Hibbing Economic Development Authority Regular Meeting Agenda May 2024
IRRR Funding Identified for AMGS Expansion Project
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Description
HEDA's AMGS Business Assistance Application identifies $300,000 in funding from Iron Range Resources & Rehabilitation to help construct a new facility for AMGS in Hibbing. The funds would support business expansion and job creation as part of the project financing package.
Contract Details
Contract Amount
$300,000
Vendor
IRON RANGE RESOURCES & REHABILITATION
Agency
City of Hibbing, MN
Contract Type
FINANCIAL_SERVICES
Document Date
May 14, 2024
Renewal Info
Existing debt of $547,133.36 to IRRR is noted for HEDA, with an additional $300,000 IRRR contribution proposed as part of the project financing.
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