Polaris Industries Inc. Plans Expansion Of Its Plymouth, Minnesota, Operations Campus
The Medina-based company said it will purchase and renovate an existing 120,000-square-foot building that will house off-road vehicles including military and commercial, parts, garments and accessories and related businesses, sales, sales operations, dealer development, corporate marketing, Polaris acceptance, financial services, information systems and the interactive team. About 400 employees, many of whom are currently located at other local Polaris sites, are expected to work in the building.
As an incentive, Minnesota Department of Employment and Economic Development is assisting with the expansion with $800,000 from the Minnesota Job Creation Fund. Polaris will receive the funding once it has completed the expansion and added the jobs.
“We are grateful to the state of Minnesota for their support as we continue to invest in our shared future,” said Bennett Morgan, President/Chief Operations Officer. “This additional facility will give us room to address both current and future business needs as we continue to experience record growth and build on our 60-year history of working in Minnesota.”
“Minnesota has been home to Polaris for nearly 60 years,” said Governor Mark Dayton. “During that time, the company’s continued expansion has created thousands of new jobs for hard-working Minnesotans. I congratulate Polaris on its tremendous success.”
“Polaris is a homegrown Minnesota business that was an early pioneer in designing and manufacturing snowmobiles,” said DEED Commissioner Katie Clark Sieben. “We’re proud of what Polaris has accomplished over the past 60 years and congratulate the company on its latest expansion.”
Polaris, a publicly traded company with annual sales of $3.8 billion, began in Roseau in 1954 with the debut of a vehicle that could travel on snow. That vehicle –the company’s first snowmobile – was sold to Roseau lumberyard owner "Silver Pete" H.F. Peterson for $465 in order to meet company payroll. Over the next 60 years, the company expanded production from snowmobiles to all-terrain vehicles, side-by-side vehicles, motorcycles and on-road electric/hybrid powered vehicles. In addition to its corporate headquarters in Medina, Polaris has operations in Roseau and Wyoming, Minnesota; Spirit Lake and Milford, Iowa; Vermillion, South Dakota; Osceola, Wisconsin; and Monterrey, Mexico. The company has more than 5,000 employees.
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