Nu-Tek project in Austin getting $175,000 in state money

New facility expected to create 19 jobs.
Posted: Apr 28, 2021 12:12 PM
Posted By: Mike Bunge
ST. PAUL, Minn. – A new economic development in Austin is getting financial assistance from state government.
The Minnesota Department of Employment and Economic Development (DEED) says $175,000 is going to Nu-Tek BioSciences to open their first manufacturing facility in Austin. The funding will help the company, a manufacturer of ingredients used in the development and production of pharmaceuticals, create 19 high quality jobs over the next two years.
That money is part of $1.67 million in incentives going to six businesses around Minnesota. The other companies receiving funds are:
Bemidji Steel Company Inc., Hubbard County – $100,000

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