Vision Processing Technologies Expands Its Campus In Owatonna, Minnesota
07/01/2014
Vision Processing moved to Owatonna in 2010 after being headquartered in Litchfield, where it still has a production facility. As an incentive, Minnesota Department of Employment and Economic Development is assisting Vision Processing with the expansion, providing the company with a $400,000 low-interest loan from its Minnesota Investment Fund. “The city of Owatonna also assisted with this expansion of Vision Processing Technologies. The city approved tax increment financing for the project. The estimated tax increment to be contributed to the project amounts to approximately $380,000,” said Owatonna Community Development Director Troy Klecker. “This was a great project to partner with the state to help grow a Minnesota company right here in Owatonna.”
“I congratulate Vision Processing Technologies on their new expansion and for the 20 new jobs this expansion will create in Owatonna,” said Governor Mark Dayton. “This business expansion – and the many others that have been made possible with help from the Minnesota Investment Fund – offer good news for our state, our economy and the many Minnesotans these businesses employ.”
“Vision Processing Technologies is an innovative company that is growing and contributing to the economy of Owatonna and the surrounding area,” said DEED Commissioner Katie Clark Sieben. “We’re pleased that we can help this company expand and bring new jobs to southeastern Minnesota.”
Project Announcements
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
Republic Airways Holdings Plans Tuskegee, Alabama, Training Operations
04/18/2024
South Africa-Based Radel Plans Winston-Salem, North Carolina, Operations
04/18/2024
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
-
Manufacturing Momentum Is Building
Q1 2024
-
Making Hybrid More Human in 2024
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