Twin Cities tied to sharp drop in 2025 expansion dollars
Minnesota business expansion announcements plunged to roughly $2.5 billion in 2025, a sharp drop tied largely to fewer and smaller Twin Cities-area projects.[1]
The average known expansion value fell to about $70 million in 2025 from nearly $200 million in 2024.[1] The state Department of Employment and Economic Development recorded 122 expansion projects in 2025, down from 235 projects in 2018.[1]
North Wind's planned testing center at the UMore site in Rosemount was the largest 2025 expansion at about $1 billion.[1] Other major Twin Cities-area announcements included a $400 million HealthPartners hospital in Stillwater, a $163 million Daikin Applied R&D lab in Plymouth, and Boston Scientific's $139.4 million first-phase campus expansion in Maple Grove.[1] Boston Scientific's expansion is expected to add about 440 jobs by 2030.[1] Despite the 2025 slowdown, 29 projects totaling about $2.3 billion were announced in the first quarter of 2026, signaling possible recovery.[1]
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📌 Key Facts
- Total Minnesota business expansions announced in 2025 were valued at roughly $2.5 billion, significantly below prior years.
- Average known expansion value dropped to about $70 million in 2025 from nearly $200 million in 2024.
- DEED recorded 122 expansion projects in 2025, down from 235 in 2018, while 29 projects totaling $2.3 billion have already been announced in Q1 2026.
- North Wind’s planned testing center at the UMore site in Rosemount is a $1 billion megaproject and the largest 2025 expansion.
- Key Twin Cities–area expansions include a $400 million HealthPartners hospital in Stillwater, a $163 million Daikin Applied R&D lab in Plymouth, and Boston Scientific’s $139.4 million first-phase campus expansion in Maple Grove expected to add 440 jobs by 2030.
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