Shakopee approves tax break for $60 million Shutterfly plant

Author:
Updated:
Original:

In a 4-1 vote Wednesday night, the Shakopee City Council approved a nine-year tax abatement, with a value of $569,078 to $758,771, for a 217,000-square-foot Shutterfly, Inc. manufacturing plant off of Hwy 169.

The 100 percent tax abatement is just a portion of the $3 million in economic incentives used to lure the California-based digital photo publisher to Minnesota.

Scott County is considering a similar tax break.

The Star Tribune reports the Minnesota Department of Employment and Economic Development has given preliminary approval for Shutterfly to receive a $1 million forgivable loan from the Minnesota Investment Fund and $400,000 in matching grants from the Minnesota Job Skills Partnership program.

The $60 million project that's expected to break ground in the next couple months with Minneapolis-based Ryan Companies would generate more than 300 jobs over the next two to five years.

Shutterfly CEO Jeffrey Housenbold told the Business Journal that the new plant will help provide more next-day delivery service for customers.

Thursday morning it was revealed by Shakopee Mayor Brad Tabke that he and Gov. Mark Dayton flew to California on July 31 to meet with Housenbold, a trip that Dayton wouldn't give up the details about and regarded by local media as "secret."

Shutterfly, founded in 1999, employs 1,000 people and anticipates 2013 revenue of at least $776 million, the Pioneer Press reported.

Next Up

covid, vaccine

Here is Minnesota's COVID-19 update for Saturday, April 10

Cases and hospitalizations have been on the rise in Minnesota.

Gabe Kalscheur

Gabe Kalscheur announces he's transferring to Iowa State

The former Gopher guard entered the transfer portal last month.

Walz

Asked about restrictions, Walz says Minnesota is in a 'hold pattern'

Meanwhile, the governor of Michigan is urging people to stay home to slow the spread.

walz and zapko

Watch: Beloved MN sign language interpreter profiled on Today Show

Nic Zapka's work made her an internet celebrity last year.

White Bear Lake Area High School

White Bear Lake students hold walkout over racist social media comments

School officials are investigating the anonymous Instagram account.

Screen Shot 2021-04-09 at 4.48.00 PM

Hennepin Co. medical examiner: Police interaction tipped Floyd 'over the edge'

Medical Examiner Dr. Andrew Baker, who performed Floyd's autopsy, testified Friday in the trial of former MPD officer Derek Chauvin.

Siren

Attention, CNN: There will be extra tornado sirens in Minnesota next week

The national broadcaster was caught by surprise by the test this past Wednesday.

Screen Shot 2021-04-09 at 11.41.46 AM

Minneapolis Parks and Rec buys land to create park in North Loop

The Parks and Recreation Board is paying just over $2M for the land.

traffic stop

Speed-related crashes, deaths are a mounting problem in Minnesota

Fatal speed-related crashes are ahead of last year's pace.

Related