Why this project qualifies
With $169.7 million in facility-specific investment and 175 permanent operating jobs announced, this project clears both of AFT's qualifying thresholds ($100 million in facility-specific investment OR 100 permanent operating jobs). This project also meets AFT's primary-source verification and physical U.S. manufacturing-footprint requirements.
View full methodology →Why it matters
The advanced manufacturing context.
Advanced Manufacturing tracks major U.S. facilities producing sophisticated industrial equipment, computing hardware, automation systems, precision components, and other high-value manufactured goods that do not fall within AFT's dedicated industry categories.
Project record
At a glance
- Company
- Niron Magnetics
- Industry
- Advanced Manufacturing
- Location
- Sartell, Minnesota
- Investment
- $169.7M
- Permanent jobs announced
- 175
- Status
- Under Construction
- Announced
- Oct 1, 2024
- Expected opening
- 2027
- Added to tracker
- Sep 23, 2026
Sources
Official references
- Minnesota DEED business-expansion projects 2025 (Niron Magnetics) https://mn.gov/deed/assets/business-expansion-projects-2025_tcm1045-744312.pdf
- Niron Magnetics Sartell next-phase manufacturing announcement https://nironmagnetics.com/news/niron-magnetics-and-city-of-sartell-advance-next-phase-of-rare-earth-free-permanent-magnet-manufacturing-project
Related
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