Emerson Process Management Rosemount plans to open a new manufacturing line in Shakopee that would employ 500 people at a building that was built for, but never occupied by ADC Telecommunications Inc.
Shakopee city officials will be asked Tuesday to consider being part of a public assistance package worth about $6 million that would come from various city, Scott County and state resources. GreaterMSP, the St. Paul-based nonprofit economic development group, has been working with city and county staffs on the project since early November.
Emerson hopes to get through the city entitlement process this winter and be open sometime in 2013. Emerson is a division of Emerson Electric Co. (NYSE: EMR), a St. Louis-based Fortune 500 company with about $24 billion in 2012 sales.
About 400 of the 500 jobs would be new and the rest would be transferred from other facilities, said Michael Leek, Shakopee community development director. Emerson will invest about $31 million to purchase the property and prepare the building for its needs, Leek said, citing an initial estimate that didn’t include furniture or tech gear.
Emerson, which has its Twin Cities headquarters in Chanhassen, employs about 1,500 people in the metro area, according to Minneapolis/St. Paul Business Journal Top 25 Lists data.
Minnetonka-based Opus Group has the former ADC site under contract and has started marketing a business park that it calls the Valley Park Business Center that could include up to seven buildings. Emerson is looking at a 47-acre portion on the east side of the site, which would alter Opus’ preliminary site plan.