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Four Minnesota Firms Plan More Than $16 Million In Expansion Projects With State Incentives

09/01/2015
Four companies in Minneapolis, Windom, Wyoming and Mendota Heights plan more than $16 million in expansion projects, with $2.37 million in assistance from the state’s Job Creation Fund. The projects are expected to create 525 new jobs in Minnesota.

“These business expansions are good news for Minnesota. I want to thank these companies for their continued investment in our state,” said Lt. Gov. Tina Smith. “We need to keep on making progress so all Minnesotans have great job opportunities.”

“The Job Creation Fund projects awarded today are a fantastic representation of companies in all parts of the state that are utilizing this program to make new investments and build their workforce,” said DEED Commissioner Katie Clark Sieben. “The combined total of 525 new jobs in a variety of industries will benefit communities in Greater Minnesota, as well as the Metropolitan area.”

The following companies announced expansions in the latest round of funding:

Ability Network Inc., a Minneapolis-based healthcare technology company, plans to invest $518,149 and increase its workforce by 167 employees. DEED has approved the company for $500,000 from the Job Creation Fund.

Fast Manufacturing Inc., Windom-based manufacturer of sprayers and applicators for agricultural use, plans to invest $4.2 million over the next several years in machinery and equipment for its manufacturing facility along with additional site improvements. The expansion will include creation of 143 jobs. The project was approved for $539,375 from the Job Creation Fund.

Polaris Industries Inc., the snowmobile and other off-road vehicle maker, plans a $5.78 million expansion of its research and development facility in Wyoming, Minnesota. The company plans to add 90 jobs. DEED approved the project for $695,000 from the Job Creation Fund.

Prime Therapeutics, pharmacy benefit manager, will invest $5.7 million to improve its current facilities and open a new site in Mendota Heights. Prime Therapeutics said it will create 125 jobs. DEED approved the company for $635,000 from the Job Creation Fund.

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