PeopleNet Seeks Corporate Welfare Handout For Minnetonka Expansion

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Fleet management and transportation technology firm PeopleNet, the local mobility division of Trimble, is in pursuit of public funding to finance part of a Minnetonka expansion.

By proposing to grow its Minnesota workforce by as much as 250 people over the coming years, PeopleNet is seeking an undisclosed amount of public assistance from programs such as the Minnesota Investment Fund, Job Creation Fund and Economic Development Investment Fund.

A paywalled report suggests that the subsidized capital would be applied towards “a long-term lease for about 146,500 square feet in its current building at 4400 Baker Road in Minnetonka. It also plans to add new space in the building at 4350 Baker Road.”

PeopleNet was acquired by Sunnyvale, California headquartered Trimble in 2011 and has since grown from about 200 to 480 employees under the multibillion dollar parent company (NASDAQ: TRMB).

Comments

  • Matt Hardy

    I came for the headline, and stayed for the paywalled article, which states that “The project is estimated to cost $12.5 million. $9.5 million would go toward leasehold improvements, and $3 million would pay for furniture, fixtures and equipment, according to city documents.”

    • http://tech.mn Jeff Pesek

      Hi Matt – of the $12.5m estimated project cost, how much money do you think Minnesota taxpayers should give Trimble shareholders?

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