In the past year, Shakopee has used a variety of economic incentives to attract large companies.
• Seattle-based SanMar Corp. gets $2 million in tax-increment financing to build a distribution center.
• Faribault-based Trystar Inc. gets a $1 million tax abatement for an office and manufacturing facility.
• Shakopee approves a tax subsidy of almost $600,000 as part of a larger state and local financial package for Emerson Process Management Rosemount. The division of a St. Louis-based multinational will use the funds to help it expand into a large empty building near Valleyfair.
Other deals are still in the works:
• Datacard Group would move almost 700 jobs from its offices in Minnetonka. The city is considering a possible nine-year tax abatement on the increased taxes it would receive after Datacard acquires and renovates a building.