Polaris Industries eyes new R&D facility
September 8, 2003
Filed under Features
Polaris Industries, Medina, Minn., is seeking land for a research and development facility in the northern suburbs of the Minneapolis/St. Paul, Minn., metro area as well as Wisconsin.
The company has scouted in at least three communities: North Branch and Wyoming, Minn., and Osceola, Wis. Polaris currently has a manufacturing site in Osceola.
The site in North Branch is 1,000 acres, according to Dave Stutelberg, finance director of North Branch.
Other reports say the Wyoming land parcel is 600 acres. Plans for this property include a 95,000 square-foot building.
Polaris officials were unavailable for comment about the facility.
The Minnesota Department of Economic Development has been active in finding Polaris a site in Minnesota.The company is looking to start building in 2004.
The new engineering facility would have a proposed 300 employees, including 250 engineers, Stutelberg said. It is unclear if engineers from its Roseau, Minn., offices would move.
The company has announced plans to increase R&D spending in the next five years, with a focus on new products.
The company has recently invested $9 million to expand the R&D facilities in Roseau, and gave a $12 million facelift to the manufacturing portion of the Roseau plant.