Loveland Feed & Grain building restoration gets boost from $862,577 federal grant

LOVELAND — An $862,557 grant from the federal government will help Minneapolis-based Artspace Projects Inc. continue its rehabilitation of the historic Feed & Grain building in Loveland into a creative arts business incubator.

The grant, announced Monday by the U.S. Commerce Department’s Economic Development Administration, will help restore the 120-year-old structure at 130 W.Third St. and turn it into Artspace Loveland, which will create 27 jobs, save an additional 22 jobs and help the community rebuild after devastating floods in 2013, according to a government statement.

Artspace, which creates arts incubators nationally, last year announced that it was building a combined artist…