St. Cloud’s Park Industries Planning $11 Million Expansion
ST. CLOUD - A St. Cloud granite equipment manufacturing company is planning an $11 million expansion.
Park Industries has proposed an expansion of nearly 34,000 square feet of production space to their existing building on Saukview Drive.
The project would be done in two phases, with the first phase this fall, and the second next summer. The $11 million project includes 60 percent in new machinery and equipment, and 40 percent in construction.
The expansion would create 20 new full-time jobs, at a minimum average hourly wage of $20 an hour.
Park Industries would ask the city for help on the project in the form of $276,000 from a Tax Increment Financing District. They'll also ask for the state's help, with a grant through the Job Creation Fund.
Park Industries has been in St. Cloud for 61 years. It employs about 225 people. It is the largest manufacturer of stone processing equipment in North America.