Pelican BioThermal Awarded Job Funds to Aid Company’s Maple Grove Expansion
A company that recently moved to Maple Grove will receive state funds to help create new, high-quality jobs. The Minnesota Department of Employment and Economic Development (DEED) awarded Pelican BioThermal a loan of $315,000.
Pelican BioThermal relocated to Maple Grove earlier this year from a facility in Plymouth, which the company had outgrown. According to DEED officials, the funding will help the company expand its manufacturing capacity with new high-speed automation machinery. The funds will also help add a new product line.
The Maple Grove project was one of three to receive state job funds. DEED also awarded a total of $1.2 million to Cirrus Aircraft to help renovate a Duluth Airport maintenance building into a product development innovation center. King Technology in Minnetonka will receive $617,000 to expand its operations.
“These expansions will help grow the Minnesota economy for years to come and pave the way for future economic growth,” said DEED Commissioner Steve Grove in a press release announcing the funding.
Pelican BioThermal specializes in temperature-controlled packaging. Its products played a role in shipping COVID-19 vaccines.
The Maple Grove company received a Minnesota Investment Fund loan, which aims to create and retain high-quality jobs with a focus on industrial, manufacturing and technology-related industries.
The Pelican BioThermal expansion is expected to cost just over $1 million. The project plans to create 35 jobs with an average wage of $24 per hour.