![Lawmakers Working On Incentive Package For Iron Range Plant](http://townsquare.media/site/67/files/2016/04/Minnesota.jpg?w=300&h=200&zc=1&s=0&a=t&q=89&w=980&q=75)
Lawmakers Working On Incentive Package For Iron Range Plant
ST. PAUL (AP) - State lawmakers and economic development officials want to craft a multi-million-dollar incentive package to attract a major manufacturing operation to Minnesota's Iron Range.
The company's name hasn't been announced. But state officials have said it's a very large publically traded company that's seen exponential growth in recent years and is looking for expansion projects.
Lawmakers are trying to move quickly on a subsidy package so they don't risk losing the plant. A budget plan proposes annual payments of up to $3 million beginning in 2017 and ending in 2035.
The plant is expected to bring about 250 jobs to a part of Minnesota that's economically struggling.
Developers are considering locations in or near Hoyt Lakes, Grand Rapids and Cook.
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