Firms In Alexandria, Litchfield, And Otsego, Minnesota, Plan Expansion With State Grants
To assist with the projects, the Minnesota Department of Employment and Economic Development approved the companies to receive grants totaling nearly $461,000 from the Job Creation Fund, contingent on meeting their hiring and investment commitments.
“Companies have invested more than $580 million on expansion projects in Minnesota since the Job Creation Fund was launched last year,” said DEED Commissioner Katie Clark Sieben. “This program has been a tremendous success, encouraging millions in economic development and the creation of more than 3,700 jobs in the state.”
Expansion projects approved for grants include;
The Alexandria-based Alexandria Extrusion Co., an aluminum extruder, plans to spend $4 million to build a 38,000-square-foot addition. The company expects to create 15 jobs. DEED approved the company for $170,000 from the Job Creation Fund.
Anderson-Crane Co. designs and manufactures bulk material handling equipment, including screw conveyors, screw feeders, bucket elevators, bins, drag conveyors, gates and hoppers. The company plans to build a $1.24 million manufacturing facility adjacent to an existing building in Litchfield. Anderson-Crane said it will create 13 jobs. DEED approved the company for $120,821 from the Job Creation Fund.
P&F Machining Inc., a custom precision manufacturer for the aerospace, medical, agriculture, heavy equipment and medical trial industries, plans to move its facilities from Dayton, Minnesota, to Otsego. The company said it will invest $6.84 million to build a 54,000-square-foot facility in Otsego. P&F will create 17 jobs. DEED approved the company for $170,000 from the Job Creation Fund.
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