The 4-storey product distribution centre should occupy an overall footprint of 1million sq ft and initial investment is projected at more than $300 million.
Digi-Key also reported 26% growth worldwide in 2017, with sales topping $2.3 billion, exceeding the $2bn mark for the first time in its history.
Digi-Key says this success has enabled it to add over 170 employees in 2017, with 140 in Thief River Falls.
“Our original commitment was to generate 100 new jobs in Thief River Falls per year over 10 years, above and beyond our 2017 base of 3,200, which was conservative, so we are exceeding our projected employment already,” adds Rick Trontvet, vice president of administration.
Dave Doherty, president and chief operating officer at Digi-Key Electronics, says: “As our worldwide revenue growth continues, Digi-Key will need to add more team members in Thief River Falls to keep pace with our growth that has been more than double of others in our industry.”
Digi-Key says that this expansion will contribute an additional $500 million in economic output and will bring 250-300 construction employees to Thief River Falls to construct and operationalise the new facility over 3 years.
