Hoeven: Bobcat's $20 Million Expansion in Bismarck Will Spur Innovation and Job Growth for North Dakota
BISMARCK, N.D. – Senator John Hoeven today marked the continued expansion of North Dakota’s economy while helping to break ground on the new $20 million Bobcat Company Acceleration Center located at the company’s existing Bismarck-based Northern Plains Commerce Centre (NPCC) facility. The expansion of the NPCC site, coupled with additional renovation projects, will boost Bobcat’s product design and testing capabilities, while initially enabling 135 salaried employees to work from the facility.
Senator Hoeven traveled to South Korea to promote trade and push for the new U.S.-South Korea Trade Agreement that passed in the last session of Congress. While there, Hoeven met with Yongmaan Park, Chairman of Doosan Corp., the parent company of Bobcat. The Senator encouraged him to expand Bobcat’s operations in North Dakota and last year, the company announced its current expansion plans in Bismarck.
“We appreciate Bobcat’s expansion, and in particular, we welcome the Acceleration Center, the company’s outstanding new innovation facility in Bismarck where it will create, design and test the cutting-edge products of the future,” Hoeven said. “We’ve worked with Rich Goldsbury and Bobcat over the years because they have always been innovators and makers who would thrive in the pro-business, innovative climate we’ve worked hard to develop in North Dakota.”
Bobcat’s new Acceleration Center is intended to foster the innovation and development of new, cutting-edge products. The new facility will allow employees to prototype new ideas and projects and expand production operations for Bobcat’s compact attachments line which creates new tools for customers to use with Bobcat equipment. In addition to the $20 million investment in new construction, land and technology investments, Bobcat is also investing an additional $15 million to renovate several portions of the existing NPCC facility, bringing to $35 million the company’s investment in Bismarck.
Bobcat currently employs 225 salaried employees at its Bismarck locations and 400 hourly employees at its Bismarck Factory. The company maintains headquarters in West Fargo and has additional facilities located in Fargo, Gwinner and Wahpeton.
In addition to Hoeven, Senator Heidi Heitkamp, Congressman Kevin Cramer, Governor Jack Dalrymple, Bismarck Mayor John Warford and Bobcat President Rich Goldsbury participated in today’s groundbreaking ceremony.
Next Article Previous Article