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  • Posted On Tuesday, February 06, 2024 by Vince Antoine

    Minnesota

    SalesLeads announced today the CY2023 results for the new planned industrial capital project spending report for the state of MINNESOTA. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 205 new projects identified in MINNESOTA during 2023.

    The following are selected highlights on recent MINNESOTA industrial construction news and manufacturing capital projects.

    Planned Industrial Construction in MINNESOTA by Project Type:

              Manufacturing Facilities - 40 New Projects

              Processing Facilities - 34 New Projects

              Distribution and Industrial Warehouse - 52 New Projects

              Power/Energy/Oil and Gas - 3 New Projects

              Laboratory Facilities - 3 New Projects

              Data Center - 1 New Project    

      Planned Industrial Construction in MINNESOTA by Scope/Activity

              New Construction - 79 New Projects

              Expansion - 42 New Projects

              Renovations/Equipment Upgrades - 69 New Projects

              Relocations - 82 New Projects

              Plant Closing - 7 New Projects

    Opportunities - By Equipment Need

              Air Emissions Control Equipment - 70 

              Compressed Air Systems - 120

              Control Systems and Instrumentation - 69

              Conveyors - 71

              Floor Coatings - 92

              Material Handling/Storage Equipment - 95

              Mechanical Construction - 114

              Packaging Equipment - 49

              Process Equipment - 30

              Tanks/Vessels - 20

    Largest Planned Industrial Construction Projects in MINNESOTA

    During the year 2023, our research team identified 10 industrial construction projects in MINNESOTA with an estimated value of $100 million or more.

    The largest project is owned by CloudHQ, who is planning to invest $1 billion for the construction of a 1.5 million data center at 2007 Schoolmaster Dr. in CHASKA, MN.

    Top 10 Tracked Industrial Projects in MINNESOTA

    Becker, MN

    Electric utility service provider is planning to invest $406 million for the expansion of their currently under-construction solar farm in BECKER, MN. Completion is slated for 2025.

    Minneapolis-St. Paul, MN

    Biotechnology organization is considering investing $200 million and currently seeking a site for the construction of a processing complex in the MINNEAPOLIS and ST. PAUL, MN area.

    Maple Grove, MN

    Medical device mfr. is planning to invest $170 million for the construction of a 400,000 sf laboratory, processing, training, and office campus on 73rd Place in MAPLE GROVE, MN.

    Minneapolis-St. Paul, MN

    Solar panel mfr. is planning to invest $145 million for renovation and equipment upgrades and is currently seeking a 300,000 sf manufacturing facility in the MINNEAPOLIS-ST. PAUL, MN area. Completion is slated for late 2024.

    Elko New Market, MN

    Beverage company is planning to invest $125 million for the construction of a 425,000 sf processing facility in ELKO NEW MARKET, MN.

    Perham, MN

    Cheese mfr. is planning to invest $125 million for the expansion of their processing facility in PERHAM, MN. Completion is slated for Summer 2025.

    Austin, MN

    Municipality is planning to invest $105 million for the renovation and equipment upgrades on their wastewater treatment plant in AUSTIN, MN. Completion is slated for 2026.

    Bloomington, MN

    Municipality is planning to invest $100 million for the construction of an office, medical, and training facility at 9801 Penn Ave. South in BLOOMINGTON, MN. Construction is expected to start in Fall 2024. They will relocate their operations upon completion in Fall 2026.

    Marshall, MN

    Agricultural disinfectant and chemical mfr. is planning to invest $90 million for the construction of a processing facility in MARSHALL, MN.

    Rosemount, MN

    Aluminum recycling company is planning to invest $77 million for a 90,000 sf expansion of their manufacturing facility in ROSEMOUNT, MN. Construction is expected to start in 2024, with completion slated for Summer 2025.

    About Industrial SalesLeads, Inc.

    Since 1959, Industrial SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence  identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities. The Outsourced Prospecting Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team. Visit us at salesleadsinc.com.

    Each month, our team provides hundreds of industrial reports within a variety of industries, including:

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