With its pending new facility, the healthcare company expects to create nearly 1,000 new jobs.
EAGAN, Minn. — A spinoff of Woodbury-based 3M is closer to keeping its permanent headquarters in Minnesota after the Eagan City Council voiced its support for funding to renovate an existing vacant building for the space.
The council approved Solventum Corporation’s applications for Minnesota Investment Fund (MIF) and Job Creation Funds at its meeting Tuesday, approving a resolution asking for $100,000 in loan forgiveness that the city said would otherwise go toward its revolving MIF fund.
The move comes after Solventum officially completed its spin-off from 3M in April. With its pending new facility, the health care company said it expects to create nearly 1,000 new jobs.
“It’s a game changer, for sure,” Jon Althoff, president of the Dakota County Regional Chamber of Commerce, said.
“The hope is that, you know, someone would come in, …