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 Merry Christmas and Happy Holidays from the Koochiching Economic Development Authority. This is a beautifully magic time of the year in Voyageur Country - we've got lots of fresh snow and we look forward to getting together with friends and family for the Holidays. It's been a busy year in Koochiching County and as the year comes to an end, it's a good time to reflect back and chart our progress in business recruitment, job retention, job creation and investment. One of our primary goals was to focus on our various business/industrial parks - to market them to potential users, and to continue to develop our Foreign Trade Zone site... |
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Neutrino Detection Project Receives $45.6 Million
It has all the trappings of a sci-fi thriller. A far-out concept beyond that of even the most advanced creative intellectual minds. Yet, it is real and it is coming here. And, it may well unlock the secret to the creation of the universe. The U.S. Department of Energy recently awarded $45.6 million to the University of Minnesota to build an international physics laboratory close to the Ash River, southeast of International Falls. This is an important first step in an estimated $250 million project to study neutrinos. Neutrinos are subatomic particles that will allow scientists to study how the universe was formed and how it may continue to develop in the future. |
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Koochiching Economic Development Authority P.O. Box 138 International Falls, MN 56649 218.283.8585 800.452.3569 Fax: 218.283.4688 |
Tech Skill Training Programs get $3 Million in Legislative Support A collaborative program supporting technical skills training at more than a dozen regional high schools and community colleges has received $3 million in funding from the 2007 Minnesota State Legislature. The initiative will involve school districts covering International Falls, Deer River, Northland-Remer, Grand Rapids, Greenway-Coleraine, Floodwood, Hill City, Hibbing, Eveleth-Gilbert, Mesabi East, Virginia, Ely, Mountain Iron-Buhl and Chisholm area schools. The regional colleges involved include Rainy River Community College, Itasca Community College, Mesabi Range and Technical College, Vermillion Community College and Hibbing Community College. |
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New Tax Laws Benefit Rural Renewal Counties Koochiching County's status as a Rural Renewal County offers expanded tax advantages to employers. There is an estimated $11 billion in tax incentives available to businesses that hire local residents, upgrade equipment needs, and build or rehabilitate commercial property in Renewal Communities and Empowerment Zones. These incentives include wage credits, increased deductions, accelerated depreciation, low-interest loans through facility bonds, tax savings on capital gains, and other incentives. |
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 Borderland Entrepreneurs Receive City Support The landscape and economic future of this border town are changing, thanks to the City of International Falls commercial loan program. Eight local businesses and the local Moose Club have taken advantage of access to the funds, so far. The revolving loans provide essential gap funding for building enhancements and business growth. |
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Your Ticket Home is the starting point for individuals and businesses who are interested in moving to Koochiching County. Click the image above to discover the great opportunity that may enable you to call Voyageur Country home! |
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