- Associated Press - Tuesday, October 21, 2014

SHAKOPEE, Minn. (AP) - Emerson Process Management has opened its new $70 million headquarters in Shakopee.

The company makes wireless monitoring systems for oil refineries and other industrial uses. Its business has received a boost from increased oil production.

The company has invested more than $110 million in expansions in Shakopee, Eden Prairie and Chanhassen and plans to add more than 500 new jobs at the three sites over the next five years.

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