Skip to main content

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.
  • Author:
  • Updated:
    Original:

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.

Next Up

Crane Lake
MN News

Flooding expected to worsen in MN's Arrowhead region

Hundreds of private homes are at-risk in northern St. Louis County.

St. Paul Police crash
MN News

St. Paul police: Kids in stolen car rammed squad, hid in porta-potty

The incident sent the Minnesota Capitol into a brief lockdown.

IMG_7030
MN Weather

Watch: Storm updates after heavy hail slams Twin Cities

Sven Sundgaard is providing an update after Thursday's flash hail storm.

kim crockett facebook sos
MN News

MN GOP apologizes over antisemitic sequence in candidate's campaign video

Party leader says candidate didn't know the imagery perpetuated an antisemitic trope.

storm, severe
MN Weather

Tornado, severe thunderstorm watches issued in Minnesota

In addition to possible tornadoes, there is a threat for damaging winds and very large hail.

House sale keys door
MN Property

High prices, stiff competition putting off homebuyers in Twin Cities

Prices continue to rise in the metro, but there are signs of buyer fatigue.

Screen Shot 2022-05-19 at 1.59.51 PM
WI News

Series of explosions at manufacturing plant injures 6 in Wisconsin

The blast rocked the Wisconsin town just before 7:45 a.m.

police lights squad car dark - Unsplash
MN News

Medford man dies in Le Sueur County crash

The 49-year-old was not wearing a seatbelt at the time of the crash.

Denisovan molar
MN News

MN researcher part of team behind 'revolutionary' discovery of ancient tooth in Laos

The molar found in a remote cave is believed to have belonged to a Denisovan girl who lived 164,000-130,000 years ago.

007_living
Sponsored Story

Gallery: Minneapolis penthouse comes with private elevator and 24-foot ceilings

The custom-designed home is on the market for $500K

Eagle Ridge Middle School
MN News

Charges: Sting catches MN principal trying to hire child prostitute

Authorities alleged Mohamed Selim attempted to meet a 15-year-old girl for sex on Tuesday.

cub donuts 1
Minnesota Life

Nominate a 'local hero' to get a dozen Cub donuts from Salvation Army

The organization is looking for 1,000 volunteers to help with the effort in the metro.

Related

MN News

Valspar looking for new chief financial officer, Walker to retire

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.”

MN News

Fairview Ridges announces $60M expansion

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.

MN News

Summit Brewing accelerates $6M expansion project

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.

MN News

Lawmakers approved big tax break for Mall of America expansion plan

MN News

Valspar hires ex-Best Buy CFO Muehlbauer

MN News

Minnesota Zoo's expansion plans call for new Adventure Park, animal exhibits

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."

MN News

Target formally submits plans for Brooklyn Park expansion

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.

MN Vikings

Minneapolis mayor announces Vikings stadium jobs plan

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.