GSDC Investors Expand Businesses

We congratulation the following GSDC investors on their recent business expansions: 

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Microbiologics recently completed their $7.25 million, 30,000 square foot expansion.  This expansion will create 35 additional jobs with an average wage of at least $21.53 hr. GSDC supported an application to Job Creation Fund from the MN Department of Employment and Economic Development (DEED).  Microbiologics was awarded $182,000 to support this expansion and creation of jobs.

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Geringhoff recently completed the addition of a new production line for the manufacturing of corn harvest headers for combines.  This line expansion will support 20 additional jobs paying an average wage of at least $17.50 an hour. GSDC supported an application to Job Creation Fund from the MN Department of Employment and Economic Development (DEED).  Geringhoff was awarded $169,000 to support this expansion and creation of jobs.

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Cold Spring Brewing Company recently completed a 300,000 sq. ft. expansion to their shipping facility in Cold Spring. This expansion will support an additional 60 jobs. A second phase of this expansion which includes production facility expansion will be completed soon in early 2018. 

 

Posted on February 19, 2018 .