Economic Impact
U. S. Steel Minnesota Economic Impact Study
U. S. Steel’s Minnesota Ore Operations include Minntac and Keetac, supporting mining employment, supplier activity, and reinvestment in Iron Range communities through taxes and local spending.
Case Study:
U. S. Steel Minnesota Economic Impact Study
The Puzzle
On Minnesota’s Iron Range, U. S. Steel’s mining operations are foundational to local communities. The company sought a clear, statewide picture of how those operations contribute to Minnesota’s economy, employment, and public revenues. U. S. Steel engaged Parker Strategy Group to quantify its Minnesota economic impact.
Profile
U. S. Steel’s Minnesota Ore Operations include Minntac and Keetac, supporting mining employment, supplier activity, and reinvestment in Iron Range communities through taxes and local spending.
How we helped
Parker Strategy Group conducted a statewide economic impact analysis capturing direct operations and the broader ripple effects across Minnesota’s economy.
The analysis found that U. S. Steel’s Minnesota operations generated:
- $2.5 billion in total economic impact
- 6,873 jobs supported statewide, including 1,936 direct employees
- $922.7 million in value added to Minnesota’s economy
- $153.7 million in state and local tax revenues, including $59.9 million in taconite production taxes reinvested locally
- Engagement with 462 Minnesota-based suppliers
How It Helped The Client
The study provided a clear, statewide report demonstrating U. S. Steel’s role in sustaining Iron Range employment, supporting suppliers, and generating public revenues that flow back into Minnesota communities.
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