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Friday, April 22, 2005

Econ. Dev. - More on steel industry rebirth in NW Indiana

Following upon the ILB entry last Friday on the steel industry rebirth in NW Indiana is this story today in the Gary Post-Tribune that begins:

Mittal Steel USA plans to make East Chicago its U.S. headquarters for research and development, the latest coup for Northwest Indiana.

The steel company is closing its Bethlehem, Pa., research lab and bringing 70 employees here, 40 of whom earn salaries of around $100,000 annually.

Two-thirds of the workers are scientists and researchers who hold advanced degrees of either a PhD or a master’s degree. About a third of the group is support staff.

“These would be some of the best scientific minds in the steel industry today,’’ Mittal Steel USA spokesman Dave Allen said Thursday.

Already, Mittal has a research and development center near the former Ispat Inland plant in East Chicago where 100 people work.

Local officials, who are emphasizing research as a plum economic development tool for the area, are thrilled by the announcement.

Posted by Marcia Oddi on April 22, 2005 08:39 AM
Posted to Indiana economic development