Category: In the Media

Evart Township is one step closer to being home to a brand-new potash (potassium chloride) and salt production plant and processing facility. The Michigan Strategic Fund approved a $225 million bond for the Michigan Potash Company LLC in September 2022. While the idea has been in talks for over 10 years, the conversation on the plans of the Osceola and Mecosta counties facility continues.

LANSING, MI – The Michigan Potash and Salt Company took a step Tuesday toward seeking a $225 million tax-exempt bond for construction of its $1.2 billion salt and potash mine in northern Michigan. The Michigan Economic Development Corporation granted the Denver-based company approval for an “inducement resolution” during its Sept. 27 board meeting. This makes private activity bonds issued by a financial institution tax-exempt through the state.