Thomson Looks to Expand on its Eagan Campus
$100 million project to add 2,000 jobs
Eagan, Minn. 01/24/2007 - The Thomson Corporation (NYSE: TOC; TSX: TOC) announced today its intention to expand its facilities on the Thomson West Eagan campus to include a new office building and data center. Thomson expects the new office space will house 2,000 additional employees by 2012.
The expansion will add approximately 425,000 square feet of office and 80,000 square feet of data center space to the campus, and represents a capital investment of more than $100 million, to be paid over two years. The new office space will house technology, finance, service and other professional jobs in Eagan.
Thomson Vice Chairman Brian Hall said the company expects to add 1,100 technology and operations jobs to support growth of the Thomson West business, as well as additional positions that support pan-Thomson services. “The decision to grow in Minnesota affirms the importance of the Eagan campus and ensures that it will continue to be a critical center for Thomson operations in the future,” said Hall. “We think this is great news for the community, and for all Thomson colleagues who live in the area.”
“Thomson’s plan to add 2,000 good, high-paying jobs in Eagan is great news for Minnesota’s economy,” Governor Tim Pawlenty said. “Their decision shows Minnesota is an excellent place for employers to grow their businesses. We look forward to working with Thomson on their expansion.”
“For 30 years, the City of Eagan and Thomson West have enjoyed a long and successful partnership,” said Eagan Mayor Mike Maguire. “Thomson’s continued investments in Eagan enhance Eagan’s reputation as a technology leader.”
State Senator Jim Carlson added, “Thomson West has been an important part of the Eagan area for more than 20 years, and these are the very kinds of jobs that help to support the economic vitality of our area. We’re pleased that the company has made the decision to expand its presence here.”
“Going back to my days on the city council, Thomson West has always been a model corporate citizen,” said Minnesota State Representative Sandy Masin. “I am confident their investment will benefit the citizens of Eagan, residents of Dakota County and the state of Minnesota as a whole.”
The Eagan campus is the headquarters for Thomson West and the Thomson North American Legal business unit, and also is an important operations hub for Thomson. The campus has more than 6,800 employees, including 1,400 technology professionals and 800 attorneys.
The company expects to break ground on the data center in April 2007 and the office space in August 2007; the data center occupancy is planned for November 2007 and the office space for October 2008.
Note to editors A gallery has been established at www.west.thomson.com/news with renderings of the campus post-expansion, as well as other images.
The Thomson Corporation
The Thomson Corporation (www.thomson.com) is a global leader in providing essential electronic workflow solutions to business and professional customers. With operational headquarters in Stamford, Conn., Thomson provides value-added information, software tools and applications to more than 20 million users in the fields of law, tax, accounting, financial services, scientific research and healthcare. The Corporation’s common shares are listed on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).
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