More Great news from The Minnesota Department Of Employment And Economic Development (DEED) regarding redevelopment grants which will enable job creation in Porter and Bird Island Minnesota!
Back in October of 2013 we blogged about a $2.7 million grant that would spur job creation to the tune of 244 new positions in seven Minnesota communities. DEED is at it again! According to the March 2015 DEED news release:
ST. PAUL – Two businesses in southwestern Minnesota are expanding with assistance from the Greater Minnesota Job Expansion Program.
SMI & Hydraulics Inc. in Porter and Rural Computer Consultants Inc. in Bird Island will be eligible for state sales tax refunds under the Minnesota Department of Employment and Economic Development (DEED) program. In exchange for tax refunds for business-related purchases over the next seven years, the companies have committed to creating jobs. – http://mn.gov/deed/newscenter/press-releases/newsdetail.jsp?id=466-157787
SMI & Hydraulics, who just so happens to be a long-time valued MVTV Wireless customer, specializes in steel fabrication, hydraulic servicing and repairing, engineering and drafting services. See our blog about all the great things SMI does for MN… and the world!
According the DEED’s announcement:
(SMI) plans to invest $2.45 million in a new 9,000-square-foot facility and in machinery and equipment. The business will add four full-time positions at wages of $14.50 an hour. SMI has been approved for a state sales tax refund of $77,357 under the program.
Rural computer Consultants (RCCBI) is located in Bird Island, MN and providers of software, computer equipment, and services to Fuel Distributors globally. For more information about RCCBI, visit their About Us page: http://www.rccbi.com/company.aspx
DEED’s press release tells us:
(RCCBI) will add three full-time workers at $18 an hour. The business will receive a state sales tax refund of $55,650.
DEED Commissioner, Katie Clark Sieben explained how the Greater Minnesota Job Expansion Program works…
“Small businesses are vital to the economic well-being of communities throughout Minnesota,” said DEED Commissioner Katie Clark Sieben. “The Greater Minnesota Job Expansion Program is an important tool that businesses can use to grow and expand their operations.”
Who is eligible?
The Greater Minnesota Job Expansion Program is aimed at businesses that expand outside the seven-county Twin Cities area. Once approved for the sales tax refunds, the companies have three years to meet their employment goals.
How do business go about qualifying?
To qualify for the program, a business must have operated in Greater Minnesota for at least one year and must commit to expanding its workforce at a single facility. The business must increase full-time employment at the facility by two employees or 10 percent of current employment, whichever is greater.
Public utilities or businesses engaged in retail sales, lobbying, gambling, entertainment, professional sports, political consulting, leisure, hospitality or professional services are not eligible to participate.
For more information about DEED, visit their website: http://mn.gov/deed/