Oct. 27–NORTH MANKATO — A trucking goods business is looking to relocate to North Mankato, though company representatives say they’re not in a hurry to do so.
Harrison Truck Centers rents three facilities in Mankato, but the company bought 21 acres of land near North Mankato’s new industrial park area in the northwest part of town last year. The North Mankato City Council approved a petition to annex Harrison’s property during a council meeting last week.
Harrison has no plans to move out of its Mankato location any time soon, however. Chief Financial Officer Dustin Petersen said the company is simply taking its time to position itself for a relocation in the future.
“We’d be relocating to that new facility eventually,” he said.
Petersen said the company would have to go through a number of steps before it can consolidate its Mankato facilities all in one location.
Harrison employs about 400 people and has seven locations throughout Minnesota and Iowa.
Harrison makes the third business to show interest in joining the new portion of the city’s Northport Industrial Park, located by Timm Road and County Road 26. Blue Star Power Systems Inc., a generator manufacturer, and Palmer Bus Services plan to move into the park.
Blue Star planned to excavate the property this fall and could start building a 105,000-square-foot facility next spring. Council members recently approved a tax-increment financing district plan for Blue Star as well.
Blue Star’s TIF request, a type of subsidy that directs taxes to the property owner’s development, is the latest in a number of similar tax break requests made this year. Under Blue Star’s TIF agreement, the company could receive about $227,000 back each year between 2020 and 2028, up to $2 million in total. The company did agree to provide reimbursements for site developments and soil improvements.
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