Morning Headlines with Paul Lundquist on KWNO
Red Wing Business Expansion
Capital Safety, a global provider of fall protection equipment for workers in construction, oil and gas, utilities and other industries, has announced a 60,000-square- foot expansion project in Red Wing that will create 100 jobs.
The Minnesota Department of Employment and Economic Development is partnering with Capital Safety on the expansion, awarding the company $750,000 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 Mark Dayton, will award $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.
The company began its U.S. operations as DB Industries in Red Wing in 1973. The company moved its headquarters from Europe to Bloomington last year, near its primary global manufacturing facility in Red Wing, where about 500 of the company's 1,500 employees are based.