Jake Judd KNSI News (KNSI) – Two central Minnesota manufacturers were showcased as the state announced a loan program to help manufacturers introduce robots in their facilities.
The Minnesota Department of Employment and Economic Development has $97 million available through the State Small Business Credit Initiative . DEED loans can be up to $500,000 and must be matched by the company. The money is to help companies automate production for manufacturing, distribution, technology, and warehousing businesses with 500 or fewer employees. Minnesota DEED SNX Technologies Sauk Rapids owner Mike Noelting is one of those businesses benefitting from the program. “We’re […]
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