Minnesota Department of Employment and Economic Development  Announces More Than $7.4 Million Statewide for Business Expansion 

The Minnesota Department of Employment and Economic Development (DEED) announced more than $7.45 million in business expansion funding, expected to create 430 jobs and leverage more than $270 million in outside investment at six businesses. 

The funding comes from DEED’s Job Creation Fund and the Minnesota Investment Fund. The Job Creation Fund provides financial incentives to new and expanding businesses that meet certain job creation and capital investment targets. Eligible companies were able to receive up to $2 million for creating or retaining high paying jobs and for constructing or renovating facilities or making other property improvements.     

The following projects to receive funding are. 

Boston Scientific Corporation, Maple Grove – $6,000,000

Kannegiesser ETECH, Minneapolis – $175,000 

Natural American Foods Inc., Lakeville – $140,000 

Solugen Inc., Marshall – $760,000 

Sunrise Fiberglass LLC, Wyoming – $160,000 

Upper Lakes Foods, Inc., Cloquet – $220,000

More information on the specific projects can be found on DEED’S website mn.gov/deed.