Maplewood-based 3M plans to expand its manufacturing capacity in its Brookings, S.D. facility. The Associated Press reports the expansion will add 29 new jobs.
KELO in Sioux Falls reported that 3M's expansion will be the first to receive approval under the state's newly established Reinvestment Payment Program, established by the 2013 legislative session. It gives tax breaks to companies to offset the sales and use tax paid on some equipment costs and supplements funds to assist with new employee training.
The South Dakota Board of Economic Development approved a reinvestment payment of up to $234,000 for the equipment tax and the Governor’s Office of Economic Development will kick in $17,000 in Workforce Development Program money.
3M's website says that the Brookings plant employs 800 and produces hundreds of medical and surgical products for worldwide distribution.