Thursday, September 20, 2007

KARE 11: Pawlenty announces state loans for Mesabi Nugget plant






(Associated Press) Governor Tim Pawlenty said state agencies will lend $26.5 million to the Mesabi Nugget plant on the Iron Range, calling it a "transformational moment for northeastern Minnesota."

He signed a $16.5 million loan from the Iron Range Resources Board in Eveleth on Thursday and said the project will also get $10 million from the state Department of Employment and Economic Development.

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