Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

Vision Processing Technologies Expands Its Campus In Owatonna, Minnesota

07/01/2014
Food ingredients maker Vision Processing Technologies is expanding operations in Owatonna, Minnesota, with the addition of a 15,000-square-foot building. The company, which serves the food and nutraceutical industries, said the project will give it more room to add equipment and expand production.

Vision Processing moved to Owatonna in 2010 after being headquartered in Litchfield, where it still has a production facility. As an incentive, Minnesota Department of Employment and Economic Development is assisting Vision Processing with the expansion, providing the company with a $400,000 low-interest loan from its Minnesota Investment Fund. “The city of Owatonna also assisted with this expansion of Vision Processing Technologies. The city approved tax increment financing for the project. The estimated tax increment to be contributed to the project amounts to approximately $380,000,” said Owatonna Community Development Director Troy Klecker. “This was a great project to partner with the state to help grow a Minnesota company right here in Owatonna.”

“I congratulate Vision Processing Technologies on their new expansion and for the 20 new jobs this expansion will create in Owatonna,” said Governor Mark Dayton. “This business expansion – and the many others that have been made possible with help from the Minnesota Investment Fund – offer good news for our state, our economy and the many Minnesotans these businesses employ.”

“Vision Processing Technologies is an innovative company that is growing and contributing to the economy of Owatonna and the surrounding area,” said DEED Commissioner Katie Clark Sieben. “We’re pleased that we can help this company expand and bring new jobs to southeastern Minnesota.”

Share

Exclusive Research