A German sensor-maker is moving forward with a $100 million technology campus in Bloomington that will eventually bring 700 new jobs to the city — with an annual average salary of $81,000.
Driving the news: The company, Sick USA, already has an operation in Bloomington, but has been working on plans for a new manufacturing and office campus just east of the Mall of America.
- The project would be built in four phases over 14 years.
- The city will tap into tax-increment financing and liquor taxes to provide up to $30 million in financial assistance, primarily for a potential parking ramp, according to Finance & Commerce.
What's next: Pending city approvals, Sick plans to break ground in May on the first phase, a one-story, 120,000-square-foot building.
This story first appeared in the Axios Twin Cities newsletter, designed to help readers get smarter, faster on the most consequential news unfolding in their own backyard.
More Twin Cities stories
No stories could be found
Get a free daily digest of the most important news in your backyard with Axios Twin Cities.