POST Online Media Lite Edition



 

Daikin Applied expands in Minnesota, invests $9m

Staff writer |
Daikin Applied broke ground on a $9 million expansion of company' manufacturing facility in Owatonna.




The new expansion, which received $1.45 million in state assistance from the state's Minnesota Job Creation Fund and Minnesota Investment Fund, will create 40 new jobs in Owatonna with wages and benefits averaging $31 per hour.

Daikin Applied is one of 15 companies that have received assistance from the Minnesota Job Creation Fund over the last six months to help finance a business expansion in Minnesota.

Altogether, Daikin Applied received $880,000 from the Fund. In 2013, Governor Dayton and the Legislature invested $24 million in the initiative, which provides up to $1 million to qualifying businesses planning to expand and create new jobs in Minnesota.

Daikin Applied also received $600,000 from the Minnesota Investment Fund for its expansion.


What to read next

Japan's Daikin opens mammoth AC plant deep in Texas
Essar Steel Minnesota files for Chapter 11 bankruptcy
Investcorp Bank buys new properties, completes $13bn investments in U.S.