Mining equipment sales would mean more sales tax, but not necessarily new jobs

By Kay Nolan,  March 5, 2012

Kay Nolan is a contributing writer for This article ran in the March 5, 2012 issue.

MILWAUKEE — A proposed new iron ore mine in northern Wisconsin is unlikely to boost jobs at Milwaukee-area manufacturers Joy Global and Caterpillar, leading makers of massive blasting and hauling equipment.

But the project could mean hundreds of millions of dollars in sales for the companies – and the state’s general fund would reap the accompanying sales tax

By one conservative estimate from one company that might supply the mine’s likely needs, at least $4.8 million could go into the general fund as the Gogebic
Taconite mine gets going.