Medical manufacturer Juno Inc. will spend about $6 million to purchase and renovate a former packaging plant in Anoka, company president David Novak said Tuesday.
The Anoka City Council expects to vote July 9 on an agreement to provide up to $149,000 in property tax abatements to Juno in the next 10 years to support the project, which involves a 112,000-square-foot building at 1220 Lund Blvd.
The Juno metal products business - which operates out of a Juno-owned building at 1040 Lund Blvd. - will join another division of Cretex to become a new company that will be run by Novak and will expand into the nearby 1220 Lund Blvd. location. Novak said the company would release more details later this month.
Adam Belz 612-673-4405