Illume Holding Relocates Operations to Maple Grove, Minnesota
Owned by California-based Regent Holding Co., Illume is a global brand offering home fragrance and personal care products. Regent Holding, a major competitor in the U.S. gift and home accessories market, acquired Illume in 2016.
Illume plans to move into a new 288,000-square-foot leased facility in the Arbor Lakes Business Park in Maple Grove. The move will enable the company to consolidate its operations to a single site.
As an incentive, the Minnesota Department of Employment and Economic Development is supporting the project with a $175,000 grant from the Job Creation Fund and a $450,000 loan from the Minnesota Investment Fund.
The Job Creation Fund is a pay-for-performance program that provides funding 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 in the Twin Cities metro and create at least five full-time jobs and invest at least $250,000 in Greater Minnesota.
“Illume is growing rapidly in both domestic and international markets,” said DEED Commissioner Shawntera Hardy. “The new headquarters will consolidate the company’s employees under one roof and position the business for continued growth.”
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