Development Projects Carry On Through Covid
Entering the COVID 19 crisis the
Owatonna Partners for Economic Development team welcomed 6 development projects to the area, three (3) of those projects are new businesses to the market and three (3) of the projects are expansion of existing businesses. Those projects represent significant investment-each project has either started construction, or is nearing completion:
NEW Businesses=$130M+ investment
Costco Depot:
- 385,000 sq ft distribution center serving 29 warehouses in 8 states
- Construction is underway with an October 2020 target open date
- Projected: 150+ employees
Rise Modular:
- Purchased existing vacant building and outfitted it for their new company
- Rise Modular constructs modular apartments and hotels
- Projected: 80+ employees
- Started operations
Minimizer:
- Consolidating operations from multiple buildings in Blooming Prairie to one in Owatonna
- Minimizer is a supplier to the trucking industry
- 80,000 sq ft manufacturing facility
- Projected: 70+ employees
- Started construction
EXPANDING Businesses=$20M+ investment
Daikin Applied:
- 150,000 sq ft distribution/warehouse expansion
- Project complete
- Projected: 50 employees
Revol Greens:
- Tripling their greenhouse space adding 10 acres
- Revol grows lettuce
- Projected: 25+ employees
Bushel Boy:
- 80,000 sq ft expansion greenhouse
- Growing strawberries
- Expansion is complete
New to Pipeline:
Bosch Distribution Center:
- 265,000 sq ft
- Projected: 50 jobs
- Break ground fall 2020
