improve their signage or the facade of their store 
fronts. With the remaining NRP money, we have considered offering some sort 
of microloan program for start-up costs to business entrepreneurs who want 
to open in our neighborhood, but we are unsure whether our NRP funds would 
offer a significant enough incentive to attract stable businesses.

My fellow committee members and I are very interested in hearing what other 
neighborhood organizations in Minneapolis have done with their NRP money to 
encourage economic development in their neighborhoods (especially in North 
Minneapolis neighborhoods). We are estimating that we'd have approximately 
$75,000 to use on the econ. development project.

Any suggestions and ideas will be appreciated.

Peter Wiley
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