Governor Dayton's Job Creation Fund helped Cardiovascular Systems add 205 jobs at its New Brighton site
NEW BRIGHTON – Medical device manufacturer Cardiovascular Systems Inc. announced plans today to build a $30 million headquarters in New Brighton and to expand its workforce with 205 new, high-paying jobs within two years.
The company said it will build a two-story, 125,000-square-foot building with office, research and development, and manufacturing space at the New Brighton Exchange, a 100-acre site at the northwest corner of Interstates 35W and 694.
Cardiovascular Systems currently employs 191 workers at its existing headquarters in New Brighton, about 2 miles south of the new site. The new headquarters building, which is expected to be completed next March, will have the capacity to accommodate 500 workers.
"This is great news for Minnesota,” said Governor Mark Dayton. "We are very pleased that Cardiovascular Systems Inc. has chosen New Brighton for its new headquarters. I thank CSI for this important expansion that will add 205 good-paying jobs to our state."
This artistic rendering depicts what the Hormel Institute will look like after the expansion
Governor Dayton traveled to Austin, Minnesota yesterday to celebrate the expansion of the Hormel Institute. In partnership with the Mayo Clinic and University of Minnesota, the Hormel Institute performs cutting edge cancer research. The new expansion will double the institute’s size and help it maintain its reputation as a global leader in the field.
Governor Dayton addresses a joint convention of the Minnesota legislature at his 2014 State of the State Address
Remarks of Governor Mark Dayton – As prepared for delivery
State of the State Address
Wednesday, April 30, 2014
When I ran for Governor four years ago, I promised “A Better Minnesota.” Tonight, I can report that the state of our State is better – much better -- than before. It’s better for us, and it’s better for those who will inherit it from us. But the economic growth and social progress we have achieved, also reminds us of the work we still have left to do.
Becoming a parent introduces a longer-term perspective. We begin to consider the effects of our actions not only on our own lives, but also on lives that will extend beyond ours.
Becoming a grandparent, as I did a year-ago, thanks to my terrific son and wonderful daughter-in-law, Eric and Cory Dayton, who are in the gallery tonight, adds another generation to that timeline. It also raises the stakes.
Somewhere down the road, my grandson and his generation will assess the state of the state we have left to them. They will decide whether we, through our actions or inactions, made their lives better. Let’s keep them in mind, as we choose our state’s path.
In my first State of the State, three years ago, I said, “I know what we must do to create that better future for all of us. To progress, we have to invest.
“We have to invest in more jobs. Invest in better education. In improved transportation. In the health of our citizens, our communities, and our environment. In the transformation of government services.”
In other words, we have to invest in growth, quality, and effectiveness.
JOBS & ECONOMIC DEVELOPMENT
Well, we invested in jobs. Minnesota’s private sector and public sector both invested in jobs. We are blessed with so many outstanding businesses, located everywhere in our state, operating everywhere in the world – and who, during the past three years, rediscovered that they can be successful and profitable here in Minnesota. As a result, we have the 5th fastest growing economy in the country.
There are more than 2.8 million jobs in Minnesota today. More jobs than ever before in our state’s history. 150,000 more jobs than when I became Governor three years ago.
This economic growth is happening all over our state. A recent newspaper story was entitled, “Lots of jobs find a home on the prairie in southwestern Minnesota.” It said that, for example, Jackson County reported a 5 percent increase in jobs during 2013. The City of Jackson’s economic development coordinator is quoted saying that, “Everybody who is able to work, and willing, is probably employed.”
Jackson’s largest employer, AGCO, has doubled its workforce to more than 1,300. Nearby, HitchDoc, which manufactures automotive and farm equipment for 300 customers, has grown from a dozen employees to 140. “And I’m looking for another 30,” said the company’s owner, Brad Mohns. “I’m turning down work, because I can’t find enough employees.”
Some people believe there is no role for government in private sector expansion and job creation. To see that they’re mistaken, just look around Minnesota.
There would not be a new stadium under construction in Minneapolis without the financial support of the City and the State of Minnesota. 7500 construction workers will have jobs building that stadium over the next couple years. Over one-third of them will be people of color.
Located right next to the stadium will be a $400 million private sector development, the largest in a generation. It will provide office space for 5000 Wells Fargo employees, residential apartments, stores and shops, a hotel, and a new, two-block public park. Its construction will employ another 1000 Minnesotans. And that is just the beginning of the area’s revitalization.
The new tax cuts will provide Ching and Pi Lee an estimated $180 that they can save or spend in our local economy.
By 1986, Ching Lee decided it was time to leave Taiwan and join his extended family, who had already immigrated to the Twin Cities. Trained as mechanical engineer in Taiwan, Ching was able to find work as a manufacturing technician for a high-tech company in the West Metro.
A new country and a new job were not the only changes for Ching in 1986. He also fell in love with and married a fellow Taiwanese transplant, Pi Liu. Not strangers, Pi and Ching first met in Taiwan before becoming reacquainted in Minnesota.
