Federal Package Network Invests $7.2 Million In Chanhassen, Minnesota, Operations
12/12/2014
Currently headquartered in Chaska, the company will move to expanded space in the new Powers Pointe multi-tenant facility, located on Powers Boulevard just south of Highway 5. The firm’s $7.2 million investment in a state-of-the-art building will enable it to meet expansion and profitability goals.
As an incentive, the Minnesota Department of Employment and Economic Development will award Federal Package Network $147,161 from the Minnesota Job Creation Fund if the company completes its investment and hiring goals.
“We congratulate Federal Package Network on this expansion and thank them for their continued investment in Minnesota,” said DEED Commissioner Katie Clark Sieben. “This project brings new jobs and investment to Chanhassen and will position the company for continued growth.”
Federal Package Network, which has been working with some of the world’s top drug, health and beauty brands since 1976, specializes in manufacturing, filling and decorating containers for lip balms, sunscreen sticks, adhesives, cosmetics, and other health and beauty aids products.
Chanhassen Mayor Tom Furlong said Federal Package Network decided to stay in the southwestern metro after conducting a nationwide search to find the best place in the country to move the business. “This will allow Federal Package Network to continue to grow and operate a first-class business for their customers and employees. This expansion plan will only help us as a community as we continue to work on expanding our diverse business base in Chanhassen.”
Project Announcements
Campbell Soup Company Expands Richmond, Utah, Baking Operations
03/17/2024
Quantum Fuel Systems Plans Wixom, Michigan, Manufacturing Operations
03/17/2024
The Paslin Company Expands Pontiac-Shelby-Warren, Michigan, Operations
03/17/2024
Schneider Electric Plans-Expands Mt Juliet-Smyrna, Tennessee, Production Operations
03/15/2024
FreezPak Logistics Plans Suffolk, Virginia, Cold Storage Operations
03/15/2024
FrameTec Plans Casa Grande, Arizona, Production Operations
03/15/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The Logistics Analysis That Drives Industrial Site Selection
Q4 2023
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
Technology’s Influence on Workforce Development
Workforce Q4 2023
-
AI 101 for Site Selection
Q4 2023
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023