|Public Release Date: February 7, 1997
The Department of Trade and Economic Development (DTED) is Minnesota's principal economic development agency. The department's mission is to employ all available state government resources to facilitate an economic environment that produces new job growth in excess of the national average, and to increase tourism revenues. DTED's primary goal is to promote the state's economic climate in both metropolitan and outstate economies.
Our audit focused on the Community Development Block Grant (CFDA #14.228). The Community Development Block Grant, which expended about $30 million in fiscal year 1996, was the only major federal program in the Statewide Single Audit scope. The primary objective of this program is to develop viable urban communities by providing decent housing and a suitable living environment and by expanding economic opportunities mainly for persons of low and moderate incomes.
We concluded that the Department of Trade and Economic Development complied with the general and program specific requirements for the Community Development Block Grant.