(KNSI) — The Minnesota Department of Employment and Economic Development has awarded the City of Sartell $2 million in grant funding from the agency’s Greater Minnesota Business Development Public Infrastructure Grant Program.
The money will support street and utility construction for Niron Magnetics, which intends to break ground this year on a $38 million, 190,000-square-foot building and create 175 full-time manufacturing jobs. The company is a rare earth-free permanent magnet manufacturer and anticipates investing an additional $62 million in future expansion on the site, creating an additional 425 full-time jobs. The property is on 67 acres of land east of 4th Avenue South and was purchased by Sartell in 2023 as part of the 167-acre Mill District site and Champion Plat, which includes the city’s landfill. The total cost of the public infrastructure project is $4,394,000.
Under the BDPI grant program, which supports communities outside of the Twin Cities metropolitan area, DEED awards 50% of eligible capital costs for qualifying public infrastructure projects such as streets, wastewater collection and treatment, drinking water, storm sewers, and more.
“Public infrastructure grants help Greater Minnesota grow and thrive,” said DEED Commissioner Matt Varilek. “These grants help encourage economic development, add and retain jobs, and support community vitality.”
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