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Palm Beach Marinecraft, manufacturer
of aluminum pontoon boats, relocated to New Ulm to increase their
growth potential. Palm Beach bought a vacant 91,000 s.f. facility.
Loan packaging was provided
including junior loans from the City and the State.
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American Artstone, a manufacturer of pre-cast
architectural concrete, expanded into a new 45,000 s.f. facility
after looking at relocating to another community. The City provided
a junior loan and Tax Increment Financing.
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Canyon Outback, a distributor of value added
promotional leather goods, constructed a 14,000 s.f. facility to
accommodate growth. The City provided Tax Increment Financing.
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Parker Hannifin purchased MTS Automation and
relocated operations from California into their 80,000 s.f. facility.
NUEDC constructed and leased the facility to MTS until the Parker
purchase. The City provided Tax Increment Financing.
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Beacon Promotions, an imprinter and distributor
of promotional products, began operations in late 2003 and quickly
ramped up to 50 employees. The City and the State provided a junior
loans. NUEDC provided a ramped lease structure on the facility.
Most recently Beacon expanded its operations by adding a 15,000 s.f.
addition and now employs over 70 people. The addition was a
JOBZ project.
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August Shells Brewing recently purchased the
Grain Belt label, doubling it’s production. To expand capacity,
Shells has expanded it’s bottling and keg storage areas, it’s warehouse
and most recently constructed an all new museum, tap room and gift
shop.
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AMPI, a dairy COOP with annual sales of approximately
$2 billion, expanded it’s butter plant capacity with the help
of a land swap by the City. AMPI’s corporate headquarters
is also located in New Ulm. Most recently AMPI rebuilt the
majority of it's butter plant after a fire, bringing the 160
employess back to work
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Firmenich, a manufacturer of food flavors, food
additives, perfumes and chemicals, added a 24,000 s.f. warehouse
and laboratory to increase capacity and meet customer demands.
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Kraft Foods added a new product line to produce
Oscar Mayer Snack Lunchables. Kraft also received Tax Increment
Financing assistance to expand it’s refrigerated warehouse
by 40,000 s.f.
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Medallion Cabinetry
constructed a 60,000 square foot factory in the Airport Industrial
Park to produce doors, face fronts and drawer boxes for their
cabinets. Medallion received a write down on the land and JOBZ
tax exemptions. |
