A division of the St. Louis-based Emerson Electric Company opened its global headquarters in Shakopee Tuesday as part of a $70 million capital investment it said will bring up to 500 jobs to Minnesota over five years.
 
Emerson Process Management Rosemount—which makes pressure, temperature, flow, level, and safety measurement products for industrial customers— will be headquartered out of a 500,000-square-foot building at Shakopee’s Valley Park Business Center, with renovations to follow in phases over five years.
 
Of the 500 expected new hires, Emerson said it expects 300 to represent professional engineering positions and 200 to be in manufacturing production. A company spokeswoman previously told Twin Cities Business that the new jobs would, on average, pay $60,000 annually.
 
The Shakopee facility was originally built, but never occupied, by ADC Telecommunications. Instead, it will house Rosemount, a brand founded in Minnesota in 1956 and acquired by Emerson in 1976. This follows a recent $40 million investment by Emerson in renovations and upgrades to its Eden Prairie and Chanhassen offices and manufacturing plants.
 
The first phase of the Shakopee renovations included construction of offices for more than 500 employees that represent jobs in engineering, research and development, marketing, sales, finance and operating positions. The company will also add 200,000 square feet to its regional manufacturing footprint, scheduled to be operational next year. Roughly 200 manufacturing positions, including current Chanhassen employees and new hires, will work there in the first phase.
 
A state and local incentive package valued at $6 million will help finance the multi-year development. Emerson Process Management has about 2,700 employees in Minnesota—2,100 of which work on Rosemount technologies in the Twin Cities metro area.