Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
MMB says Minnesota has secured about $12.3 billion in federal infrastructure awards; highlights direct pay and state green bank progress
Summary
Minnesota Management and Budget told the Capital Investment Committee the state is tracking roughly $12.3 billion in IIJA/IRA/CHIPS funds (announced and obligated), described tools to pursue direct pay for tax-exempt entities, and noted the Minnesota Climate Innovation Finance Authority has started issuing loans.
Minnesota Management and Budget officials told the Capital Investment Committee on March 18 the state is tracking about $12.3 billion in federal infrastructure and clean-energy funds related to the Infrastructure Investment and Jobs Act, the Inflation Reduction Act and CHIPS.
Leah Corey, enterprise director for federal funds implementation at MMB, said the $12.3 billion figure includes both announced and obligated awards and estimated formula allocations through fiscal year 2026. "Since then, we have secured an additional $3 billion in funding that's going to support 1,800 discrete projects across the state," she said, describing a total of roughly $12.3 billion that includes obligations and announced awards.
Corey explained that announced awards are…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
