$43M Minnesota Funding Spurs Jobs, Expansion, Innovation

URLhttps://businessfacilities.com/43m-minnesota-fundi
SourceBusiness Facilities
Date Published05/26/2026

Additional Reshoring Information:

Company/Division name Polar Semiconductor and Honeywell Aerospace
Parent companyPolar Semiconductor and Honeywell Aerospace
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2026
Domestically, the work will be done:Both
Capital investment ($):5.7
City reshored to:Twin Cities
State(s) reshored to:MN
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredquantum spintronic devices
What domestic positive factors made reshoring more attractive?Government Incentives, Skilled workforce availability/training
Government Incentive dollar amount:2,833,000
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