Digi-Key Electronics Plans New Facility in Thief River Falls, Minnesota
03/22/2018
The four-story product distribution center will provide an additional 2.2 million square feet of usable space to the company's existing Thief River Falls facilities, and will occupy an overall footprint of 1 million square feet. The initial investment is projected at more than $300 Million.
According to company officials, Digi-Key reported 26% growth worldwide in 2017, with sales topping $2.3 Billion, exceeding the $2 Billion mark for the first time in the company's history. The company's success, driven by its employees' dedication to customer service, has allowed Digi-Key to add over 170 employees in 2017, 140 in Thief River Falls.
"Our original commitment was to generate 100 new jobs in Thief River Falls per year over 10 years, above and beyond our 2017 base of 3,200, which was conservative, so we are exceeding our projected employment already," stated Rick Trontvet, Vice President of Administration.
Dave Doherty, President & COO at Digi-Key Electronics, stated, "As our worldwide revenue growth continues, Digi-Key will need to add more team members in Thief River Falls to keep pace with our growth that has been more than double of others in our industry."
Project Announcements
Finland-Based ADMARES Plans Waycross, Georgia, U.S. Manufacturing Plant
06/01/2023
Toyota Plans Georgetown, Kentucky, Electric Vehicle Operations
06/01/2023
Ranger Design Establishes North Charleston, South Carolina, Operations
05/31/2023
Austrian-Based Kronospan Expands Oxford, Alabama, Operations
05/30/2023
TiiCKER Expands Grand Rapids, Michigan, Operations
05/30/2023
Hanon Systems Establishes Bulloch County, Georgia, Operations
05/26/2023
Most Read
-
Is a Flurry of Fads Shaping Economic Development Policy?
Q2 2023
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
Nearshoring — North America’s Next Factory
Q2 2023
-
Front Line: Water Supply Increasingly Affecting Location Decisions
Q2 2023
-
First Person: Labor Crunch in the Construction Industry
Q2 2023
-
Life Science Conversions in Real Estate
Q2 2023
-
19th Annual Consultants Survey: Clients Challenged by Tight Labor Market, Energy Availability
Q1 2023