Over the next three years, Emerson Process Management, a business of Emerson, plans to add another 200 jobs after completing a $26 million expansion of its Rosemount instrumentation manufacturing facility in Shakopee, Minnesota
. These jobs and expansion are part of the company’s plans to invest up to $70 million and add a total of up to 400 jobs over five years.
Emerson Process Management makes and sells Rosemount instruments that measure pressure, temperature, level and flow for a variety of industries. The firm, which has about 2,000 employees in Minnesota, specializes in automation technologies and services for the oil and gas, power, chemical, refining, alternative fuels, life sciences
, pulp and paper, and other industries.
To assist the expansion, the Minnesota Department of Employment and Economic Development
will award Emerson $905,000 from the Minnesota Job Creation Fund
if Emerson meets it performance goals.
“When Minnesota businesses grow, so does Minnesota’s economy,” said Governor Mark Dayton
. “I thank Emerson for their very important expansion that will bring 200 good-paying jobs to Shakopee – jobs that, on average, will pay nearly $18 per hour for hard-working Minnesotans. This expansion, helped by the state's new Job Creation Fund, is great news for Minnesota.”
“The Minnesota Job Creation Fund is living up to its name in a big way, encouraging companies to create jobs throughout Minnesota,” added DEED Commissioner Katie Clark Sieben
. “We’re excited that Emerson is committed to expanding in Shakopee and participating in this new DEED program.”
The Minnesota Job Creation Fund is a new pay-for-performance program that provides up to $1 million 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.