Pace Announces Minnesota Expansion
May 11, 2016
Pace Industries, Fayetteville, Arkansas, announced plans for a $6.3 million expansion of its Maple Lake, Minnesota, facility.
Pace will add 60,000 sq. ft. and adjust an existing structure, which will result in 20 new jobs.
According to a news release, the Minnesota Department of Employment and Economic Development (DEED) is supporting the project with a $167,969 grant from the Job Creation Fund. That money will go to Pace once it meets its “hiring and investment commitments.”
“Pace Industries has a strong reputation for producing innovative and quality products,” said Shawntera Hardy, Commissioner, DEED. “We thank the company for its commitment to Minnesota and for bringing new jobs to Maple Lake.”
Pace, a diecaster, acquired Maple Lake’s Product Technologies in 2000, renaming it their product tech division. The Maple Lake operation specializes in diecasting medical devices and for the recreation vehicle, power and hand tool, and telecommunications industries.