Document Type
Article
Publication Date
9-2024
Abstract
Niron Magnetics proposes to build a clean magnet production facility in Sartell, MN, investing $37.5 million in the plant and equipment. The plant will produce $40.2 million of revenue per year starting in 2026. We used IMPLAN to estimate that 217.3 jobs would be supported by the construction, contributing $22.7 million to regional GDP and $3.4 million in tax revenue. Operations would support 327.2 jobs across the region, including 43.5 within the city of Sartell. Operations would add $36.9 million annually to GDP and $8.7 million to tax revenues across all jurisdictions.
Recommended Citation
Banaian, King and Bauman, NeTia, "The Economic Impact of Niron Magnetics" (2024). Economic Impact Studies. 1.
https://repository.stcloudstate.edu/eir/1
