Ribbon Cutting: Valley Cartage Moves Headquarters to Minnesota
Celebrating the opening of Valley Cartage's new headquarters in Lake Elmo.
This week, Minnesota’s economy and job market just got even better. Trucking and shipping company Valley Cartage completed a move from Hudson, Wisconsin to Minnesota – the result of a $940,000 economic development package from the state of Minnesota. Valley Cartage’s new headquarters occupies a 26,000 square-foot building located in the Eagle Point Business Park in Lake Elmo.
The move isn’t just good for Valley Cartage; it’s also good for Minnesotans. The move means an estimated 50 new jobs in Minnesota—paying an average salary of $52,000—with an anticipated $30 million economic impact for the state!
Valley Cartage received $500,000 from the Minnesota Investment Fund and $400,000 from the Minnesota Department of Employment and Economic Development’s (DEED) Job Skills Partnership Program. To celebrate Valley Cartage’s move DEED Commissioner Katie Clark Sieben will attend the ribbon cutting ceremony at the company’s new headquarters today.
To make the move a reality, DEED, Washington County, and the city Lake Elmo offered Valley Cartage support to help them cross the river. To help Valley Cartage bring new, good-paying jobs to Minnesota, they received an economic development package comprised of tax abatement, a forgivable loan, job training funds and energy credits.
Governor Mark Dayton and the DFL legislature are committed to creating new jobs for Minnesotans. This year, they provided $8.4 million for the Job Skills Partnership – ensuring this program can help businesses expand and hire Minnesotans.