Economic Development

Minnesota Power has a proud history of serving some of the largest industrial electric customers in America over the past 100 years.

We provide reliable, competitively-priced energy and can meet customer needs for renewable energy (up to 100%).
Minnesota Power also has a strong reputation for providing private sector leadership in economic development. We have the resources, connections and experience to help companies find sites and secure capital for expansion and relocation projects in our service area. Contact one of our team members today to discuss how we can help you meet your business needs.

Minnesota Power’s parent company, ALLETE, has entered an agreement to be acquired by a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners and start the process to become a private company.

This transaction will not change our operations, strategy or shared purpose and values, and it is business as usual for all of us at Minnesota Power. Learn more at