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Minnesota Business Developments

by Mohamed Mourssi-Alfash
December 2014

Northern

Imaging technology company, Ikonics Corp., announced an expansion plan to invest $4.3 million in its manufacturing plant in Duluth adding 20 new jobs. The new project includes building a 20,000-sq. ft. addition in the Atlas Industrial Park on the city's west side. The company currently employs about 70. Ikonics Corp will receive a $508,500 award from the Minnesota Job Creation Fund to assist with the expansion plan and creation of new jobs.

Bagley-based TEAM Industries, which makes drivetrains, transmissions, axles, and gears, is planning a $7.8 million expansion at its production facility in Detroit Lakes, which will add 16 jobs and build a 22,500-sq. ft. addition at the factory. The new jobs will pay an average salary of $14 an hour, and the company will receive $174,900 from the Minnesota Job Creation Fund to assist with the creation of these new jobs.

Central

Park Industries, manufacturer of stone working equipment, continues to expand in St. Cloud. After adding 65 jobs in the last 18 months, the company announced an $11 million investment plan to add 33,760-sq. ft. of production space to its St. Cloud facility, which will create another 20 to 30 jobs. DEED awarded the company $624,000 from the Minnesota Job Creation Fund to assist with the expansion. The company will receive the funding when it meets its performance goals.

Minnesota-based Columbia Gear unveiled a plan to expand its precision gearing and power transmission making plant in Avon, adding 50 more jobs to its current workforce of 100. The company was awarded a $300,000 Job Skills Partnership Program grant to assist with adding 25 apprentice positions as part of a training program in association with St. Cloud Technical and Community College.

Meadow Star Dairy announced plans to add a new dairy operation in Willmar, creating 55 jobs in the area. Construction of the new dairy facility, which will include about 6,000 milking cows, is expected to begin soon with the dairy starting operations in the fall of 2015.

Twin Cities Metro

The manufacturer of heating, ventilating, and air conditioning systems, Unison Comfort Technologies, announced an expansion plan for its facilities in North Minneapolis that will add 75 new jobs paying an average salary of $16.90 an hour. The company will invest $627,000 to meet the increasing demand for HVAC products. To assist, DEED will contribute $400,000 from the Minnesota Job Creation Fund after the company meets its hiring and investment commitments.

Safe Reflections is expanding its reflective apparel solutions operation in Oakdale by adding a new 39,000-sq. ft. plant, increasing production capacity by 50 percent and increasing its workforce from 34 to 54 employees.

Southern

Halcon Furniture, headquartered in Stewartville, unveiled a $3.3 million expansion project, which will add 15,000 sq. ft. to its headquarter and create about 50 new jobs paying an average of $14 per hour over the next two years. To assist with the expansion project and creation of jobs, DEED will provide the company with $175,000 from Minnesota Job Creation Fund. The company is also working with the city council to approve a $400,000 tax increment finance (TIF).

Eagan-based farm, ranch, and pet supplier Miller Manufacturing announced a $3 million expansion project to its distribution center in Glencoe, which will create 20 jobs. The company will receive $185,000 from the Minnesota Job Creation Fund if the company meets its performance goals.

Jimmy John's is investing $145,000 in a plan to open a new 1,400-sq. ft. location in Worthington. Construction began on October to build the new restaurant which is expected to create 15 to 20 jobs.

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