BEMIDJI, Minnesota — The West Fraser wood engineering plant west of Bemidji was one of three companies to receive part of $4.2 million in business expansion grants from the state. The state’s Department of Employment and Economic Development stated in a news release that the three projects are expected to create or retain 587 jobs and leverage more than $270 million in private investment. West Fraser plans to renovate an existing building and improve the operating site in the small community of Solway. The operation there produces engineered wood products, such as OSB or particle board, that are used widely in construction and other industries. The project will receive more than $1 million in financing from the state’s Job Creation Fund, with the company expected to invest $137 million. The project is expected to retain 132 jobs.