Frey, work group present recommendations for economic recovery in Minneapolis
Minneapolis Mayor Jacob Frey, as well as leaders of the Inclusive Economic Recovery Work Group, presented recommendations regarding strategies for an inclusive economic recovery due to events from the past two years.
The recommendations were made by Frey, as well as PJ Hill and Adam Duininck, co-chairs of the work group, during a news conference Monday at 10:30 a.m. You can watch the full news conference in the video player above.
Frey said some of the key areas he wanted to highlight include the commercial property development fund, ownership of residential – specifically the Homes program that is in Minneapolis – and preservation of naturally occurring affordable housing.
Frey went on to say the recommendations will be used and utilized in a combination of funding from the second phase of the American Rescue Act, as well as the 2023 budget.
Hill said they didn’t want to reinvent the wheel, but wanted to build off recommendations previously made, and bring it to another level.
The group was formed in November 2021 to provide recommendations and strategies for inclusive economic recovery in the city due to the COVID-19 pandemic and civil unrest in 2020.
CLICK HERE to read the group’s full report.