With help from Minnesota Investment Fund, Shutterfly breaks ground in Shakopee
ST. PAUL, MN – At a groundbreaking ceremony today, Governor Mark Dayton, Mayor Brad Tabke, other state and local officials, and executives of Shutterfly, Inc. got a picture of what a new 217,000 sq. ft. manufacturing facility will look like in Shakopee. The company, based in San Francisco, is expanding its operations to include a manufacturing facility in Minnesota, creating hundreds of new full- and part-time jobs in the state.
"Shutterfly's expansion will bring hundreds of new jobs to Shakopee and Minnesota,” said Governor Dayton, who met with Shutterfly executives earlier this summer in San Francisco. “Great credit goes to the City of Shakopee, Scott County, the Minnesota Department of Employment and Economic Development, and Greater MSP for this tremendous achievement."
The move was aided in part by a loan of up to $1 million from the Minnesota Investment Fund – an incentive tool, which helps the State of Minnesota compete successfully for businesses and the jobs that come with it.
"We are absolutely thrilled to welcome Shutterfly to Minnesota,” said DEED Commissioner Katie Clark Sieben. “Shutterfly ranked ninth in Forbes' fastest growing companies in 2013 and is also ranked as one of the best places to work. Minnesota has the talented and productive workforce to help fuel Shutterfly’s rapid growth."
About Shutterfly, Inc.
Shutterfly, Inc. is the leading manufacturer and digital retailer of high-quality personalized products and services offered through a family of lifestyle brands. Founded in 1999, the Shutterfly, Inc. family of brands includes: Shutterfly, Tiny Prints, Wedding Paper Divas, Treat and MyPublisher. The company is currently led by CEO Jeffrey Housenbold, who joined the company in 2005.
About the Minnesota Investment Fund
The Minnesota Investment Fund (MIF) is an incentive tool that helps Minnesota compete with other states and nations for new manufacturing and high-tech jobs. This session, Governor Dayton and the Minnesota Legislature invested an additional $30 million of ongoing funding in the program, increasing the size of the Minnesota Investment Fund by tenfold, which will help create thousands of new jobs in Minnesota.
Photo: Governor Dayton, Shutterfly executives, and local officials break ground in Shakopee for a new 217,000 sq. ft. manufacturing facility that will bring hundreds of new jobs to Minnesota.