Life Fitness Announces $23M Factory Expansion In Owatonna
Exercise equipment maker Life Fitness announced plans on Tuesday to expand its operations in Owatonna.
The company, based in Rosemont, Illinois, said it will grow the facility by 150,000 square feet to increase production of its Cybex exercise equipment. Currently, the company’s Owatonna factory produces more than 200 varieties of commercial fitness products, including strength machines and the Cybex Arc Trainer.
The factory expansion is said to cost $22.9 million and ultimately add 110 jobs. Those new positions—which include specialists in welding, fabrication, powder coat painting and assembly—will pay an average wage of $18.37 an hour.
“Life Fitness expects to double production in Owatonna with this expansion,” said Shawntera Hardy, commissioner of the Minnesota Department of Employment and Economic Development (DEED).
In support of the project, DEED will be contributing an $850,000 grant. The money will be awarded so long as Life Fitness meets its job and investment commitments.
The grant money comes from DEED’s Job Creation Fund, a pay-for-performance program launched in January 2014. According to DEED, the Job Creation Fund has awarded $31.1 million for 64 business expansion projects in the state. To date, those companies have invested $683.8 million in expansion projects and are committed to create more than 3,700 full-time jobs.