Our Business

Strengthening the Local Economy

PolyMet will generate significant economic benefits—both during construction and after operations begin. The construction project will engage the equivalent of about 300 skilled construction workers over about three years.

When fully operational, the plant will create approximately 360 full-time jobs with an estimated annual payroll and benefits of about $36 million.

A study by the University of Minnesota Duluth estimates that more than 500 spin-off jobs will be created in St. Louis County alone, generating an economic benefit of about $242 million including products and services.

The project is expected to generate tens of millions of dollars annually in federal, state and local taxes.

Maintaining Economic Stability

Because metals are global commodities subject to cyclical prices, PolyMet developed this project using very conservative assumptions about the prices it will receive for the metals it produces. The feasibility study demonstrates that PolyMet will be sustainable at lower metal prices.

These conservative assumptions will allow PolyMet to operate profitably even during downturns in the global metal markets.