Sen. Hoffman has worked tirelessly to pave the way for local businesses to thrive and expand, and to expand opportunities for businesses across the state. According to the Minnesota Secretary of State’s office, 800 new businesses have opened up shop in Brooklyn Park, Champlin and Coon Rapids in the last year. During the past three years, Sen. Hoffman has:
Supported investments in economic development programs administered by DEED. This support has led to no less than 10 companies in our district receiving DEED funding to help jump-start a business, train workers or expand its location – all in the last 2 years.
Supported legislative efforts to invest $25 million into the Job Creation Fund, and Sen. Hoffman voted to put $30 million into the Minnesota Investment Fund. Both of these funds are vitally important to job creation and business expansion across the state.
As a result of his work in the Minnesota Senate, the following business have made substantial expansions in our district:
Wurth Adams Nut & Bolt, an industry-fabricated metal products manufacturing company, is moving its headquarters to Brooklyn Park. The multi-million dollar expansion will create 20 jobs and is receiving $590,000 through the Minnesota Job Creation Fund.
Perbix Machine Co. also plans to move its headquarters and operations from Golden Valley to a new manufacturing facility in Brooklyn Park. The move is aided by a disbursement of $139,000 from the Minnesota Job Creation Fund which has helped the company add 12 new jobs.
Olympus Surgical Technologies of America recently built a new 180,000 square foot manufacturing facility along the Highway 610 corridor that will employ 380 workers. The state granted a $1 million forgivable loan from the Minnesota Investment Fund in 2013 for the Olympus project.
Takeda Pharmaceutical Co., located in Brooklyn Park, was recently purchased by a Japanese company and is on its way to receiving $2 million from DEED. Takeda recently purchased Baxter Pharmaceutical and has plans for expansion at the Brooklyn Park site, which helped qualify it for MIF grant money. The company plans on adding another 190 jobs with salaries between $99,000 and $225,000 per year. This expansion is due in part to Sen. Hoffman’s ongoing support and commitment to the Minnesota Investment Fund (MIF).