Supporting 141 Jobs and $19 Million in Private Investment
Five business expansion projects across Minnesota will strengthen aerospace, manufacturing, medical devices and logistics operations with support from state economic development incentives.
ST. PAUL, Minn. (October 23, 2026) — The Minnesota Department of Employment and Economic Development (DEED) has announced more than $2 million in funding to support five business expansion projects across the state. The investments are expected to create or retain 141 jobs while leveraging more than $19 million in private capital investment.
The funding will support projects in Bemidji, Pine City, Le Sueur County, Coon Rapids and Shakopee, helping businesses expand manufacturing capacity, upgrade facilities and create new employment opportunities.
The awards highlight Minnesota’s continued emphasis on business retention, industrial development and workforce growth through targeted economic development programs.
“These projects show how modest public incentives can stimulate large private investment and major overall economic benefits in communities large and small across the state,” said DEED Commissioner Matt Varilek. “Minnesota is one of the top states for business because we value and prioritize innovation, business growth and job creation with family-sustaining wages. These expansion projects will positively impact their communities for years to come.”
Minnesota Business Expansion Projects Receive State Funding
The five projects represent a diverse mix of industries, including aerospace manufacturing, precision machining, medical device production, specialized manufacturing and supply chain logistics.
Aircorps Aviation to Invest $4.65 Million in Bemidji Expansion
Job Creation Fund Award: $175,000 | 14 New Jobs
Aircorps Aviation LLC plans to invest $4.65 million to construct a new hangar at its existing facility in Bemidji, Minnesota, supporting continued growth in aerospace restoration and manufacturing.
The company specializes in restoring, maintaining and rebuilding modern, vintage World War II and legacy aircraft. Its operations also include aerospace manufacturing and aircraft parts sales.
The expansion is projected to create 14 new jobs within three years.
Aircorps Aviation previously received assistance through Minnesota’s Job Creation Fund to expand its fabrication shop. The latest investment will further strengthen the company’s capabilities and contribute to the aerospace industry’s presence in northern Minnesota.
Atscott Manufacturing Announces $3 Million Expansion in Pine City
Job Creation Fund Award: $175,000 | 15 New Jobs
Atscott Manufacturing Inc. will invest $3 million in a new 12,000-square-foot facility in Pine City, Minnesota, expanding its manufacturing and assembly operations.
The project includes four additional assembly bays and new production equipment designed to support tower manufacturing and assembly.
Atscott provides manufacturing and assembly services ranging from individual components to complete products, subassemblies and finished assemblies.
The expansion is expected to create 15 new jobs within the first year, increasing the company’s production capabilities and supporting manufacturing growth in east-central Minnesota.
RES Specialty Pyrotechnics Expands Le Sueur County Operations
Job Creation Fund Award: $140,000 | 7 New Jobs
RES Specialty Pyrotechnics Inc. plans to invest $625,000 to expand and improve its existing facility in Le Sueur County.
The company manufactures professional-grade pyrotechnics, distributes fuel products for stage flame equipment and designs indoor and outdoor fireworks exhibitions.
Serving customers throughout Minnesota and 14 additional states, RES Specialty Pyrotechnics offers 53 unique products with more than 1,700 variations and has a presence in more than 26 countries.
The investment is expected to generate seven new jobs within three years while improving the company’s operating capacity.
rms Company Invests $11 Million in Coon Rapids Medical Device Manufacturing Facility
Job Creation Fund Award: $800,000 | Minnesota Investment Fund Award: $600,000 | 75 New Jobs
Medical device manufacturer rms Company will invest $11 million to expand its existing facility in Coon Rapids, Minnesota.
The project includes a 20,000-square-foot building addition that will accommodate new machinery, manufacturing equipment and increased production capacity.
The expansion is expected to create 75 new jobs within two years, making it the largest job-creating project among the five announced investments.
rms Company supplies precision-machined components and specialized manufacturing services to medical device companies worldwide. Its capabilities support customers throughout the product development process, from initial design and market introduction to large-scale production.
The company will receive $800,000 through Minnesota’s Job Creation Fund and $600,000 through the Minnesota Investment Fund, totaling $1.4 million in state assistance.
The expansion reinforces the role of Minnesota’s medical technology industry in supporting advanced manufacturing, precision engineering and high-skilled employment.
Ryder Integrated Logistics to Expand Operations in Shakopee
Job Creation Fund Award: $175,000 | More Than 30 New Jobs
Ryder Integrated Logistics Inc. plans to invest more than $1.8 million to renovate and improve an existing industrial facility in Shakopee, Minnesota.
The improvements will support more efficient warehouse operations, material handling and distribution services as the company expands its logistics capabilities.
Ryder provides integrated supply chain services, including warehousing, distribution, transportation management, carrier coordination and shipment management.
The project is expected to create more than 30 new jobs within three years.
The investment will enhance logistics infrastructure in the southwest Twin Cities metropolitan area, supporting businesses that depend on efficient transportation and distribution networks.
Minnesota Economic Development Programs Support Job Creation and Capital Investment
DEED administers two primary business financing programs that are supporting the announced projects.
The Job Creation Fund (JCF) offers financial incentives to qualifying companies that meet specific job creation and capital investment requirements. The program is designed to encourage business expansion, attract private investment and generate employment opportunities throughout Minnesota.
The Minnesota Investment Fund (MIF) provides financing for capital equipment purchases that help businesses expand operations, create jobs and retain high-quality employment. The program primarily supports industrial, manufacturing and technology-related industries.
Together, these programs provide financial resources that help qualifying businesses move forward with expansion projects while encouraging additional private investment.
Manufacturing and Logistics Investments Strengthen Minnesota’s Economy
The newly announced business expansions demonstrate the range of industries contributing to Minnesota’s economic development.
From aerospace manufacturing in Bemidji and industrial production in Pine City to medical device manufacturing in Coon Rapids, the projects are positioned to strengthen existing industry clusters and create opportunities for suppliers and skilled workers.
Investments in logistics infrastructure and specialized manufacturing further support the state’s ability to serve regional, national and international markets.
For communities across Minnesota, the projects represent opportunities to retain established employers, attract private capital and expand the local employment base.
The combination of public incentives and private-sector investment also underscores the importance of targeted economic development programs in supporting long-term industrial competitiveness.
DEED serves as Minnesota’s principal economic development agency, overseeing initiatives related to business recruitment, expansion and retention, workforce development, international trade and community development.
Additional information about business financing and economic development resources is available through the Minnesota Department of Employment and Economic Development.
