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      Polaris Partners with Minnesota Job Creation Fund for Twin Cities Expansion

      Posted on August 04, 2014 at 11:25 AM

      Polaris R&D facility in Wyoming, MN

      Illustration of Polaris's R&D facility in Wyoming, MN constructed last year in 2013, employing 675 workers. Image courtesy of Polaris Industries.

      Polaris Industries Inc., manufacturer of innovative, high quality off-road vehicles, including all-terrain vehicles, snowmobiles, motorcycles and on-road electric/hybrid powered vehicles, is creating 100 new jobs in conjunction with a $20 million office expansion project in Plymouth.

      The Medina-based company says it plans to buy and renovate an existing 120,000-square-foot building that will house off-road vehicles, both military and commercial, parts, garments and accessories and related business. About 400 employees, many of whom are currently located at other local Polaris sites, are expected to work in the building.

      “Minnesota has been home to Polaris for nearly 60 years,” said Governor Dayton. “During that time, the company’s continued expansion has created thousands of new jobs for hard-working Minnesotans. I congratulate Polaris on its tremendous success.”

      The Minnesota Department of Employment and Economic Development is assisting with the expansion with $800,000 from the Minnesota Job Creation Fund. Polaris will receive the funding once it has completed the expansion and added the jobs.

      “We are grateful to the state of Minnesota for their support as we continue to invest in our shared future,” said Bennett Morgan, president and chief operations officer. “This additional facility will give us room to address both current and future business needs as we continue to experience record growth and build on our 60-year history of working in Minnesota.”

      The Job Creation Fund, which was first proposed by Governor Mark Dayton to encourage job growth in Minnesota, will award $24 million in business incentives that were approved in the 2013 legislative session. Officials said the program is helping the state to compete for new jobs and businesses.

      “Polaris is a homegrown Minnesota business that was an early pioneer in designing and manufacturing snowmobiles,” said DEED Commissioner Katie Clark Sieben. “We’re proud of what Polaris has accomplished over the past 60 years and congratulate the company on its latest expansion.”

      Polaris, a publicly traded company with annual sales of $3.8 billion, began in Roseau in 1954 with the debut of a vehicle that could travel on snow. That vehicle –the company’s first snowmobile – was sold to Roseau lumberyard owner "Silver Pete" H.F. Peterson for $465 in order to meet company payroll.

      Over the next 60 years, the company expanded production from snowmobiles to all-terrain vehicles, side-by-side vehicles, motorcycles and on-road electric/hybrid powered vehicles. 

      Last year, Polaris created 350 good jobs with the construction of a research and development facility in Wyoming, MN with the support of the Minnesota Investment Fund. Learn more here.