Company expanding operations, adding 37 jobs
5/5/2016 3:20:26 PM
Monte Hanson, 651-259-7149
ST. PAUL – Hearth & Home Technologies is adding 37 jobs as part of a $1.45 million expansion of its manufacturing facilities in Lake City.
The Lakeville-based maker of fireplace products said it plans to convert 20,000 square feet of warehouse space in Lake City into an engineering lab, offices and testing space. The company also plans to add significant production volume across additional shifts. The new jobs created will be in professional and manufacturing roles, with the manufacturing positions expected to pay $14 to $16 an hour.
The Minnesota Department of Employment and Economic Development (DEED) is supporting the expansion with $194,010 from the Job Creation Fund. Hearth & Home Technologies will receive the funding after meeting its hiring and investment commitments.
“Hearth & Home Technologies is the largest manufacturer and supplier of fireplaces, stoves and hearth products in the world,” said DEED Commissioner Shawntera Hardy. “We’re grateful to the company for bringing new jobs to the Lake City area and investing in Minnesota.”
The company, which was founded in 1927, manufactures and installs wood burning, natural gas and electric fireplaces; wood, pellet and gas fireplace inserts; gas logs; mantels; and related products.
Hearth & Home Technologies products are sold through dealers in the United States and internationally. The company is a subsidiary of Muscatine, Iowa, based HNI Corp.
The Job Creation Fund, which was first proposed by Gov. Mark Dayton in 2013, is a pay-for-performance program that provides funding to businesses after they meet certain criteria, including minimum requirements for job creation and private investments. Under the program, businesses must create at least 10 full-time jobs and invest at least $500,000 to be eligible for financial assistance.
Since the Job Creation Fund was launched in January 2014, DEED has awarded $30.2 million for 62 business expansion projects in Minnesota. Companies have committed to creating 3,792 full-time jobs and investing $676.9 million to expand.
DEED is the state’s principal economic development agency, promoting business recruitment, expansion and retention, workforce development, international trade and community development. For more details about the agency and our services, visit us at the DEED website (http://mn.gov/deed) or go to our Twitter account (http://twitter.com/mndeed).
Upon request, this information can be made available in alternate formats for people with disabilities by contacting the DEED Communications Office at 651-259-7161.