{"id":1004050334,"date":"2012-10-07T20:49:01","date_gmt":"2012-10-08T04:49:01","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=72554"},"modified":"2020-04-08T11:43:47","modified_gmt":"2020-04-08T19:43:47","slug":"polaris-industries-breaks-ground-on-expansion-of-product-development-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/polaris-industries-breaks-ground-on-expansion-of-product-development-center\/","title":{"rendered":"Polaris Industries Breaks Ground on Expansion of Product Development Center"},"content":{"rendered":"

By Gabriel Circiog, Associate Editor<\/p>\n

Polaris Industries Inc. recently broke ground on an expansion of a product development center near Wyoming, Minn. \"\"<\/a><\/p>\n

Various Polaris executives, politicians and civic leaders attended the groundbreaking ceremony, including U.S. Sen. Amy Klobuchar, U.S. Congressman Chip Cravaack and Commissioner Mark Phillips of the Minnesota Department of Employment and Economic Development (DEED). \u201cThis investment is an important boost to the local economy and will help maintain Polaris\u2019 place as an industry leader and innovator,\u201d said DEED Commissioner Phillips.<\/p>\n

The StarTribune<\/em> reports the Polaris Industries is set to spend $20 million to build the 144,000-square-foot addition to its existing facility, located on 620 acres of land around 30 miles north of Minneapolis. The contractor, Ryan Cos., will start construction next week, and the project is expected to be finalized by August of next year.<\/p>\n

Polaris first opened the product development center in 2005, with the help of the state\u2019s JOBZ tax incentive program, Ryan Cos. having led construction of the original building. \u201cWe were excited when Polaris chose Ryan to construct its product development center in 2005, and we\u2019re feeling that excitement again as we partner with Polaris to expand the facility,\u201d said Pat Ryan, president & CEO of Ryan Cos. US Inc.<\/p>\n

Polaris is expecting to transfer around 100 employees into the new space and ultimately plans to add another 300 workers to the facility over the next three years. Greater MSP, the region\u2019s economic development partnership, coordinated the effort to compile a package of financial incentives to help Polaris expand. A mix of R&D credits, JOBZ financing, job training support, infrastructure improvements and other incentives were drawn up in collaboration with Chisago County, the city of Wyoming and DEED to support Polaris\u2019 project.<\/p>\n

For more market data on Minneapolis, please click here<\/strong><\/a>.<\/p>\n

Image Courtesy of: www.ryancompanies.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Polaris Industries Inc. recently broke ground on an expansion of a product development center near Wyoming, Minn.<\/p>\n","protected":false},"author":1269,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36076,21742],"tags":[],"class_list":["post-1004050334","post","type-post","status-publish","format-standard","hentry","category-minneapolis-st-paul","category-latest"],"acf":[],"yoast_head":"\nPolaris Industries Breaks Ground on Expansion of Product Development Center - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/polaris-industries-breaks-ground-on-expansion-of-product-development-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Polaris Industries Breaks Ground on Expansion of Product Development Center\" \/>\n<meta property=\"og:description\" content=\"Polaris Industries Inc. recently broke ground on an expansion of a product development center near Wyoming, Minn.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/polaris-industries-breaks-ground-on-expansion-of-product-development-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-10-08T04:49:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-08T19:43:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/10\/Polaris-Product-Development-Center.jpg\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/polaris-industries-breaks-ground-on-expansion-of-product-development-center\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/polaris-industries-breaks-ground-on-expansion-of-product-development-center\\\/\"},\"author\":{\"name\":\"the Editors of Commercial Property Executive\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b82b91678533ae5d40e3240086a42bb\"},\"headline\":\"Polaris Industries Breaks Ground on Expansion of Product Development Center\",\"datePublished\":\"2012-10-08T04:49:01+00:00\",\"dateModified\":\"2020-04-08T19:43:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/polaris-industries-breaks-ground-on-expansion-of-product-development-center\\\/\"},\"wordCount\":313,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/polaris-industries-breaks-ground-on-expansion-of-product-development-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/10\\\/Polaris-Product-Development-Center.jpg\",\"articleSection\":[\"Minneapolis-St Paul\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/polaris-industries-breaks-ground-on-expansion-of-product-development-center\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/polaris-industries-breaks-ground-on-expansion-of-product-development-center\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/polaris-industries-breaks-ground-on-expansion-of-product-development-center\\\/\",\"name\":\"Polaris Industries Breaks Ground on Expansion of Product Development Center - 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