September 7, 2017—Banner Engineering, a provider of technology for industrial automation, broke ground on a research and development (R&D) building at the company’s global headquarters in Minneapolis, Minn. The R&D building will allow Banner Engineering to create more than 225 new high-tech jobs locally, as well as accelerate product development to meet the increasing demand for smart sensor technologies in factories around the world.
First founded in 1966 by engineer and entrepreneur Bob Fayfield, CEO, Banner Engineering has developed sensor solutions to challenging industry applications since the early 1970s.
Keeping with the company’s core value of putting customers first, Banner Engineering will continue to expand the depth and breadth of their products. Since 2012, Banner Engineering has already increased R&D and manufacturing headcount by almost 50%, and the company is poised for continued growth into the next decade.
Designed by HCM Architects, the new 50,000 square foot addition will include labs, training spaces, and over 44,000 square feet of new office space—more than doubling the company’s current allotment for new product research and development. Kraus Anderson Construction Company (KA), the general contractor on the project, began construction last week. The new building is scheduled for completion in summer of 2018.
