DEED awards Chemstar Products Company $140K grant
The starch-based polymer provider has committed $1.5 million in capital improvement projects at its Carlton production facility.
Chemstar Products Company in Carlton received a $140,000 grant from the Minnesota Department of Employment and Economic Development, according to a news release.
The starch-based polymer provider has committed $1.5 million in capital improvement projects at its Carlton production facility, the news release said. The projects will contribute to an expansion of the plant and warehouse and will add seven jobs to the company's workforce in Carlton, paying an average wage of almost $20 per hour.
Chemstar Products Company is one of 11 businesses statewide to receive funding from DEED. Chemstar Products Company's grant award comes from the Job Creation Fund, which provides financial incentives to new and expanding businesses that meet certain job creation and capital investment targets. Eligible companies can receive up to $1 million for creating or retaining high-paying jobs and for constructing or renovating facilities or making other property improvements. Companies that invest more than $25 million are eligible for up to $2 million in JCF benefits, the news release said.