May 15, 2019 09:50 AM
Business expansion projects in four Greater Minnesota communities and two metro locations will create more than 200 new jobs over the next three years, the Minnesota Department of Employment and Economic Development (DEED) says.
DEED is supporting the projects by awarding the businesses grants totaling $1.5 million from the Job Creation Fund.
The fund is a pay-for-performance program that provides funding to businesses that meet certain criteria, including creating at least 10 full-time jobs in the Twin Cities metro and investing at least $500,000, or in Greater Minnesota, creating at least five full-time jobs and investing $250,000 or being owned by 51 percent minority, veterans, women or persons with disability.
The following businesses were awarded grants from the Job Creation Fund, and in the following amounts:
DEED is the state's principal economic development agency, working to promote business recruitment, expansion and retention, workforce development, international trade and community development.
You can find more on the businesses and the Job Creation Fund here.
Created: May 15, 2019 09:50 AM
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