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Upper Peninsula leaders show support for 50 million dollars in state investment supporting mining in Gogebic County. Yesterday Upper Peninsula community and state leaders, and business owners held a virtual press conference to commend the recent 50 million dollars investment by the Michigan Strategic Fund to support site preparation at the Copperwood Mine location in Gogebic County. The project is expected to generate 380 long-term jobs and support an additional 300 construction jobs in the Western Upper Peninsula.
Senator Ed McBroom says that this is a very exciting opportunity for a region with a rich history in natural resources industries. Representative Greg Markkanen added that the project is vital to the western region’s economy and raises the strategic value of the state.
Copperwood Resources Incorporated, a subsidiary of Highland Copper, will receive a performance-based grant to address significant site readiness, worth 50 million dollars from the strategic Site Readiness Program with the Michigan Strategic Fund.
Invest UP vice chairman Matt Johnson says that the need to invest in rural America has to happen now. The Upper Peninsula has supplied mineral resources to industries for over a century, continuing today with the only operating nickel mine and one of a few operational iron mines in the United States. Adding the future of domestic responsible mining requires partnership with local communities and private investment to support regional economies.
