In the News
Katelyn France was the first of five startup entrepreneurs to explain their concepts and their needs in "Shark Tank" style at the Natural Resources Research Institute. Their panel, seated together on a couch, consisted of Gov. Tim Walz; Steve Grove, commissioner of DEED; and Melissa Hortman, speaker of the Minnesota House of Representatives.
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A few years ago, when executives at DigiKey Electronics began to plan an expansion project, they looked at several possible locations in the Midwest. That wasn’t surprising, considering the Thief River Falls electronic parts distributor expected that it would need to hire another 1,000 workers but was, at the same time, located in one of the more lightly populated regions of Minnesota – one with a tight labor market to boot.
Cottage Grove has given the green light to a $54 million factory that will turn air into money. That’s the business model of Airgas USA, a Philadelphia-based company that sells liquid oxygen, nitrogen and argon for use in manufacturing, medicine and other industries. To land the deal, the state has estimated Airgas is eligible to receive up to $175,000 from the Minnesota Job Creation Fund and $250,000 in forgivable loans through the Minnesota Investment Fund
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Recent Press Releases
Minnesota exports of goods grew 10 percent between 2017 and 2018, reaching a record high of $23 billion, according to a report released today by DEED. U.S. exports grew 8 percent during the same period. Minnesota’s solid export performance led to the state’s ranking rising to 20th highest in exports among all states in 2018, up from 23rd last year. Export growth was strong, even within an environment of continued uncertainty created by changing trade policies in the U.S. and trading partners.
DEED announced that Northrop Grumman plans to improve their existing 191,000 square foot facility in Plymouth, Minnesota, and is expected to create more than 60 new high quality jobs during the next three years. DEED is supporting the project with a $600,000 loan from the Minnesota Investment Fund, and $700,000 from the Job Creation Fund.
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