$9M Expansion Adds 40 Jobs In Owatonna
Plymouth-based Daikin Applied Americas, Inc., announced Wednesday that it’s planning a $9 million expansion to its manufacturing facility in Owatonna—which will create 40 new jobs.
The company makes heating, ventilation, and air conditioning systems for the commercial sector and is a subsidiary of Japan-based Daikin Industries, which has more than $18 billion in annual revenue.
Daikin Applied has had manufacturing operations in southern Minnesota since 1949 and, in addition to its Owatonna facility and its Plymouth headquarters, it has operations in Faribault.
The Minnesota Department of Employment and Economic Development awarded Daikin Applied $880,000 from the “Minnesota Job Creation Fund” to assist with the expansion. The company must meet job creation goals and other performance measures in order to receive the funding.
“The Minnesota Job Creation Fund was launched just six months ago. It has already helped finance business expansions, like Daikin Applied’s, throughout our state, which have added hundreds of new jobs,” Governor Mark Dayton said in a statement. “I thank Daikin Applied for its very important expansion in Owatonna and for its continued commitment to Minnesota.”