Hibbing, MN (NNCNOW.com) --- A new project in Hibbing is expected to create 50 new jobs and retain another 100 for those living on the Iron Range.
The airport speculative building in Hibbing was constructed in 2007 after the IRRRB provided a $1.6 million loan to the Chisholm Hibbing Airport Authority in 2006.
In 2012, the IRRRB provided a second loan of $2.7 million dollars to help Detroit Diesel Re-manufacturing accommodate a planned expansion.
An additional 30,000 sq. ft. will immediately be added to the 30,000 sq. ft. airport location to provide the space necessary to support the electronic manufacturing and remanufacturing activities well into the future.
IRRRB Commissioner Tony Sertich says that the groundbreaking for the building is an exciting thing to witness.
"Any day that you can stand before the citizens of the Iron Range, invest in a quality local business, and grow jobs is a great day on the Iron Range," says Sertich.
“The highly technical skills of our employees and our continuing cooperation with local agencies made the decision to expand on the Iron Range an easy one,” commented David Rhode, plant operations manager in Hibbing. “Today represents the next chapter in Detroit Reman’s long-term commitment to our employees and the region.”
Relocation of existing operations will be complete in early 2015.
Posted to the web by Krista Burns