A division of St. Louis-based Emerson Electric Company announced Monday that it’s investing $70 million in a 500,000-square-foot building addition in Shakopee, a move that is expected to bring up to 500 new, highly skilled jobs.
Emerson Process Management Rosemount—which makes pressure, temperature, flow, level, and safety measurement products for industrial customers—has chosen for its expansion the engineering and manufacturing facility that ADC Telecommunications built but never occupied.
The Shakopee City Council was in talks with Emerson about the expansion back in December but at the time the company was still considering multiple options, including expansion into existing Emerson locations and options outside of the United States.
The new location will become Emerson’s global headquarters for its Rosemount measurement technologies business. The company expects the expansion to be completed in phases over the next five years.
The long-term plan for the Shakopee facility will include both office and manufacturing use, with the first project phase focusing on office space. According to a company spokeswoman, the 500 new jobs will include 300 salaried and 200 hourly manufacturing positions. On average, the 500 jobs will pay $60,000 annually, she said.
“Our continued investments in innovation, combined with growing energy markets around the world, have fueled the need for more office and manufacturing space to meet the increasing demand for our products and services,” Emerson Process Management President Steve Sonnenberg said in a statement. “We are delighted to expand our operations here in Minnesota, which not only offers a quality workforce and excellent business climate, but also already serves as a major hub for Emerson in North America.”
The expansion comes on the heels of the Emerson’s recent $40 million investment to upgrade its Eden Prairie and Chanhassen facilities. According to the company, this investment is part of a 10-year growth plan for its Rosemount technologies business.
A state and local incentive package valued at $6 million will help finance the development of the facility over multiple years.
“We are deeply grateful to Emerson Process Management for its decision to invest further in Minnesota and create hundreds of new jobs here,” Governor Mark Dayton said a statement. “We are pleased to provide an $815,000 state sales tax exemption to assist with this exciting project.”
The expansion is expected to have a major impact on Shakopee, which has a population of about 38,000 and nearly 19,000 jobs within its borders, according to Shakopee Community Development Director R. Michael Leeks.
Emerson Process Management currently has about 2,600 employees in Minnesota, including more than 2,000 who work in the Eden Prairie/Chanhassen area. Rosemount was founded in Minnesota in 1956 and acquired by Emerson in 1976.
This article is reprinted in partnership with Twin Cities Business.