Graco, internationally recognized manufacturer of fluid handling equipment for industrial and commercial applications, plans invest $73 million to expand its operations, 25 miles northwest of Minneapolis, at the David A. Koch Center in Rogers, Minnesota. The company plans to create 84 jobs during the next four years.

Graco said the project will add 480,000-square-feet to the existing 316,000-square-foot manufacturing, office and product development facility.

The Minnesota Department of Employment and Economic Development is supporting the expansion with a $700,000 loan from the Minnesota Investment Fund and an $800,000 grant from the Job Creation Fund. The company will receive the funding after it meets investment and hiring commitments.

"Graco considered multiple U.S. sites for this project but ultimately chose to expand in Rogers," said DEED Commissioner Shawntera Hardy. "The company's decision is a testament to the area's talented workforce and access to transportation infrastructure."

The company's David A. Koch Center, named after the company's former president, CEO & Chairman, is the worldwide headquarters for its Contractor Equipment Division. Graco expects to break ground in November and will continue current operations in the space throughout the project. The project is scheduled to be completed by the end of 2019.