DEED provides Tata with $500k for Bloomington expansion



Via News Release

ST. PAUL –The Minnesota Department of Employment and Economic Development (DEED) has awarded a $500,000 loan to Tata Consultancy Services (TCS) to help the India-based company expand operations to Bloomington.

The funding, awarded under the agency’s Minnesota Investment Fund, will enable TCS to expand to the 8300 Tower of the Normandale Lake Office Park. In exchange for the loan, the company has committed to creating 150 high-tech jobs in the state paying an average salary of $27 an hour. Half the loan will be forgiven once the jobs are created.”

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