Progress to date
Strengthening economies and building prosperity
In 2012, Corridors of Opportunity and the Central Corridor Funders Collaborative funded technical assistance to 353 Central Corridor businesses, 9 façade improvement grants for 15 businesses, and business expansion loans for 7 businesses. In 2012, the Neighborhood Development Center trained 41 emerging entrepreneurs along the planned Southwest and Bottineau LRT corridors.
Engaging historically under-represented populations
The Community Engagement Team awarded $750,000 in grants to 19 community-based organizations to engage under-represented populations. The team’s work reached more than 20,000 people, and 1,000 are actively engaged.
Making it an easier and higher priority to develop along transitways
In 2011 and 2012, the partners have leveraged more than $5.4 million in funds and realigned or re-purposed more than $36 million to support Corridors goals.
Investing in new development and preserving affordability
Grant and loan resources are expected to produce up to 1,362 housing units (36% will be affordable), up to 190,000 square feet of commercial space, and 2,147 new jobs.
Changing practices and systems
Corridors of Opportunity partners are looking to make lasting changes to support transitway development. Among them: leading pre-development roundtables with developers and funders/lenders to help advance TOD projects during the early stages of a project; and establishing new processes that link transit engineering considerations with land-use planning.
Central Corridor Business Resources Collaborative • City of Eden Prairie • Regional Council of Mayors • City of Minneapolis • City of Saint Paul • The Cornerstone Group • Counties Transit Improvement Board (CTIB) • Family Housing Fund • Hennepin County • The Itasca Project • City of Apple Valley/Livable Communities Advisory Committee • Twin Cities Local Initiatives Support Corporation (LISC) • The McKnight Foundation • Metropolitan Consortium of Community Developers • Metropolitan Economic Development Association (MEDA) • Metropolitan Council • Minnesota Department of Employment and Economic Development (DEED) • Minnesota Department of Transportation (MnDOT) • Minnesota Housing • Neighborhood Development Center • Ramsey County • Summit Academy OIC • The Saint Paul Foundation • Twin Cities Community Land Bank • University of Minnesota • Urban Land Institute of Minnesota • The Community Engagement Team, led by Alliance for Metropolitan Stability, Minnesota Center for Neighborhood Organizing and Nexus Community Partners