Businesses in the Iron Range are not doing well

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THE BAD NEWS JUST KEEPS COMING FOR MINNESOTA'S IRON RANGE. NOW, NATIONAL STEEL PELLET, IN KEEWATIN, SAYS IT'LL LAYOFF TEN WORKERS BY THE END OF THE WEEK....15 WERE LAID OFF EARLIER THIS MONTH. IN NEARBY HOYT LAKES, 14-HUNDRED JOBS WERE LOST WHEN LTV STEEL CLOSED FOR GOOD, AND IN EVELETH, ALMOST 500 JOBS COULD BE ON THE LINE IF EVTAC CLOSES BECAUSE IT CAN'T GET BANK LOANS OR INSURANCE COVERAGE. MINNESOTA'S TACONITE INDUSTRY HAS ALWAYS RUN IN CYCLES, BUT SOME ON THE RANGE WONDER IF THIS DOWNTOWN IS WORSE THAN OTHERS. ECONOMICS PROFESSOR RICK LICK-TEE TEACHES AT THE UNIVERSITY OF MINNESOTA-DULUTH AND HE SAYS A SLOWING ECONOMY IS ONLY PART OF THE PROBLEM.

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Digitization made possible by the State of Minnesota Legacy Amendment’s Arts and Cultural Heritage Fund, approved by voters in 2008.

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