Published 1 month ago

Middletown City Manager says steel plant investment could boost local economy after other plants exited

Summary by Ground News

Cleveland-Cliff is investing $1.3 billion of its own money for the project. The project is expected to create 1,200 construction jobs and dramatically reduce carbon emissions. City manager Paul Lolli said this investment will allow the city to create a tax base to fund different city needs.

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WCPO Cincinnati

Middletown City Manager says steel plant investment could boost local economy after other plants exited

A nearly $2 billion investment into the Cleveland-Cliffs Middletown Works plant could mean big business for the city.The steel plant will receive a federal grant of up to $500 million to replace its coal-burning blast furnace with a hybrid unit that burns hydrogen and natural gas, a project that is expected to create 1,200 construction jobs and dramatically reduce carbon emissions. Cleveland-Cliff is investing $1.3 billion of its own money for t…

1 month ago·Cincinnati, United States

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