Kerry Commits To $28.6M Expansion Of Rochester Facility
Taste and nutrition company Kerry announced Tuesday it would spend $18.1 million to expand is manufacturing facility in Rochester.
The 5,300-square-foot addition is the first phase of a larger expansion project planned at $28.6 million, the Irish company said. The initial development will allow Kerry to add a new spray dryer and two 10,000-gallon dryer feed tanks used toward its global production efforts that service the food, beverage and pharmaceutical industries.
“Kerry is making a major investment that will keep good-paying jobs in the Rochester area,” said Shawntera Hardy, commissioner of the state’s Department of Employment and Economic Development (DEED), in prepared remarks. “The project will enable the company to retain 96 jobs paying wages that average $19.60 an hour.”
In support of the project, DEED is supplying Kerry with a $175,000 grant that will be awarded once the expansion is complete and the company’s job retention goals are met.
Grant money for the project was made possible through the state’s Job Creation Fund, which provides businesses with financial assistance for investments of $500,000 or more that retain either 200 full-time jobs in the metro, or 75 jobs in greater Minnesota.
Since the program’s 2014 creation, the Job Creation Fund has awarded $31.5 million to 68 business expansion projects in Minnesota. Those companies have committed to creating nearly 4,000 jobs and investing more than $850 million toward in-state expansion efforts.
“The Job Creation Fund is a critical tool for expanding economic opportunity in Greater Minnesota,” said Lt. Governor Tina Smith in a statement. Smith commended Kerry for its investment in the state, while adding, “I urge the 2017 Legislature to restore funding for the Job Creation Fund so that more communities may benefit from it in the future.”