New $6-million Ikonics Corp. facility proposed in Duluth

By KBJR News 1

New $6-million Ikonics Corp. facility proposed in Duluth

July 17, 2014 Updated Jul 17, 2014 at 7:06 PM CDT

Duluth, MN (NNCNOW.com) --- The Ikonics Corporation, a Northland imaging technology company, hopes to construct a new $6,000,000 facility in West Duluth, creating jobs locally.

The business is seeking help from the Minnesota Department of Employment and Economic Development for an award or rebate from the Job Creation Fund program to build a new 30,000 sq. ft. facility in the Atlas Industrial Park.

The new program through DEED provides benefits and rebates based on new jobs created, as well as for property improvements.

Part of the process requires approval from the Duluth city council, showing local support for the project.

"It's growth, it's real jobs, it's good jobs, and these are jobs that are in the western part of Duluth. And I know when I've door-knocked there before people say, you've got to get us some jobs, ya know we've got this former Atlas area and we've got to be able to re-use it," said Duluth city councilor Linda Krug.

Those involved with the project say it will not only create jobs, but also increase the tax base.

It is predicted to create a minimum of 10 new jobs.