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City of Alexandria approves Tax Increment Financing

28 February 2023 //



Following our 2022, eighty acre land purchase on Nevada Street in Alexandria, MN, Massman Companies is moving forward with planning the construction of a company campus in Alexandria to support its current facility needs and future growth projections. The first phase of the campus will be a 73,000 square ft facility which will provide manufacturing space to assemble Massman’s automated packaging machines and support Massman’s sales, engineering, and administration.  Massman’s plans include a site designed for employee well-being with an abundance of natural light throughout the facility, community space, outdoor access, and walking trails.

On Monday, February 27th, 2022, the Alexandria City Council approved plans for the new facility. This included Tax Increment Financing for the project which is a nine-year agreement offsetting a portion of the increased tax value of the property following development. In a Tax Increment Financing, Massman will pay the full tax value, and the city will credit back a portion for a nine-year period.

Massman looks forward to beginning construction this spring and summer with a target completion date in early 2024.

Massman Companies Inc. represents a strategic collection of industry-leading manufacturers of packaging equipment with the unique capability to combine a wide variety of turnkey packaging solutions. The Massman Companies include; Massman Automation, EDL Packaging, DTM Packaging, Ideal Pase, and New England Machinery. Massman Companies share a goal to design, build, and install industry-leading packaging equipment that will increase efficiency, lower costs, and provide their customers with a superior packaging solution. Through its collection of companies, Massman can provide full line solutions from bottle/carton to pallet across a wide variety of industries and product applications.

Media Contact

Ross Gencheff
Director of Product Marketing

Read more about Massman’s recent land purchase in Alexandria, MN: Land Purchase

View a copy of the land purchase press release: Download Press Release

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