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Friday, October 8, 2010

West Side Business Looking To Boost Local Economy

A west side business is hoping to expand and bring more jobs.

American Iron and Metal has it's eye on a $30 million dollar expansion which establishes Saint John as it's new regional hub for processing recycable metals. The paperwork continues to be filed for the proposal and the company hopes to break ground in the coming weeks and be open by the spring.

The new setup would be capable of processing up to 250,000 metric tonnes of recycable metal every year. The proposal means 23 permanent jobs and 20 construction jobs which translates to $1.8 million in salaries and wages.
 
The project would also contribute $44 million dollars every year to the local economy in both direct and in-direct benefits.