RESO 24-036 - Authorizing Submittal of JCF Application - Baxter Healthcare CorporationRESOLUTION NO. 24-036
A RESOLUTION AUTHORIZING SUPPORT OF THE MINNESOTA DEPARTMENT OF
EMPLOYMENT AND ECONOMIC DEVELOPMENT (DEED) JOB CREATION FUND
(JCF) APPLICATION IN CONNECTION WITH BAXTER HEALTHCARE
CORPORATION
WHEREAS, the City of Golden Valley, Minnesota (the “City”), desires to assist
Baxter Healthcare Corporation, which is proposing to improve a facility in the City; and
WHEREAS, the City of Golden Valley understands that Baxter Healthcare
Corporation, through and with the support of the City, intends to submit to the Minnesota
Department of Employment and Economic Development an application for an awar d
and/or rebate from the Job Creation Fund Program; and
WHEREAS, the City of Golden Valley held a City Council meeting on May 7, 2024
to consider this matter; and
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Golden
Valley, Minnesota, that, after due consideration, the Mayor of the City of Golden Valley,
Minnesota hereby adopts the following findings of fact related to the project proposed by
the Baxter Healthcare Corporation, and its application for an award and/or rebate from
the Job Creation Fund Program and express the approval.
The City Council hereby finds and adopts the reasons and facts supporting the following
findings of fact for the approval of the Job Creation Fund Program application:
1. That the project is in the public interest because it will encourage the growth and
commerce and industry, prevent the movement of current and future operations to
locations outside of Minnesota, result in increased employment in Minnesota, and
preserve to enhance the state and local tax base as the project intends to:
a. Create 100 new full-time jobs in the next two years.
b. Assist in the redevelopment of a 90,000 square foot building that will house
a research facility to support customers and manufacturing globally.
2. That the proposed project, in the opinion of the City Council, would not reasonably
be expected to occur solely through private investment within the reasonably
foreseeable future.
a. The company’s option to locate the project outside the State of Minnesota
to aid in the expansion of the business’ lines of production and overall
operations.
b. The company’s willingness to work the City and State of Minnesota to
advertise and recruit for new employees in the region.
3. That the proposed project conforms to the general plan for development or
redevelopment of the City as a whole including:
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a. The proposed project is consistent with the City of Golden Valley’s
Comprehensive Plan and zoning requirements.
4. That the proposed project will afford maximum opportunity, consistent with the
sound needs of the City as a whole, for the redevelopment or development of the
project by private enterprise.
a. The project will fill an existing vacancy within Golden Valley’s office market.
b. The addition of highly-skilled positions will advance the innovation economy
in Golden Valley as well as retain existing Baxter Healthcare Corporation
positions through new investment in both human talent and physical
structure.
5. The new jobs would also be expected to positively impact other Golden Valley and
regional businesses through indirect and direct spending by the new employees
and by businesses benefiting from the enhanced sales as a result of the
incremental spending in the local and regional economy.
Passed by the City Council of the City of Golden Valley, Minnesota this 7th day of May,
2024.
____________________________
Roslyn Harmon, Mayor
Attested:
____________________
Theresa Schyma, City Clerk
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