L-M Wind Power
Doug Barrett | Aug 22, 2017 AT 8:15 am
Grand Forks is looking to expand the building that houses L-M Wind Power to the tune of two-million dollars. The extra space will allow the company to make even larger blades at the manufacturing plant in the industrial park. The city council - meeting as the Jobs Development Authority - approved project plans last night. Regional Economic Development Corporation President Keith Lund says the payback comes in the form of an increase in lease fees
L-M employs around one-thousand workers. Lund says the company is making a significant investment as well - over six million dollars in new equipment.
The agreement still needs to be reviewed by the city attorney. Construction bids are expected to be approved in October.
In other council action members approved a ten-year tax break for J-R Simplot. The company plans to spend 54-million dollars to add a High Bay Freezer to its plant on Gateway Drive. The move provides Simplot an 80-percent exemption over a ten year period on the new investment. The freezer will allow Grand Forks to serve as a distribution point for products shipped east.