A $2.6 million expansion is underway at a Hibbing foundry
Cast 7, LLC, a foundry east of Hibbing, plans to expand production of movable stainless steel grates with financial assistance from Eveleth-based Iron Range Resources and Rehabilitation.
The eight-member Iron Range Resources and Rehabilitation Council is considering a $1.3 million loan to help fund the project at a board meeting at 1:30 p.m. Thursday, October 20.
The Security State Bank in Hibbing will also fund $1.3 million for the project, according to an Iron Range Resources and Rehabilitation Board meeting record.
Expansion includes adding custom core molding, horizontal molding, additional air compressors, sandblasting technology, additional power supply, workflow optimization , additional dust collection, automation and robotics equipment.
The project creates up to four new jobs paying $30 to $55 an hour, according to the council’s filing.
Cast 7 is a subsidiary of Cast Corporation, a design, tooling, casting and precision manufacturer located on the same site as the foundry.
Cast Corporation manufactures products for some of America’s largest industries, including mining, industrial, recreational and automotive.
Iron Range Resources and Rehabilitation is a Minnesota State economic development agency that invests local taconite production taxes in businesses and communities in northeast Minnesota to strengthen and diversify the economy.
A nine-member board of Taconite-area state legislators recommends projects proposed by the agency’s commissioner.
Other projects under consideration Thursday by the Iron Range Resources and Rehabilitation Board are:
• A $48,815 grant to the City of Ely for a $605,790 infrastructure and utility move for the Razor Edge Systems expansion. Six permanent jobs and four construction jobs should be created.
• A $47,000 grant to the City of Grand Rapids to support an updated $95,000 fire suppression system and heating, ventilation and air conditioning control system at the Itasca Family YMCA.
• A $300,000 grant to the Town of Hibbing for $2.3 million in infrastructure and site work for the Lees Industrial Building in the Hibbing Industrial Park. A long-term lease with Daimler Trucks has been agreed in which Daimler will use the building as a distribution center for its further expansion. Fifteen construction jobs are expected.
• A $128,500 grant to the Town of Hibbing to assist in the $4.2 million Mediacom broadband expansion to up to 573 unserved homes in the Town of Hibbing and adjacent areas.
• A $250,000 grant to the Town of Babbitt to support a $550,000 project that will extend water and sewer lines to the recreation area’s campground and RV park of Birch Lake. Three construction jobs should be created.
• A $51,877 grant to the Town of Bigfork for a $113,822 sewer line and lift station upgrade on Golf Course Lane.
• A $350,000 grant to the Bois Forte Band of Chippewa to help fund the $1.3 million replacement of a failing concrete dam on the Nett River. The dam helps control the water level of Nett Lake. Nett Lake is one of the main wild rice lakes in Boise Forte Band. Sixteen construction jobs should be created.
• A $69,000 grant to the Township of Clinton to contribute $138,109 in safety, accessibility and energy efficiency improvements to the Township’s emergency services facility and community center . A construction job should be created.
• A $250,000 grant to the Crane Lake Water and Sanitary District for a $1 million sewage treatment plant upgrade project. Seven construction jobs should be created.
• A $60,361 grant to Eveleth Virginia Airport Authority to help fund $372,121 to improve lighting at the airport terminal, terminal hangar and terminal maintenance garage. Three construction jobs should be created.
• A $150,000 grant to the Town of Hibbing to reline $703,000 of aging residential sewer lines. Five construction jobs should be created. The sewer lines were installed from 1935 to 1940 and are deteriorating.
• A $65,125 grant to the City of Virginia to support a $130,250 reconstruction of Progress Park Drive. Due to heavy equipment traffic due to the construction of the new Rock Ridge High School, the road has deteriorated. The reconstruction will improve traffic to the school and several businesses in the area. Eight construction jobs should be created.
• An $87,500 grant to the City of Virginia for $240,000 in computer system upgrades that operate and monitor the sanitary sewer lift station across the city. Two construction jobs should be created.
• A $50,000 grant to the town of Bovey for $127,000 for trail improvements on a multi-use trail and the Canisteo trail.
• A $50,000 grant to the Town of Hoyt Lakes for a $120,125 Ranger Snowmobile and ATV Clubs project to purchase a new skid steer loader with bucket, forks and brush cutter.
• A $55,500 grant to Itasca County for the development of the $111,500 Phase II ATV trail that connects the town of Nashwauk to the Alborn-Pengilly trail.
• A $21,400 grant to the Northern Lights Nordic Ski Club to help purchase a $42,800 modified John Deere Gator side-by-side vehicle and equipment for the maintenance and grooming of ski trails in the county of ‘Itasca.