MN: Digi-Key Electronics to Invest $200-$300M for Expansion, 1,000 New Jobs
8 Mar, 2017
Digi-Key Electronics, the Thief River Falls-headquartered global distributor of electronic components, announced it is reviewing several potential options for a one-million-square-foot fulfillment, value-added manufacturing and warehouse center with an investment value of between $200 million to $300 million. While multiple options are under review, Thief River Falls would be its preferred location, contingent on both local approvals and legislative changes required.
According to Dave Doherty, Digi-Key's president and chief operating officer, "Digi-Key's ongoing growth in both domestic and international sales is driving the need for increased capacity." Digi-Key's potential expansion would add 1,000+ new jobs over the next ten years to its existing base of 3,200 employees in Minnesota.
"Given our large size, every major expansion becomes more complex and requires that we review a variety of possibilities," Rick Trontvet, Digi-Key's Vice President of Administration and Human Resources said. "This review process involves a lot of fact finding, including due diligence with local and state officials to help us make these decisions." Digi-Key's current operations generate approximately $1.5 billion in economic output and add over $940 million to the state's gross state product. This new expansion would contribute an additional $500 million in state economic output.
About Digi-Key Electronics
Digi-Key Electronics, based in Thief River Falls, Minn., is a global, full-service distributor of both prototype/design and production quantities of electronic components, offering more than five million products from over 650 quality name-brand manufacturers. With over 1.3 million products in stock and an impressive selection of online resources, Digi-Key is committed to stocking the broadest range of electronic components in the industry and providing the best service possible to its customers. Additional information and access to Digi-Key's broad product offering is available at www.digikey.com.