Updated:: Mar 8, 2018
Original:: Oct 23, 2012

Valspar announces $30M expansion project, plans to create 135 jobs

The Valspar Corp., a maker of paints and industrial coatings, plans to spend $30 million to expand its research and development campus at its former headquarters building in downtown Minneapolis, the Pioneer Press reports. The project is expected to create up to 135 new full-time jobs over the next two-years. It will also add 87,000-square-feet of laboratory, meeting and office space. The expansion is scheduled to be finished by early 2014.

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The Valspar Corp., a maker of paints and industrial coatings, plans to spend $30 million to expand its research and development campus at its former headquarters building in downtown Minneapolis, the Pioneer Press reports. The project is expected to create up to 135 new full-time jobs over the next two-years. It will also add 87,000-square-feet of laboratory, meeting and office space. The expansion is scheduled to be finished by early 2014.

You can read the company's news release here.

Click here, to follow Valspar's stock performance.

3M Co. is also working on plans for a new research and development site at its Maplewood headquarters. Medina-based Polaris Industries broke ground last month on an expansion project that will double its research and development space in Wyoming, Minn.

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Valspar Corporation's CFO Lori Walker plans to retire after 12 years with the Minneapolis-based maker of paints and industrial coatings, the Twin Cities Business reports. According to a company news release, Walker will remain with Valspar until a successor is named and “available to the company for an extended period thereafter to ensure a seamless transition.”

Fairview Ridges Hospital in Burnsville plans to add a150,000-square-foot specialty care medical office building, hospital expansion and a new parking ramp, the Business Journal reports. The project will cost about $60 million.

Summit Brewing Co., Minnesota's largest craft brewer, plans to break ground Friday on a $6 million addition of its St. Paul brewery, the Business Journal reports. Construction was slated to start next June. “We’ve hit the wall on capacity. We had to cut 12 brews this year due to capacity issues, so the original expansion date of June 2013 has been moved to this month," CEO and founder Mark Stutrud said in a news release.

The Business Journal reports the Minneapolis-based retailer wants to construct two buildings on its Northern Campus by 2015. The 8-story buildings would create about 650,000 square-feet of office space.

The Minnesota Zoo's new master plan, which was approved by its board on Nov. 1, features some ambitious ideas for the Apple Valley facility. CEO Lee Ehmke told the Pioneer Press, "We inspire to become a world-leading zoo with the ultimate intention on saving wildlife and wild places. This is the next step in that evolution."

Mayor R.T. Rybak is set to announce details of a "workforce agreement" at a press conference Monday afternoon, WCCO reports. The latest proposal would put a new stadium on ground right next to the current Metrodome.

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