Minnesota stands to gain nearly 1,000 jobs from expansion projects companies announced in the second quarter of this year.
From April through June, various companies revealed plans to invest $241 million in 22 projects. Among them, Andersen, the window and door manufacturer, expects to add 100 full-time jobs at its manufacturing facility in Bayport. Meanwhile, Cardiovascular Systems, a New Brighton medical device manufacturer, will build a new headquarters, while adding about 200 jobs in the next two years.
"We're seeing growth state-wide. About half of the projects were in greater Minnesota and half were in the Twin Cities," said Katie Clark Sieben, the commissioner of the Minnesota Department of Employment and Economic Development. Fifteen of the 22 expansions were in manufacturing. Three of the projects involved investments by firms in China, Canada and Germany."
"The particularly exciting thing about this quarter's report of business expansions is the level of private investment. We saw nearly triple the number of investments in this year's first quarter," she said.
The state is providing subsidies of $9.5 million or about $10,000 per additional job. Local communities are also chipping in. DEED did not provide a specific amount of local contributions.