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.