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In
February, Seagate Technology, a manufacturer of computer disk drives
and other storage hardware and software, decided to open a facility
in Rochester to develop systems for businesses to manage files stored
on computers. The company will hire up to 20 people at its new site.
"I
think that Seagate is forward-thinking in moving the work to the people
rather than forcing people to move to the work," Brian Nass,
executive director of Seagate's Rochester facility, told the Rochester
Post-Bulletin. "They realize what an asset the community of Rochester
has in terms of technical talent."
Celestica
Inc., the world's largest manufacturer of electronics, is growing
in Rochester, Minn. The company plans to buy IBM's electronic card
assembly and test operations in Rochester, transferring 1,800 IBM
employees to the Celestica payroll.
In addition,
Celestica will hire 500 regular employees and 200 contract workers.
IBM has
been a Celestica customer for years. The new arrangement will bring
approximately $1.5 billion in IBM business to Celestica.
Rochester's
growth can be partially credited to the Rochester Area Economic Development
Inc. Seed Fund, which was formed in 1989, has invested $665,000 in
nine area businesses and created more than 1,200 new jobs.
When it
comes to state rankings, Minnesota comes out near the top in a lot
of categories. Morgan Quitno Press (a publisher of annual reference
books) ranked Minnesota the most livable state in the nation from
1996 to 1999.
Industry
Week magazine identified Minnesota as home to five of the top 100
best-managed public companies in the world.
As unemployment
shrinks, economic development continues to soar. One of the most widely-recognized
businesses in Minnesota is the world-renowned Mayo Clinic.
It is currently
adding 1 million square feet of space to its downtown campus in Rochester,
and it recently announced plans to add an additional seven stories
to its 11-story Gonda Building currently under
construction.
The Mayo
Clinic also decided to purchase a 250,000 square foot facility in
Rochester. The clinic will convert the former laboratory into offices.
Investment
fund spurs growth
A state initiative
- the Minnesota Investment Fund - serves as a very effective economic
development tool. A $21,000 Minnesota Investment Fund grant to Jackson
County is partially credited with creating 10 jobs at B&H Manufacturing
Inc.
B&H
manufactures farm machinery and equipment and is doubling its facility
size to 30,000 square feet. It recently acquired Shweiss Manufacturer,
which makes industrial and home lawn mowers and commercial snow blower
equipment. B&H will incorporate Shweiss into its enlarged operation.
Another
example of the Minnesota Investment Fund's success is in the community
of Cook where Hill Wood Products Inc., is expanding. The fund will
provide a $96,000 grant to Cook, helping to retain 28 jobs and creating
four new ones.
The Minnesota
Department of Trade and Economic Development played a significant
role in the growth of the biotechnology firm Solvay Pharmaceutical.
Over the
last few years, the state assisted the company in developing a wastewater
system and securing training grants to help the company meet Food
and Drug Administration guidelines.
Solvay is
a Belgium-based chemical and pharmaceutical manufacturer with facilities
in the northern Minnesota community of Baudette.
—
Ann Morris