Growth plans include 22 new jobs
9/7/2017 9:05:22 AM
Shane Delaney, 651-259-7236
ST. PAUL – Communications technology company Pace International Inc. will invest $1.95 million and hire an additional 22 workers in an expansion of its facilities in Rochester.
The company said it plans to add 9,000 square feet of offices and 9,000 square feet of warehouse space, bringing its total facility footprint in Rochester to 66,000 square feet. The new jobs will be phased in over three years.
The Minnesota Department of Employment and Economic Development (DEED) is supporting the project with a $196,000 grant from the Job Creation Fund. Pace will receive the funding once it has completed investment and job creation commitments.
“I thank Pace International for its continued commitment to Minnesota. The company’s decision to expand in Rochester will help drive economic growth in our state and create new job opportunities for Minnesota workers,” said Lt. Governor Tina Smith. “With an investment from the Minnesota Job Creation Fund, this project is a great example of how the private and public sectors can work together to grow the economy and create jobs.”
“Pace is a family business that has grown steadily in Rochester over the past 45 years,” added DEED Commissioner Shawntera Hardy. “The company’s $1.95 million investment represents a major commitment to the city and the region.”
Pace was founded by Jim Deutsch in 1972 as a distributor of parts for televisions, record players, home appliances and other consumer electronics. In addition to televisions and appliances, the company today provides communications hardware, Dish Network satellite TV content, and installation tools to businesses throughout the United States and Canada.
Pace customers include manufacturers, system operators and consumers in the hospitality, multifamily housing, medical, recreational vehicle and education industries. Deutsch’s son, Patrick, is Pace’s CEO, and grandsons Eric and Tim Deutsch also hold executive positions at the company.
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 in the Twin Cities metro and create at least five full-time jobs and invest at least $250,000 in Greater Minnesota.
Since the Job Creation Fund was launched in January 2014, DEED has awarded nearly $33 million for 73 business expansion projects in Minnesota. Companies have committed to creating 4,338 full-time jobs and investing $923.8 million to expand.
Go to the DEED website for more details about the Job Creation Fund .
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 its services, visit the DEED website or follow us on Twitter .
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.