DEED Announces $3.9 Million for Business Expansion

29 May 2024


The Minnesota Department of Employment and Economic Development (DEED) announced $3.9 million in Job Creation Fund and Minnesota Investment Fund awards for nine business expansion projects statewide. The projects are expected to create or retain 225 jobs, and leverage nearly $56.3 million in outside investment.

"Minnesota is one of the best places in the country to start and grow a business," said DEED Commissioner Matt Varilek. "The Minnesota Investment Fund and Job Creation Fund are just two of many programs DEED offers to help businesses expand and offer well-paying jobs for skilled Minnesotans."

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