DEED Awards $1.67 Million from the Job Creation Fund
28 Apr 2021
St. Paul – The Minnesota Department of Employment and Economic Development (DEED) today announced $1.67 million in Job Creation Fund awards for six Minnesota businesses.
These businesses 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,” said DEED Commissioner Steve Grove. “These public-private partnerships to expand jobs in Minnesota will continue to be a big part of our recovery.”
The Job Creation Fund provides financial incentives to new and expanding businesses that meet certain job creation and capital investment targets. Companies deemed eligible to participate may receive up to $1 million for creating or retaining high-paying jobs and for constructing or renovating facilities or making other property improvements.