DEED Awards $500,000 For Job Creation in Austin
March 3, 2021
St. Paul – The Minnesota Department of Employment and Economic Development (DEED) announced that Nu-Tek BioSciences will open their first manufacturing facility in Austin.
The expansion is expected to create 35 high quality jobs within the next two years. DEED is assisting the expansion with a loan of up to $325,000 from the Minnesota Investment Fund (MIF) and a $175,000 award from the Job Creation Fund (JCF).
“Nu-Tek’s expansion is a testament to how attractive it is to operate a business in Minnesota,” said DEED Commissioner Steve Grove . “This shows how even in difficult economic times there is a path for business to thrive in the state.”