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Networked: May 2019

Your top networking options this month.

Evine Live Secures $6 Million Investment, Lands Familiar Face as New CEO

Invicta Watch Group’s investment helps save Evine from the threat of stock exchange de-listing. Simultaneously, Invicta CEO Eyal Lalo will join the board and former Evine COO and CFO Tim Peterman will return as CEO.

3M Acquiring Texas-Based Medical Device Co. Acelity

The estimated $4.3 billion deal, considered 3M’s largest ever, will improve 3M’s presence in the medical device space—the only area that saw sales growth in Q1.

Thrivent Job Cuts in Line with Trend

The number of Minnesota workers affected by mass layoffs increased 47% in 2018.

Five Ways to Celebrate May

Since April showers bring May celebrations, here are five ways to welcome spring.

Timberwolves' Fast Break into E-Sports

Timberwolves’ bank shot into competitive gaming is turning costly. Will it rebound?

Dr. Bill McGuire's Stadium-Sized Goals for MN United

MN United's managing partner takes TCB inside the Twin Cities' youngest sports franchise as it prepares to move into its new facility and its next era.

Minnesota Investment Leader Lee Kopp Retiring, Closing Down Business

Kopp will step down as chairman and shutter Kopp Investment Advisors as he shifts his focus to philanthropy work through the Kopp Family Foundation.

The Lab is an Incubator…For Beer

St. Paul welcomes BevSource’s new interactive taproom and beverage laboratory, where startups can refine new brews and the public can go for first sips.

Marvin Windows and Doors Streamlines Its Brand to Marvin

The strategy freshens the company’s image, brings Integrity Windows and Doors under the Marvin brand, and prepares the family business for future growth.

Artist and Curator Sanjit Sethi Named MCAD President

Minneapolis College of Art and Design’s Board of Trustees lauded Sethi for his global perspective and commitment to diversity.

TechdotMN Acquired by SureSwift Capital

Financial terms of the deal were not disclosed, but the all-cash transaction went into effect today.

Thor Construction Will Shut Down Following Multiple Lawsuits

Just one year after completing a $36 million office building in North Minneapolis, the largest minority-owned construction company ran into irrevocable financial woes.

Scooters Are Back in St. Paul, After All

After a successful pilot program last year, Lime electric scooters arrived in St. Paul this morning, greeted by new stipulations. Fellow operators Bird and Spin are expected to follow.

3M Cutting 2,000 Jobs After Sales Drop

The Maplewood manufacturing company announces a restructuring after a disappointing first quarter.

Minnesota Tallies 137,000 Job Vacancies in Q4 2018, Up 20 Percent From 2017

The job vacancy rate also increased, to 4.9 openings for every 100 jobs. Health care and social assistance had the most vacancies of any industry.

Entrepreneur of the Year Heartland Finalists Announced, Minnesota Continues to Dominate

Minnesota holds 21 of the 29 spots in the seven-state Ernst & Young regional competition.

Ryan Companies Taps Mill City Capital Co-Founder Lisa Kro as New Chief Financial Officer

Succeeding Brian Murray, who was promoted to CEO of the construction firm last year, Kro will oversee the financial health, risk management and other related elements of the approximately $2 billion company.

11 Minnesota Businesses Honored By the Small Business Administration

The SBA names Maud Borup owner Christine Lantinen Minnesota Small Business Person of the Year. Lantinen and other Minnesota award winners will be honored in early May.

Social Entrepreneurism Drives Next Class of Startups

Minneapolis-based social impact accelerator Finnovation Lab is blown away by the strong demand for its programs. Applications are now being accepted for the lab’s second fellowship program.

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