Approximately 100 new jobs will be added in Red Wing, where a plant that manufactures high-altitude safety products is planning to expand.
The Business Journal reports that Capital Safety, which has its global headquarters in Bloomington, is expanding its Red Wing facility, which already employs about 500 workers. The expansion will add 60,000 square feet to the current 140,000-square-foot facility, which is Capital Safety's primary global manufacturing plant. The plant has been operating since 1973.
Finance and Commerce said that Capital Safety’s business has benefited from increased safety regulations around the world. The company provides fall protection equipment for construction, oil and gas, utilities and other industries.
“Capital Safety’s expansion of our Red Wing facility and the additional jobs are necessary to support our continued growth,” Capital Safety North America President said. “We’re grateful for the support from DEED as well as Goodhue County, the city of Red Wing and the Red Wing Port Authority, which helped ensure that this expansion takes place in Red Wing.”
The expansion is supported by $750,000 from the Minnesota Job Creation Fund, according to a news release from the Minnesota Department of Employment and Economic Development. The release said that the fund provides up to $1 million to businesses after they meet certain criteria, including minimum requirements for job creation and private investments. Since the Job Creation Fund was launched in January, DEED has awarded more than $9.5 million in funding to 14 companies in Minnesota.