DEED Announces $2.1 Million in Awards from the Jobs Creation Fund

8 Sep 2021


News

St. Paul - The Department of Employment and Economic Development (DEED) announced that 6 businesses are expanding in Minnesota with the help of $2.1 million in awards from the Job Creation Fund (JCF).

The 6 projects are expected to leverage $123 million in investments from the companies and create 381 new jobs over the next 3 years.

"The Job Creation Fund once again proves to be an incredible return on investment for the state," said DEED Commissioner Steve Grove, "I congratulate these cities and businesses on their future economic growth."

The Job Creation Fund provides financial incentives to new and expanding businesses that meet certain job creation and capital investment targets. Companies deemed eligible to participate may receive up to $1 million for creating or retaining high-paying jobs and for constructing or renovating facilities or making other property improvements.

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