The expansion projects aim to create nearly 300 new jobs.
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The Minnesota Department of Employment and Economic Development said additional businesses in the state will benefit from Job Creation Fund awards.
In total, $1.67 million in awards will go to six Minnesota businesses, which are expanding or building new locations in Minnesota and are expected to create 297 new jobs over the next three to five years.
“I congratulate these six businesses on their expansion,” DEED Commissioner Steve Grove said in the announcement on Wednesday, April 28. “These public-private partnerships to expand jobs in Minnesota will continue to be a big part of our recovery.”
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