6/21/2023 11:30:00 AM
At today's Iron Range Resources & Rehabilitation Board meeting, approximately $920,000 in loans, $2.35 million in infrastructure grants and $568,000 in trails grants were approved to advance projects in northeastern Minnesota. Agency total investment for all projects combined is approximately $3.8 million. Total project investment is approximately $29.9 million. The projects are expected to increase the regional tax base, retain jobs and create construction jobs, provide essential services and expand outdoor recreation. The loans are anticipated to impact 90 jobs. The infrastructure projects are projected to impact 66 jobs and create 150 construction jobs.