Illume Holding Relocates Operations to Maple Grove, Minnesota
04/05/2018
Owned by California-based Regent Holding Co., Illume is a global brand offering home fragrance and personal care products. Regent Holding, a major competitor in the U.S. gift and home accessories market, acquired Illume in 2016.
Illume plans to move into a new 288,000-square-foot leased facility in the Arbor Lakes Business Park in Maple Grove. The move will enable the company to consolidate its operations to a single site.
As an incentive, the Minnesota Department of Employment and Economic Development is supporting the project with a $175,000 grant from the Job Creation Fund and a $450,000 loan from the Minnesota Investment Fund.
The Job Creation Fund 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.
“Illume is growing rapidly in both domestic and international markets,” said DEED Commissioner Shawntera Hardy. “The new headquarters will consolidate the company’s employees under one roof and position the business for continued growth.”
Project Announcements
Kikkoman Foods Plans Jefferson, Wisconsin, Operations
04/26/2024
BWX Technologies Expands Cambridge, Ontario, Nuclear Production Operations
04/26/2024
Greenheck Group Plans Knoxville, Tennessee, Operations
04/26/2024
Local Bounti Plans Pasco, Washington, Indoor Agricultural Operations
04/26/2024
Innovative Construction Group Plans Siler City, North Carolina, Production Operations
04/26/2024
Crystal Window and Door Systems Plans Mansfield, Texas, Headquarters-Production Operations
04/25/2024
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
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024