Expansion would include new fulfillment, value-added manufacturing and warehouse center with an investment value of between $200 and $300 million
Digi-Key Electronics, Thief River Falls MN, global distributor of electronic components, has announced that 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 and $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.
“Digi-Key’s ongoing growth in both domestic and international sales is driving the need for increased capacity,” says Dave Doherty, Digi-Key’s president and COO. “Digi-Key’s potential expansion would add more than 1,000 new jobs over the next 10 years to its existing base of 3,200 employees in Minnesota.”
Expansion would contribute an additional $500M in state economic output
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.
“Given our large size, every major expansion becomes more complex and requires that we review a variety of possibilities,” adds Rick Trontvet, Digi-Key’s vice-president of administration and human resources. “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 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.