MINNEAPOLIS, MINNESOTA

A. Zone Vital Statistics:

1. Population of the Most Populous City: Minneapolis - 368,383
2. Zone Population: 46,977
3. Approximate Zone Size: 7 square miles
4. Poverty Rate: 40%
5. Unemployment Rate: 14%
6. Education: 33% of Zone residents, over age 25, lack a high school diploma

B. Estimated Number of Jobs Created or Retained: 7,000

C. Proposed Leveraged Commitments: $2 billion

1. Public Sector: $1.3 billion
2. Private Sector: $700 million

• Fannie Mae
• Community Reinvestment Fund
• US Bankcorp
• Franklin National Bank
• Greater Minneapolis Chamber of Commerce
• Norwest Corporation
• Riverside Bank
• Western Bank

E. List of Other Key Partners:

• Children's Defense Fund, Minneapolis
• Habitat for Humanity
• Minnesota Council of Non-Profits
• Minnesota Council on Foundations
• NAACP
• United Way
• Urban League of Minneapolis

F. List of Developable Sites:

• Census Track 42
• Southeast Minneapolis Industrial Area (SEMI)

Content Archived: January 20, 2009