The OEM has announced its plans to expand its corporate campus, located in Ramsey, New Jersey.
This week Konica Minolta Business Solutions revealed that it plans to expand its headquarters, based in Ramsey, New Jersey. This expansion is aided in part by Grow NJ tax credits of up to $29 million, which was approved by the New Jersey Economic Development Authority; the NJ Business Action Centre has assisted the OEM “through the process.”
Behind the company’s workforce and workplace expansion lies Konica Minolta’s growth into smart office technology products, Industrial Print and MPS, as well as “recent corporate acquisitions.” Currently, the Ramsey HQ employs 474 people, working in two buildings which span approximately 191,000sqft. Plans for the expansion include a 29,400sqft addition, as well as the lease of “additional space” and “expanded parking facilities.” Konica Minolta also aims to create 400 new jobs “to support corporate business growth” and the local economy.
This project “would amount to a $20 million investment” by the OEM and would also benefit New Jersey “by $65 million over 20 years.”
Our new corporate campus will bring employees together to foster collaboration and fuel further growth for our organization,” stated Rick Taylor, President and CEO, Konica Minolta. “We are eager to grow our workforce in New Jersey to ultimately better serve our customers. The Ramsey location is ideal for us to attract talent from the tri-state area while balancing the flexibility we need to grow our business.”