DULUTH, Minn. (AP) — Delta Air Lines will receive a $5.9 million forgivable government loan to refurbish a call center in northern Minnesota that was mostly built with government money in the first place.
The loans are handled by the Iron Range Resources & Rehabilitation Board.
The Duluth News Tribune reports (http://bit.ly/1hQcl2z ) the board Thursday approved the deal that requires Delta to keep 525 employees there, up from the current 418.
Delta officials said they hope to begin within weeks.
The 12-year "forgivable loan" starts to come due in five years, but the payments will be forgiven if employment stays above 450.
Northwest Airlines built the center with a $9.7 million loan from the board in 1994. Of that, $1 million was repaid and the rest was forgiven. Delta bought Northwest in 2008.
Information from: Duluth News Tribune, http://www.duluthnewstribune.com