DEED Announces $2.1 Million in Funding for Job Creation and Business Expansion in Minnesota
Tuesday, June 14, 2022
St. Paul – The Minnesota Department of Employment and Economic Development (DEED) today announced $2.1 million in funding for three Minnesota businesses. These businesses are expanding their locations or moving to Minnesota and are expected to create 165 new jobs over the next three to five years. This funding is expected to leverage more than $19.5 million in investment to the state.
Individual Projects Listed Below:
Cirrus Design Corporations, Duluth - $500,000 MIF - $695,000 JCF
Cirrus is purchasing an existing Maintenance, Repair and Overhaul (MRO) building at the Duluth Airport and converting it to a Product Development Innovation Center. The total project cost is just over $4 million and is expected to create 80 jobs over the next three years with an average wage of $45.97 per hour.
To view full article, visit Minnesota Department of Employment and Economic Development