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      Canadian Company Chooses Minnesota for U.S. Headquarters

      Posted on December 19, 2013 at 12:00 PM

      2013_12_19_price_industries.jpg

      Governor Mark Dayton and Bruce Dovey, Price Industries, senior vice president


      Brutal winters, bird-sized mosquitoes, and a love of hockey. Minnesota and Manitoba have more than a few things in common. And shortly, we will share one more: Price Industries. Today, the company announced plans to build a new design center in Maple Grove, Minnesota. The design center expected to open in 2014 will employ 40 people. In addition to housing research and development operations, the new facility will serve as the Winnipeg-based company’s U.S. headquarters.

      Governor Mark Dayton worked closely with Minnesota’s Department of Employment and Economic Development and Price Industries to make this project happen.

      At the announcement, Gerry Price, Chairman and CEO of Price Industries, said, “Price is pleased to make this significant investment in its new development center in Minnesota, and is thankful for the assistance from the State to make this possible. Governor Dayton and his team really stepped up to the plate and demonstrated their support to grow.”

      The new project also is a testament to Minnesota’s highly skilled workforce.

      “We are excited and proud to develop advanced, high efficiency products here in the State of Minnesota,” said Ron Hanlon, President and CEO of Price Mechanical. “We studied various locations around North America and chose Minnesota due to the availability of great engineering and technical workers, as well as a demonstrated innovative and productive work force.”

      In the future, Price is considering plans to construct a U.S. factory that will generate hundreds of new jobs. This new research and development facility in Maple Grove will make Minnesota a prime contender for that project, and the jobs that will come with it.  
       
      Today’s announcement is still another indicator of economic growth in Minnesota. Forbes recently ranked Minnesota the eighth-best state to do business in the United States, and the U.S. Department of Labor reported Minnesota had the fifth-fastest growing economy in the nation in 2012. During the past three years, more than 122,000 new jobs have been created in Minnesota, regaining all the jobs lost during the Great Recession.

      Despite this progress, Governor Dayton remains focused on growing Minnesota’s economy and supporting job creation.