Plymouth-based Daikin Applied Americas Inc. announced plans for a $9 million expansion project that will create 40 jobs at its manufacturing facility in Owatonna.
The company, which specializes in making heating, ventilation and air conditioning systems for the commercial sector, said it will expand an existing facility. Daikin Applied has had manufacturing operations in southern Minnesota since 1949 and also has operations in Faribault.
The Minnesota Department of Employment and Economic Development is partnering with Daikin Applied on the expansion, awarding the company $880,000 from the Minnesota Job Creation Fund. The company must meet job creation goals and other performance measures in order to receive the funding.
The Minnesota Job Creation Fund, which was first proposed by Governor Dayton, will provide $24 million in business incentives that were approved in the 2013 legislative session. Officials said the program is helping the state to compete for new jobs and businesses.