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Business Developments

by Mohamed Mourssi
April 2014

Northern

Map of Minnesota Business Development ReginosThe India-based Axis Clinicals, LLC is establishing a new facility in Dilworth that will create about 100 full-time permanent jobs. The company will invest $12 million in the first phase of the Dilworth project and will receive up to $779,988 from the Minnesota Job Creation Fund to help with the cost of investment and creation of the new jobs.

Detroit Diesel Manufacturing DMR announced a plan to expand its facility at the Range Regional Airport in Hibbing. The expansion could bring 50 new jobs to the region in addition to 100 people currently employed at the site. The Iron Range Resources and Rehabilitation Board provided a $2.5 million loan to the airport authority to double the building's size.

Minnesota Power applied to state and federal regulators for permits to build the 500-kilovolt Great Northern Transmission Line from the Minnesota-Manitoba border to an electric substation on the Mesabi Iron Range. The new project will cost between $500 million and $650 million and will create 213 construction jobs and 73 additional indirect jobs, according to an economic study conducted by the University of Minnesota-Duluth.

Central

The heavy-duty transit bus manufacturer New Flyer announced plans to expand its operations in St. Cloud by adding a new, streamlined MiDi medium-sized bus. The expansion project will create 166 new jobs over the next three years that will bring the total workforce of New Flyer in St. Cloud to 733. All current and new employees will receive training at St. Cloud Technical and Community College funded by a $375,000 training grant from DEED.

The Sauk Rapids-based MN Welding Co. announced it will expand its operation in the region, adding 32 jobs to its current staff of 45. The company will move from its 14,000-square-foot location into a 145,000-square-foot facility on Industrial Boulevard. The company received $200,000 from DEED's Minnesota Investment Fund to help with the cost of the new investment and creation of the new jobs.

The worldwide German farm implement maker Geringhoff is investing $20 million in a new manufacturing facility in St. Cloud that will create 100 new jobs in the first phase. The new site will be based in the 110,000-square-foot former Donlin Co. building, and will produce corn harvesting equipment and other farm equipment. The company is receiving an incentives package that includes a $500,000 forgivable loan from the Minnesota Investment Fund as well as tax incentives through the JOBZ program.

Twin Cities Metro Area

Wells Fargo plans to move 5,000 employees from its San Francisco headquarters to two 17-story office towers to be built near the new Vikings stadium in downtown Minneapolis. As a part of its expansion plan, known as the Downtown East expansion plan, the bank announced that it is paying developer Ryan Cos. $217 million for land and the two new office towers, according to city documents.

The Eden Prairie-based supermarket chain Supervalu announced a restructuring plan that involves adding about 50 jobs in the Twin Cities. The company will move these jobs from its facility near Milwaukee to Supervalu facilities in Hopkins.

Pearson Candy Co. is expanding its St. Paul manufacturing center, adding 40 jobs to the Bit-O-Honey production line. The additional positions include cooks, production assemblers, and maintenance mechanics. DEED awarded the company a $200,000 forgivable loan from its Minnesota Investment Fund to help offset the cost of new expansion. The company won't have to pay back the loan, provided it creates 40 jobs paying $13 an hour by April 2016.

Southern

Verizon Wireless is planning to increase the number of workers at the Mankato call center by nearly one-third, adding more than 160 full-time positions by the end of July. The new positions will fill gradually over a four-month period, hiring 40 employees each month. The new jobs will bring the number of Verizon's Mankato-based employees to 686.

North Star Mutual Insurance is expanding its Cottonwood headquarters to increase services to markets throughout the Midwest and will create 12 new full-time permanent jobs. The company has been approved by DEED for a $620,000 award from the Minnesota Job Creation Fund if the company meets performance goals.

Harmony Enterprises will expand its current operations in Harmony and will add 14 full-time, permanent jobs to its current staff of 60 and invest about $1.1 million. The company provides worldwide waste management and recycling solutions through the manufacture of waste compactors and recycling balers. To assist with the expansion plan and addition of the new jobs, Harmony Enterprises will receive up to $215,000 from the Minnesota Job Creation Fund.

The Minnesota Job Creation Fund is a pay-for-performance program that provides up to $1 million to businesses after they meet certain criteria, including minimum requirements for job creation and private investments. Under the program, businesses must create at least 10 full-time jobs and invest at least $500,000 to be eligible for financial assistance.

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