The Minnesota Department of Employment and Economic Development (DEED) has awarded more than $2 million to support five business expansion projects expected to create or retain 141 jobs and generate over $19 million in private investment across Minnesota.

In a news release, DEED Commissioner Matt Varilek said the awards demonstrate how modest public incentives can catalyze significant private-sector growth, strengthening Minnesota’s position as a national leader in innovation and job creation.

The funding comes through DEED’s Job Creation Fund, which supports businesses meeting job and capital investment targets, and the Minnesota Investment Fund, which provides loans for capital equipment to help companies expand or retain high-quality jobs.

AirCorps Aviation in Bemidji, a specialist in restoring and manufacturing vintage and modern aircraft, will receive $175,000 from JCF and invest $4.65 million to build a new hangar, creating 14 jobs.

Atscott Manufacturing in Pine City, a contract manufacturer providing part production and assembly services for industrial and commercial customers, will use its $175,000 award toward a $3 million expansion adding a 12,000‑square‑foot facility and new assembly bays, creating 15 jobs.

RES Specialty Pyrotechnics in Le Sueur CounAirCorps Aviation in Bemidji, a specialist in restoring and manufacturing vintage and modern aircraft, will receive $175,000 from JCF and invest $4.65 million to build a new hangar, creating 14 jobs.

RMS Company in Coon Rapids, a medical device manufacturer supplying precision‑machined components and assembly services to global medtech firms, will undertake an $11 million expansion supported by $800,000 from JCF and $600,000 from MIF, creating 75 jobs.

Ryder Integrated Logistics in Shakopee, a provider of outsourced warehousing, distribution and transportation management solutions, will invest $1.8 million to renovate an industrial facility, backed by $175,000 from JCF, creating more than 30 jobs.