Microbiologics Expands With DEED Assistance
Microbiologics, a St. Cloud-based biosciences company, is adding 30,000 square feet to its headquarters with the help of state grants.
The Minnesota Department of Employment and Economic Development is providing $182,000 from its Job Creation Fund for the $7.2 million addition, which is expected to create 35 jobs with an average wage of $21.53 an hour.
“Microbiologics is a fast-growing company that has doubled its revenue in the past four years and diversified its services,” said DEED commissioner Shawnterra Hardy. “The funding will help the company to continue expanding, particularly in international markets.”
The company creates microorganisms that are used in clinical, pharmaceutical, educational and other settings in 140 countries for quality-control testing. It currently has 133 employees, most of whom are in its St. Cloud headquarters.
A total of 65 companies have been awarded over $31 million in Job Creation Fund grants, according to DEED. The department says those companies have committed to creating nearly 3,800 jobs and $700 million in expansion.