Item Coversheet

*4.B.1.


Shakopee City Council
AprilĀ 19, 2022


FROM:Michael Kerski, Planning/Development Director
TO:Mayor and Council Members
Subject:

Congressionally Directed Spending Application for the Regional Innovation Hub

Policy/Action Requested:

Adopt Resolution R2022-063, approving a Congressionally Directed Spending application for the Regional Innovation Hub.

Recommendation:
Adopt Resolution R2022-063.
Discussion:

In March 2022 Congress announced the return of Congressionally Directed Spending (A/K/A Earmarks). Earmarks allow state legislators to request funds for important projects within their states and districts. Such funding
typically is used for projects relating to infrastructure, community programs, university research, hospitals and other local initiatives.

 

The City of Shakopee is applying for $3 million for the Regional Innovation Hub (The Hub); with a 50% match, the city is asking for $1.5 million in Congressionally Directed Spending.  In June 2020 the City of Shakopee completed a feasibility study for the proposed facility which concluded The Hub will centralize resources and opportunities for residents of Scott, Carver, Dakota, Hennepin, Rice, Le Sueur and Blue Earth Counties and will focus on building diverse pathways into the workforce, through apprenticeships, vocational training, higher education and entrepreneurship programs. It will function as an activity center, including space for co-working, entrepreneurs, commercial kitchen, events and both classroom and practical training. The Hub will be the first of its kind in Minnesota.

Budget Impact:

A 50% match ($1.5 million) is highly recommended to show the city's level of commitment to this project. The Regional Innovation Hub project is in the 2021 - 2025 Capital Improvement Plan (CIP BA-20-005), and the match is covered.

ATTACHMENTS:
Description
Resolution R2022-063
CIP-BA-20-005