Scott County has offered Emerson Electric a $2.4 million incentive package that includes the use of fiber optic network.
Emerson Process Management is considering the former ADC Telcommunications building as a site to expand its operations. Emerson would create 500 jobs in Shakopee and occupy 300,000 square feet of the building with plans to expand.
Last Tuesday, the Scott County Board voted unanimously to approve a $570,000 tax abatement for Emerson and to let the company use its fiber network, which would result in a savings of between $1.1 million and $1.7 million, the Shakopee Valley News is reporting.
The company has requested an assistance package valued at $6 million. The city of Shakopee has approved $590,000 in property tax abatement, and additional assistance could come from the city, the state and the Burnsville-Eagan-Savage school district, where the ADC site resides.
Shakopee Valley News has more on the fiber deal:
The fiber network runs near the ADC site, but it’s also in close proximity to Rosemount’s current facilities in Chanhassen, Eden Prairie and Bloomington.
Scott County would contribute up to half ($150,000) of the cost of extending the fiber to the Shakopee site and Rosemount’s other three facilities.
The County Board also agreed to provide Rosemount a 1-gigabit connection between the Rosemount facilities (local area network) and the telecommunications hub (511 building) in Minneapolis for a direct connection to the Emerson Global Network at a constant rate of $3,500 per month.