A company that specializes in building customized precision-machined components, Swan Machine Inc. plans a $1.9 million expansion at its manufacturing plant in Grand Rapids, Minnesota.
According to state officials, the firm will add 13,000 square feet of manufacturing space at its Grand Rapids operation to help support and grow the business. The new jobs will be created over the next three years.
Swan Machine manufactures parts for guns, paint spray equipment, electronic housings, semi-trailers and agricultural equipment. Swan and its sister company, Kit Masters, employ more than 150 people in Perham and Grand Rapids.
As an incentive, the Minnesota Department of Employment and Economic Development is supporting the project with a $191,479 grant from the Job Creation Fund. The company will receive the funding once it has completed its investment and hiring goals.
“I thank Swan Machine for its continued commitment to Minnesota. This expansion will create new economic opportunities for Minnesota workers in a growing industry,” said Lt. Gov. Tina Smith. “This expansion further highlights the importance of programs like the Job Creation Fund in fostering the development of new job opportunities across Minnesota.”
“Swan Machine is seeing steady growth, thanks to its use of cutting-edge technology and equipment,” said DEED Commissioner Shawntera Hardy. “This project will bring new jobs and investment to Grand Rapids and help the company stay on its current growth trajectory.”