Business Expansions Reflect State’s Diverse Economy
May 29, 2019
Minnesota’s diverse economy is reflected in the 226 business expansion projects that were publicly announced in 2018 and tracked by DEED. These projects were spread across the state and involved companies of all sizes in more than 40 industries.
While complete data is not available for all of the projects, these expansions represent at least 8,829 new jobs and 1,672 retained jobs. They also reflect new investment of at least $2.4 billion and over 7.5 million square feet.