fbpx

Latest Posts

Home

Facebook

Twitter

Search
About

Dayton Considers Iron Range Solar Plant A Highlight of His Economic Development Legacy: What Do You Think?

Minnesota Gov. Mark Dayton says the Heliene solar panel manufacturing plant opening on the Iron Range is one of the highlights of his economic development record. What do you think?

The plant received $3.5 million in loans from the state to expand and purchase state-of-the-art equipment. But this begs the question, should the state of Minnesota be subsidizing an industry that is painfully dependent upon the 30 percent federal Investment Tax Credit for survival? I sure don’t.

The company, will reportedly invest more than $18 million to get a 25,000 square foot factory up and running after another manufacturer abandoned it last year. The plant will create around 130 full time jobs when running at full speed.

Although $18 million and 130 jobs may sound impressive, these figures are incredibly small potatoes compared to the economic impact of the proposed Twin Metals mine. Remember this, while Dayton was subsidizing a solar plant, he was also actively opposing the proposed Twin Metals mine.

In fact, Dayton supported the Obama administration withdrawing 234,000 acres of land that included the scope of the project. He also issued an executive order to deny access and leases to the company, prompting Iron Rangers to sue his office. Dayton also denounced the Trump administration’s decision to restore the mineral exploration leases that were cancelled in the lame-duck period of Obama’s presidency.

Time will tell if Heliene is more Solyndra or sustainable. My money would be on the latter.

Comments

Subscribe

Categories

Upcoming Events

  • Master Class: How good are Minnesota’s public schools, really?

    Location: Online Event

    Sign up HERE for this online event! Center of the American Experiment invites you to join us for a free 4-week live online course in public policy, featuring our expert economists and policy fellows. The first four Wednesdays in April, we will broadcast right to your laptop or phone during the noon lunch hour! Each Zoom webinar will be moderated by President John Hinderaker in a way that allows for maximum audience participation. And if you can’t make the live airing, everyone registered will be sent a video recording of the event after it has ended. This is your chance…

    Register Now
  • Master Class: How regulation affects your everyday life

    Location: Online Event

    Sign up HERE for this online event! Center of the American Experiment invites you to join us for a free 4-week live online course in public policy, featuring our expert economists and policy fellows. The first four Wednesdays in April, we will broadcast right to your laptop or phone during the noon lunch hour! Each Zoom webinar will be moderated by President John Hinderaker in a way that allows for maximum audience participation. And if you can’t make the live airing, everyone registered will be sent a video recording of the event after it has ended. This is your chance…

    Register Now
  • Master Class: Everything wrong with the Green New Deal

    Location: Online Event

    Sign up HERE for this online event! Center of the American Experiment invites you to join us for a free 4-week live online course in public policy, featuring our expert economists and policy fellows. The first four Wednesdays in April, we will broadcast right to your laptop or phone during the noon lunch hour! Each Zoom webinar will be moderated by President John Hinderaker in a way that allows for maximum audience participation. And if you can’t make the live airing, everyone registered will be sent a video recording of the event after it has ended. This is your chance…

    Register Now