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Council approves tax break, forgivable loan for Duluth paper mill

Council approves tax break, forgivable loan for Duluth paper mill Local aid helps close the funding gap as ST Paper negotiates to purchase Verso Corp.s Duluth mill and convert it to tissue production. 10:20 pm, May 10, 2021 ร— Verso Corp.s Duluth paper mill, shown on July 9, 2020. (Tyler Schank / News Tribune) The Duluth City Council unanimously agreed Monday night to abate up to $600,000 in property taxes and offer a $242,000 forgivable loan to ST Paper to help the compan...
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Our View: State can step up for Duluth-made TP | Duluth News Tribune

Needed post-pandemic: "Another public-private venture, with the paper mill at its heart." Written By: News Tribune Editorial Board | 11:00 am, Apr. 29, 2021 ร— The Verso Corp. paper mill, with Minnesota Powerโ€™s M.L. Hibbard Renewable Center behind it, sprawls across West Duluth on Jan. 17, 2018. (Steve Kuchera / File / News Tribune) From its beginning, the paper mill along our western riverfront has been a public-private venture with a goal of bolstering the fortunes of Duluth and M...
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State grant could bring jobs back to shuttered Duluth paper mill

State grant could bring jobs back to shuttered Duluth paper mill A would-be buyer continues to pursue plans to reconfigure and restart the Duluth paper mill, restoring at least 80 jobs. Written By: Peter Passi | ร— The Verso Corp. paper mill, with Minnesota Powerโ€™s M.L. Hibbard Renewable Center behind it, sprawls across West Duluth on Jan. 17, 2018. (Steve Kuchera / News Tribune) ST Paper will seek up to $1.5 million in state job-creation funds to breathe new life...
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State aid sought to reopen Duluth paper mill

State aid sought to reopen Duluth paper mill Brooks Johnson, Star Tribune ยฉ Star Tribune/Star Tribune/ALEX KORMANN ย• alex.kormann@startribune.com/Star Tribune/TNS FILE-A buyer is eyeing the shuttered Verso paper mill in Duluth and is seeking millions in state support to help convert the mill to make tissue paper. DULUTH โ€“ The potential buyer of the shuttered Verso paper mill in Duluth could bring back 80 jobs and invest $25 million in the plant โ€” if millions in state fun...
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Source: msn.com

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