STAFF BLOG TWIN PORTS BUSINESS Essar Steel gets grant money
The Essar Steel plant in Nashwauk will receive a $1.4 million grant to bring water and sewer service to the site.
The grant from the Economic Development Administration will help lay the foundation fo... Posted on 1/7/10 at 10:52 AM
Essar Steel Minnesota and the Minnesota Department of Natural Resources will hold an informational meeting next week to discuss the Environmental Impact Statement for Essar’s proposed mine at Nashwauk.
Essar Steel officials told Sen. Amy Klobuchar that — despite unknown future financing sources — the India-based company is still committed to the construction of an iron ore pellet and slab steel plant near Nashwauk.
The Hibbing area has the highest jobless rate of any city in the state. Mining accounts for only 3 percent of the jobs in St. Louis County, but a recent study gives the industry credit for one-third of St. Louis County’s gross regional product.
On Tuesday, 67 Minnesota school districts, including Nashwauk-Keewatin District 319, are proposing referendums requesting additional funding. Nashwauk-Keewatin’s referendums request an increase of general-education revenue by $1,300 per pupil.
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