Emerson Process Management of Rosemount will get a $500,000 forgivable loan from the state Department of Employment and Economic Development to help with a renovation that will add 100 jobs.
They say the jobs will be “skilled, highly paid positions.”
The funding comes from the Minnesota Investment Fund, which helps companies make improvements or expand their operations. If the company meets its hiring commitments, it will not have to repay the loan.
The company, which plans a total of $40 million in upgrades, helps put automated technologies into plants in the oil and gas, power, chemical, refining, alternative fuels, life sciences, pulp and paper industries. It’s a division of Emerson, a St. Louis-based energy and technology company.