Photo credit: Flickr user ndboy
Bees are receiving their share of the spotlight during this year’s legislative session. Governor Dayton’s bonding proposal recommends investing $12 million in the University of Minnesota Bee research laboratory, which will foster the expansion of agriculture research and help revitalize Minnesota’s bee population.
The work of pollinators is vital to the health of numerous fruits, vegetables, and crops worldwide, accounting for one in every three bites of food. These busy insects improve the vitality of nearly half of Minnesota’s entire crop production, which translates to thousands of jobs. Overall, Minnesota’s farm and foods sectors generate $74 billion in annual economic activity for our state – helping to sustain communities across the state. The declining population is a growing concern, and Governor Dayton’s recommendation is a promising investment for thousands of Minnesota farmers.
The Minnesota Department of Employment and Economic Development announced today that Minnesota ranked fifth among states in employee perceptions of job creation at their workplaces, according to a new study released by the Gallup organization.
“The Gallup Job Creation Index results are another positive indication of a strong economy in Minnesota,” said Katie Clark Sieben, commissioner of the Minnesota Department of Employment and Economic Development (DEED). “High scores in the index strongly correlate with standard of living and confidence in the economy rankings.”
If Minnesota is selected as host, it will be only the second time in NFL history and the first since 1992 when Super Bowl XXVI was held at the Hubert H. Humphrey Metrodome.
Governor Mark Dayton announced today that an organized campaign is underway to pursue Super Bowl LII, happening February 4, 2018. Governor Dayton announced the following three Minneapolis-St. Paul business leaders to co-chair the effort:
• Doug Baker, Chairman and Chief Executive Officer, Ecolab
• Marilyn Carlson Nelson, former Chairman and Chief Executive Officer, Carlson
• Richard Davis, Chairman/President/Chief Executive Officer, U.S. Bancorp
“The Super Bowl is the most watched annual event in the world. In addition to game attendees, it brings over 100,000 people to the host community for a weeklong celebration,” said Gov. Dayton. “Hosting the Super Bowl would bring enormous economic benefits to many Minnesota businesses, as well as provide a terrific opportunity to again showcase Minnesota to the world.”
On Friday, Governor Mark Dayton and DEED Commissioner Katie Clark Sieben announced the launch of a new Minnesota Job Creation Fund at the state Capitol; a new economic development initiative that will help create 5,000 new jobs and attract an estimated $450 million in private investment into Minnesota’s economy.
Today at the Minnesota State Capitol, Governor Mark Dayton and Commissioner Katie Clark Sieben announced that businesses looking to expand their operations and hire new workers in Minnesota may now qualify for assistance from the newly-created Minnesota Job Creation Fund. This pay-for-performance business development initiative, administered by the state’s Department of Employment and Economic Development (DEED), will help create an estimated 5,000 new jobs statewide and attract another $450 million of private investment into Minnesota’s growing economy.
“Over the last three years Minnesota has added more than 122,700 new jobs, regaining all the jobs that were lost during the Great Recession,” said Governor Dayton. “But we cannot afford to rest on our laurels now. The strength of our economy and the security of middle class Minnesota families depend on the investments we make today to accelerate job growth and get every Minnesotan back to work. Every job matters; and that is why initiatives like the Minnesota Job Creation Fund are so important.”
The $24 million Minnesota Job Creation Fund, proposed by Governor Dayton and passed by the Minnesota Legislature in 2013, will replace the state’s JOBZ program, which is set to expire in 2015. The new fund will provide up to $1 million to businesses after they meet certain criteria, including minimum requirements for job creation and private investment. Under the program, businesses must create at least 10 full-time jobs and invest at least $500,000 in their own developments to be eligible for financial assistance.
“The Minnesota Job Creation Fund will not only provide access to capital for businesses that need assistance to expand or move their operations to Minnesota, but it will add high-quality jobs to the state’s economy,” said DEED Commissioner Katie Clark Sieben. “This pay-for-performance tool will continue the economic momentum we have built since recovering from the recession.”
The Department of Employment and Economic Development is currently accepting Minnesota Job Creation Fund applications from businesses seeking financial assistance to expand or locate in Minnesota. Businesses engaged in manufacturing, warehousing, distribution, and technology may be eligible for assistance. Companies must work with the local government (city, county or township) where a project is located in order to be eligible for assistance. More details about the Minnesota Job Creation Fund, including program requirements and application materials, are available on the DEED website at www.tinyurl.com/JobCreationFund.
Governor Mark Dayton Signs 2013 Jobs Bill
Since Governor Dayton took office in 2011, Minnesota has added over 122,000 new jobs – recovering all the jobs that were lost during the Great Recession. The Governor has taken action to strengthen our economy and create a stable environment for businesses to expand and create jobs. With a fair and balanced budget, new investments in education at every level to strengthen our skilled workforce, and targeted investments in economic development that will leverage billions of dollars in private investment, Governor Dayton has provided additional tools to accelerate our recovery and create economic opportunity for the middle class.