Article by: Chris Giesen
Halcon Furniture recently broke ground on a 15,000 square foot, $3.3 million expansion at its Stewartville, Minnesota headquarters. The expansion will create at least 10 new jobs at a wage of at least $14 per hour over the next two years and will likely create an additional 40 jobs within that same time frame. The project will create a “working showroom” that will bring Halcon’s nationally-based clients to Stewartville to view Halcon’s products in action, freeing up existing space for additional manufacturing capacity.
In order to facilitate this expansion, Stewartville’s CEDA team members were able to secure a $175,000 Minnesota Job Creation Fund grant as well as work with the Stewartville EDA and City Council to approve a $400,000 tax increment finance (TIF) district. “Halcon has been a great community partner and we look forward to their continued success in Stewartville” said CEDA Vice President Chris Giesen, who is assigned to Stewartville. He continued, “This is the second Job Creation Fund award that CEDA has helped secure for a business expansion in southeast Minnesota. The program is less than one year old, and to my knowledge CEDA is the first and only organization in Minnesota that has successfully authored two such applications; this one in Stewartville and another in Harmony earlier this year.”