U.S. Bank Provides $5M in Construction Financing for Learning Center in St. Paul

ST. PAUL, MINN. — U.S. Bancorp Community Development Corp. has provided $5 million in construction financing for Junior Achievement of the Upper Midwest’s new learning center in St. Paul’s Midway district. The 50,000-square-foot facility will double the organization’s teaching capacity to 34,000 middle and high school students each year. The federal New Markets Tax Credit from U.S. Bank is part of Junior Achievement’s $20 million fundraising effort. The new center will house a business incubator for high school student entrepreneurs, a telecommunications and distance-learning hub to teach students across three states and better public transportation access via the Green Line. Completion is slated for this November. The organization currently operates out of Maplewood, Minn.