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The Briefcase

Grants go to two area businesses

Two local companies recently landed sizable grants to expand from the Minnesota Department of Employment and Economic Development's Job Creation Fund.

Alexandria Industries received $175,000 to add a new extrusion press and add 7,300 square feet of manufacturing space and 11,300 square feet of office space, a total project cost of $16.4 million.

The company expects to create 14 jobs within the next three years with an average cash wage of $15.63 an hour.

Reprocessed Plastics in Garfield received $175,000 to add 13,000 square feet to grow its business of recycling waste into industrial products.

The total project cost is estimated at $638,441, and the company expects to create 20 jobs within the next three years.