The Bemidji Steel Company was recently awarded a DEED grant.
According to a release, DEED awarded $1.67 million from its Job Creation Fund to six Minnesota businesses, which provides financial incentives to new and expanding businesses that meet certain job creation and capital investment targets.
These businesses are expanding or building new locations in Minnesota and are expected to create 297 new jobs over the next three to five years.
“I congratulate these six businesses on their expansion,” said DEED Commissioner Steve Grove. “These public-private partnerships to expand jobs in Minnesota will continue to be a big part of our recovery.”
Bemidji Steel recently expanded in Hubbard County with a new facility, and plans to create six new jobs within the next three years. Their grant amount was $100,000.