Brooklyn Park welcomes McLaughlin Gormley King (MGK), illustrating recent trend of business boom in the city
May 6, 2019 08:37 AM
Brooklyn Park, MN (May 6, 2019) – Brooklyn Park is proud to welcome McLaughlin Gormley King (MGK) as the city’s newest business to relocate to Brooklyn Park. MGK develops and manufactures high-quality insecticides control products for household, commercial and crop protection markets.
This is the latest development in an exciting trend of businesses choosing to start, stay and grow in Brooklyn Park. Protolabs, Mill City Credit Union, NAPCO and Second Harvest Heartland have also recently decided to relocate or expand in the city. Brooklyn Park attracts businesses because of proximity to highways and public transit options, easy access to Downtown Minneapolis, a growing labor market, as well as an affordable and high quality of life for employees and residents.
MGK’s relocation consists of acquiring an approximately 145,000-square foot facility to accommodate the company’s office, lab, and specific manufacturing functions, located at 7325 Aspen Ln N. The total project cost is $13,950,000. MGK received a $425,000 grant from the Minnesota Department of Employment and Economic Development (DEED) in the form of job creation funds (JCF) monies. MGK currently has about 120 employees and expects to create 37 jobs with an average wage of $33.91 an hour over the next three years.
“It is always exciting to find out a business is interested in locating in Brooklyn Park and MGK’s relocation to Brooklyn Park is no exception. MGK is a great addition to our already strong high-tech manufacturing business base in the City. It is also great when we can work with our partners at the state level to keep a company that provides good jobs to the region,” says Daniela Lorenz, Business Development Coordinator for the city of Brooklyn Park.
MGK is among a growing list of Brooklyn Park businesses that have taken advantage of the DEED Job Creation Fund monies. The Job Creation Fund provides financial incentives to new and expanding businesses that meet certain job creation and capital investment targets. You can learn more about the requirements here. Additional Brooklyn Park companies that have received this funding are Takeda, Star, Olympus, Design Ready Controls and Biomerics.
This award-winning program has been recognized for its innovation by the Economic Development Association of Minnesota.