WEST DES MOINES, Iowa — Grocer Hy-Vee, which operates 235 stores in eight states, is planning a major expansion of its Minnesota operations into the Twin Cities market.
The proposed expansion would add several new stores to the Twin Cities market per year, over the next several years. Each store opened will be approximately 90,000-square foot, with an investment of approximately $14 million to $16 million, creating anywhere from 400 to 550 new jobs.
The company has one location under contract in the Twin Cities area, with several more projects in various stages of research and development.
Hy-Vee has been a fixture in Minnesota communities since 1969 and currently has 17 employee-owned stores statewide with approximately 5,100 employees.
“Our commitment to excellent customer service, health and wellness, and culinary expertise is unlike anything in the market to date,” stated Randy Edeker, chairman, CEO and president of Hy-Vee. “Minnesota and its residents have long been important partners, and we are proud to extend that partnership into the Twin Cities area.”
Hy-Vee is an employee-owned corporation that recorded sales of $8 billion for 2013.