DEED Funding Supports Minnetronix Medical Expansion in St. Paul
Thursday, January 30, 2020
$1 million in grant and loan funding for project expected to create 75 jobs
St. PAUL – The Minnesota Department of Employment and Economic Development (DEED) is announcing $1 million in grant and loan funding to assist Minnetronix Medical, a St. Paul-based medical technology company, in expanding its headquarters.
Minnetronix Medical is planning its fourth expansion since moving to St. Paul’s Energy Park Drive in 2000. The 2020 project will increase the company’s footprint from 120,000 square feet to 140,000 square feet, with a plan to grow to 170,000 square feet by 2023. The expansion will accommodate the company’s expected addition of 75 jobs within three years at an average wage of $25.94 an hour.