Mankato, MN, February 27, 2025 – The Greater Mankato Growth, Inc. (GMG, Inc.) Foundation has been awarded an additional $750,000 through the Department of Employment & Economic Development (DEED) Main Street Economic Revitalization Program (MSERP). This award follows a previous award of $2 million made available in 2022. The Round 1 funding supported 34 projects in Greater Mankato with grants of up to 30% of the construction cost. These funds have already leveraged over $27 million in additional private capital investment and are anticipated to leverage a further $29 million as projects are completed.
GMG, Inc. foundation will serve as the fiscal host of these funds which will be subgranted to businesses via a competitive application process within three commercial corridors viewable here: MSERP – Corridor Boundaries. New to this round, Madison Lake businesses are now included in the corridor boundaries.
Additional eligibility instructions and application information can be found at: Main Street Economic Revitalization Program – Greater Mankato.
Della Schmidt, President & CEO of Greater Mankato Growth, Inc., shared, “Being selected again to administer this grant and securing an additional $750,000 to support development and redevelopment needs throughout main corridors in our region is incredible. We are excited to see the continued impact these grant dollars will have on area businesses. We appreciate DEED’s ongoing support in the Greater Mankato region and the many area stakeholders who have partnered—and will continue to partner—to help distribute these funds.”
David Krause, Chair of Greater Mankato Growth, Inc. and the Greater Mankato Growth Foundation Boards, said, “The additional $750,000 award for the Main Street Economic Revitalization Program enables our region to build on the success of the $2 million awarded in 2022. This program underscores GMG’s dedication to regional development through collaboration and partnerships that align with our mission.”
Projects awarded funds by Greater Mankato Growth include:
| Business Name | Amount Awarded | City |
| Arch & Cable Hotel (Hospitality Ventures, LLC) | $80,000 | Mankato |
| Axis Lofts (Old Town Holdings, LLC) | $80,000 | Mankato |
| Carnegie Art Center (Mankato Area Arts Council) | $25,950 | Mankato |
| CLM Partners LLC | $175,000 | Mankato |
| Coratel (Desai Hospitality LLC) | $108,000 | Mankato |
| Crumbl Mankato (Happy People LLC) | $90,659 | Mankato |
| Dairy Queen West (Kato Kones, LLC) | $15,000 | Mankato |
| DeMars Construction | $80,000 | North Mankato |
| Elevate 22 (Advance Properties LLC) | $80,000 | Mankato |
| Four Seasons Mall | $39,000 | St. Peter |
| Freedom Security & Surveillance | $70,000 | Eagle Lake |
| Frey Salon & Spa | $6,000 | St. Peter |
| Gafa LLC | $10,000 | Nicollet |
| KC Grove, LLC | $12,000 | Mankato |
| Landmark Apartments LLC | $80,000 | Mankato |
| LocAle Brewing Company, LLC | $26,738 | Mankato |
| LocAle Brewing Company, LLC | $16,000 | Mankato |
| MAH BKS, LLC | $80,000 | Mankato |
| Mankato Packaging | $29,000 | North Mankato |
| Menari Bodyworks | $70,000 | Mankato |
| Nicollet Lodge #54 | $18,000 | St. Peter |
| Nicollet Plaza (Turton Holdings, LLC) | $75,000 | St. Peter |
| Northside Hair Co | $2,703 | North Mankato |
| Plaid Hat Properties, LLC | $175,000 | St. Peter |
| River Rock Building (YCDHT, LLC) | $5,760 | St. Peter |
| River Rock Coffee | $19,410 | St. Peter |
| River Rock Kitchen and Baking Co | $3,465 | St. Peter |
| Ryan Property Services, LLC | $5,000 | Lake Crystal |
| Spinners Bar & Grill | $15,000 | North Mankato |
| Swedish Kontur Imports | $28,348 | St. Peter |
| The Silos, LLC | $167,430 | Mankato |
| Titan MKT | $80,000 | Mankato |
| United Team Elite (NGSW Properties, LLC) | $95,000 | North Mankato |
| Volk Transfer/Volk Investment | $50,000 | Mankato |
GMG will be working with Region Nine Development Commission (RNDC) as they help support the selection process for award decisions. The Small Business Development Center will provide technical assistance to applicants and the Blue Earth County Library will provide digital application support for applicants who need assistance with the online application submission process. Additionally, the Cities of Mankato, North Mankato, Saint Peter, Eagle Lake, Lake Crystal, Madison Lake, Nicollet, and Courtland, Blue Earth County, Nicollet County, and the St. Peter Chamber of Commerce will assist with outreach and marketing support.
This grant award could not have been possible without the participation of this wide range of community partners. GMG offers special thanks to the City of Mankato and RNDC for their assistance in the grant design process in both the original application and this new one.
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About Greater Mankato Growth
Greater Mankato Growth, Inc. (GMG) is comprised of four business units: Greater Mankato Growth, the regional chamber of commerce and economic development organization; Visit Mankato, the local destination management organization; City Center Partnership, a downtown development organization; and GreenSeam, which utilizes agriculture to build on the region’s extensive agribusiness assets to develop the ag economy.
Contact:
Ryan Vesey
Business Development Director
[email protected]
507.385.6644
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