Economic Impact


Minnesota’s iron mining industry plays a vital role in driving not only local economies but also contributing to regional, national, and even global markets. According to a study by the University of Minnesota Duluth, the state’s mining industry generates more than 11,600 jobs, $1.0 billion in labor income, $2.1 billion in value-added spending, and contributes over $4.0 billion to Minnesota’s economy each year. And the impact doesn't stop there — each iron ore mining job creates nearly two additional jobs in supporting industries, multiplying the benefits throughout the community. Mining operations also support a wide range of businesses by purchasing goods and services from sectors like utilities, transportation, and manufacturing, creating a ripple effect that strengthens Minnesota’s economy and beyond.

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Hibbing Area Chamber of Commerce
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Hibbing Area Chamber of Commerce

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