IRRR Board awards $15.6 million in economic development funding in Northeastern Minnesota

IRRR Board awards $15.6 million in economic development funding in Northeastern Minnesota Main Photo

6 Apr 2022


News, Arrowhead Electric Cooperative, Cooperative Light & Power, Dakota Electric Association, East Central Energy, federated rural electric association, Itasca Mantrap Cooperative Electrical Association, kandiyohi power cooperative, Lake Country Power, Lake Region, mcleod cooperative power association, meeker coperative, Mille Lacs Energy Cooperative, Minnesoota Valley Electric Cooperative, runestone electric association, stearns electric association, Steele-Waseca Cooperative Electric, Todd-Wadena Electric Cooperative, Wright-Hennepin Cooperative Electric Association

Approximately $12.2 million in loans and over $3.3 million in grants were approved for businesses, communities and outdoor recreation in Northeast Minnesota at Tuesday's Iron Range Resources & Rehabilitation Board meeting.

The total project investment, when combined with other sources, comes to approximately $57.4 million.

Click here to view the original article from Business North.

Flipboard Icon

More Topics

Greater Minnesota Housing Fund tackles affordable housing amid economic obstacles Photo

Greater Minnesota Housing Fund tackles affordable housing amid economic obstacles

Apr 5 2022
As Minnesota Legislators debate how to spend a projected $9.25 billion surplus, one of the most prominent topics is the need for more affordable housing for families and individuals. Click here to view the original article from Finance & Commerce.Continue Reading
Federal grant infuses iron ore projects Photo

Federal grant infuses iron ore projects

Apr 4 2022
Funding from the U.S. Department of Energy kicked an idling NRRI project into full steam ahead. With $2.1 million from the DOE’s Office of Energy Efficiency and Renewable Energy and matching funds of $530,000 from NRRI that leverages previous state appropriations, NRRI metallurgical engineers can research and improve the direct...Continue Reading
Todd, Wadena county organizations offer business grants and resources Photo

Todd, Wadena county organizations offer business grants and resources

Apr 1 2022
Did you know utility companies offer business grants and loans? What about organizations who offer resources for small businesses? A host of resources are available with local organizations, as shared during the second annual Todd Wadena Development Summit. The summit featured the Region 5 Development Commission, Todd-Wadena Electric Cooperative...Continue Reading