Daikin plans $40.3 million expansion in Faribault, adding 132 jobs
Monday, September 24, 2018
Daikin Applied Americas Inc. is planning a $40.3 million expansion of its manufacturing operations in Faribault that will add 132 jobs over five years.
The Plymouth-based manufacturer of commercial HVAC equipment will renovate an existing 300,000-square-foot warehouse in Fairbault. The new jobs will pay on average $22.50 an hour.
The Minnesota Department of Employment and Economic Development(DEED) is supporting the project with a $750,000 loan from the Minnesota Investment Fund and a $1.6 million grant from the Job Creation Fund, DEED said in a news release.
Category: Agralite Arrowhead BENCO Brown Connexus Light and Power Crow Wing Dakota East Central Federated Goodhue Itasca Kandiyohi Lake Country Lake Region McLeod Meeker Mille Lacs Minnesota Valley Nobles North Itasca Redwood Runestone South Central Stearns Electric Steele Todd Wright Hennepin