ABOUT THE FUND
Formed by the Minneapolis Foundation, the community-based Restore-Rebuild-Reimagine Fund started with a $5 million challenge grant from the Delta Dental of Minnesota Foundation. It has since received millions more in donations from Target Corporation, the Donaldson Foundation, Mortenson, and many others. The RRR Fund can assist with certain exterior repairs and security upgrades. Businesses/properties applying for assistance must have an address located on either Lake Street or West Broadway Ave in Minneapolis or University Ave in St. Paul.
Funds are allocated via the RRR Fund Oversight Committee. Members of the committee include business owners from each corridor. Whenever possible, the RRR Fund utilizes local Women and Minority-Owned Businesses (WMBEs) to execute the work along each corridor.
121 building/property owners assisted
$7.4M in approved funding
$62K average cost per property
20 WMBE partners
CONTACT Russell Betts
Philanthropic Advisor, Minneapolis Foundation