CALL FOR APPLICATIONS: Main Street Economic Revitalization Grants Open in Downtown St. Cloud and Foley

The Greater St. Cloud Development Corporation (GSDC) is excited to announce that grant applications for the Main Street Economic Revitalization Program, funded by the Minnesota Department of Employment and Economic Development (DEED), will open on April 15, 2025. This funding opportunity aims to support economic revitalization efforts in downtown St. Cloud and Foley by providing a 30% matching grant to businesses and property owners investing in development, repair, and renovation projects.

GSDC was awarded funding through DEED’s Main Street Economic Revitalization Grant program to help enhance economic vibrancy in the region. This initiative will provide matching grant support for projects that stimulate business growth, enhance infrastructure, and drive long-term economic impact. Project awards will be announced later this summer.

“We are thrilled to launch this next phase of the revitalization grant program,” said NeTia Bauman, CEO & President of the GSDC. “This funding provides a unique opportunity for businesses and property owners to invest in their communities, create jobs, and enhance the appeal of our downtown districts.”

Application Information

Downtown St. Cloud Grant Program

Application Period: April 15-June 17, 2025

Details and application link: www.developstcloud.com/development-opportunities/downtown

Downtown Foley Grant Program

Application Period: April 15 - May 23, 2025

Details and application link: www.ci.foley.mn.us/

Eligible applicants include commercial property owners, businesses, and developers with projects that align with the program’s goals of economic revitalization, job creation, and community enhancement. Priority consideration will be given to projects that support economic growth, improve accessibility, and contribute to the overall vibrancy of the downtown areas. The City of St. Cloud plans to fund 3-5 projects with a maximum award of $199,000.

“We’re excited to launch this new round of MSER funding to further St. Cloud EDA’s goal to lead and facilitate downtown revitalization. Results from the first round were hugely successful in leveraging over $11-million in private investment, nearly $2-million in tax base generated, in addition to job creation in downtown St. Cloud.” said Cathy Mehelich, Economic Development Director of the City of St. Cloud..

The City of Foley plans to fund 1-2 projects with a maximum award of $37,600. “Foley is very excited to partner with GSDC on this grant opportunity. The Main Street program will continue to revitalize Foley and expand upon our already successful downtown façade program.” said Sarah Brunn, City Administrator of the City of Foley.

For more information on eligibility, funding guidelines, and how to apply, contact Leslie Dingmann, Business Development Director at the GSDC at (320) 493-9003.