Digi-Key Plans a 1 Million Square Foot Warehouse
11 March, 2017
Digi-Key's potential expansion would add 1,000+ new jobs over the next ten years to its existing base of 3,200 employees in Minnesota
Digi-Key Electronics, the Thief River Falls, Minn-headquartered global distributor of electronic components, announced that it is reviewing several potential options for a one million square foot, value-added manufacturing and warehouse center. The company plans to invest between $200-$300 million. While multiple options are under review, Thief River Falls would be its preferred location, contingent on both local approvals and legislative changes required.
According to Dave Doherty, Digi-Key’s President and Chief Operating Officer, “Digi-Key’s ongoing growth in both domestic and international sales is driving the need for increased capacity.” Digi-Key’s potential expansion would add 1,000+ new jobs over the next ten years to its existing base of 3,200 employees in Minnesota.
Over 1.3 million products in stock
“Given our large size, every major expansion becomes more complex and requires that we review a variety of possibilities,” said Rick Trontvet, Digi-Key’s Vice President of Administration and Human Resources. “This review process involves a lot of fact finding, including due diligence with local and state officials to help us make these decisions.” Digi-Key’s current operations generate approximately $1.5 billion in economic output and add over $940 million to the state’s gross state product. This new expansion would contribute an additional $500 million in state economic output.
Digi-Key Electronics, based in Thief River Falls, Minn., is a global, full-service distributor of both prototype/design and production quantities of electronic components. It offers more than five million products from over 650 quality name-brand manufacturers. With over 1.3 million products in stock and an impressive selection of online resources.