Watch out, Rainbow. Iowa's employee-owned supermarket, Hy-Vee, has announced plans to open several locations in the Twin Cities, in addition to the 17 southern Minnesota stores it currently operates. Hy-Vee currently has 235 stores in eight states and takes in $8 billion annually. The chain plans to spend $14-16 million on the approximately 90,000-square foot Twin Cities locations set to open in the next few years.
"We have been looking in the Minneapolis/St. Paul area for a number of years and the time, I think, is right for retail expansion of all kinds. We started looking for properties in the area more seriously about a year ago," spokesperson Chris Friesleben said.
According to the Minneapolis/St. Paul Business Journal, Hy-Vee is the 33rd largest employer in the state with 5,100 employees. With the upcoming expansion, it's estimated that the supermarket chain will employ another 400 to 500 Minnesotans. More »