At today’s Iron Range Resources & Rehabilitation Board meeting, an estimated $1.3 million in loans, $750,000 in site ready grants, $3.7 million in infrastructure grants, $157,000 in trails grants and $3.6 million in housing grants were reviewed to advance projects in northeastern Minnesota. Agency investment for all projects combined is over $9.5 million. Total project investment is estimated at $106.6 million. The projects are expected to increase the regional tax base, retain and create jobs, expand broadband, provide essential services, grow the housing inventory and expand outdoor recreation.
One project was broadband-related…
Broadband Infrastructure Grant: $261,184
Agency Investment $261,184 | Total Project Investment $522,369
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Bois Forte Band of Chippewa: $261,184 to construct a fiber-to-the-home buildout to bring high speed broadband to 442 homes in the Bois Forte Reservation. The project previously received a grant in 2019 and is nearing completion. Due to ledge rock encountered and higher material costs, the new grant amendment will support 50% of the increased construction costs.