Japan-Based Daikin Applied Americas Plans $9 million Expansion At Its Owatonna, Minnesota, Manufacturing Plant
The company, a subsidiary of Japan-based Daikin Industries Ltd., which specializes in making heating, ventilation and air conditioning systems for the commercial sector, said it will expand an existing facility at 1001 21st Ave. NW. Daikin Applied has had manufacturing operations in southern Minnesota since 1949 and also has operations in Faribault.
The Minnesota Department of Employment and Economic Development is partnering with Daikin Applied on the expansion, awarding the company $880,000 from the Minnesota Job Creation Fund. The company must meet job creation goals and other performance measures in order to receive the funding.
“The Minnesota Job Creation Fund was launched just six months ago. It has already helped finance business expansions, like Daikin Applied’s, throughout our state, which have added hundreds of new jobs,” said Governor Mark Dayton. “I thank Daikin Applied for its very important expansion in Owatonna and for its continued commitment to Minnesota.”
“Daikin Applied’s expansion of its Owatonna facility is good news for the city and the state,” said DEED Commissioner Katie Clark Sieben. “We’re pleased to help this global company expand its footprint and bring new jobs to southeastern Minnesota.”
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