Minnesota’s economy soared to new heights today. Endeavor Air (formerly Pinnacle Airlines) held a ribbon cutting ceremony celebrating the company’s move to Minnesota. Endeavor Air’s move is expected to create at least 200 new jobs in our state during the next two years.
Currently, Endeavor Air employs about 1,100 in Minnesota, including pilots, flight attendants, and aircraft maintenance workers. The airline has a significant presence outside of Minnesota as well, operating 189 regional jets on 1,000 daily flights to 124 cities in the United States and Canada. The company also may move additional aircraft maintenance positions to Minnesota in the future.
Working the Minnesota Department of Employment and Economic Development (DEED), Endeavor found a great new headquarters located in a previously vacant site at the Minneapolis/St. Paul International Airport. The location will house both the airline’s corporate offices and flight operations center, which handles aircraft and crew scheduling.
Endeavor Air recognized that Minnesota’s highly skilled workforce and welcoming communities make our state a great place to do business. DEED also provided Endeavor Air a $550,000 forgivable loan from the Minnesota Investment Fund (MIF) to help them make the move north from its previous headquarters in Memphis, TN.
The success of the MIF initiative in bringing Endeavor Air to Minnesota demonstrates the program’s importance as an economic development and job creation tool for the state. This isn’t the only success for the program either. During the last 8 years, MIF has funded 53 projects, creating thousands of jobs and leveraging $587 million in private economic development. In 2012, MIF helped Gerdau Long Steel in St. Paul, Stream Global Services in Eagan, and AAR Aircraft Services in Duluth expand and create new jobs across Minnesota.
This year, Governor Dayton and the Legislature invested an additional $30 million in the MIF initiative. This new investment is expected to attract $800 million in private business investment creating thousands of new jobs across Minnesota.