Sam Schaust first joined Twin Cities Business in January 2015 as an editorial intern. He is now the Online and E-Newsletter Editor, a role in which he manages TCB's website, covers breaking news, updates social media channels and oversees the twice-weekly e-newsletter, Briefcase. Sam is a graduate of the University of Minnesota where he gained experience by writing at two campus publications: the Murphy News Service and The Wake magazine.
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Timberwolves’ bank shot into competitive gaming is turning costly. Will it rebound?
Minneapolis novelty goods maker 30 Watt is putting the "fun" back into funny.
Breaking down Minnesota's path(s) toward legal recreational use of pot.
The last time St. Paul hosted the human-powered aircrafts competition was in 2010, when a team set the world record for furthest distance traveled.
The Bush Fellows will receive up to $100,000 over the next year or two to improve their business acumen, professional leadership skills, or tackle opportunities to rejuvenate their community.
Med-tech entrepreneur turns his talents to watercraft.
Multiplexes and standalone movie theaters in Minnesota find the streaming era has been largely positive for business.
The deceased parents of Jayme Closs were both longtime employees of Jennie-O Turkey Store, a subsidiary of Hormel Foods.
The attorney and Walker native was originally elected to the board of Fairview, the largest health system in Minnesota, back in 2013.
Startups with a digital health and wellness solutions focus are encouraged to apply.
Butcher replaces Sarah Spiegel, who stepped down from the Brooklyn Center-based coffee chain after less than a year and a half on the job.
“This is really tailored for Minnesota lakes,” says Root of the Elux Marine pontoon. “It’s designed for a three-hour sun cruise, not to be a boat you take down a river or across the ocean.”
The Minneapolis-based company has been moving from selling IT infrastructure products to application security products. The move prompted the need to increase its IT-security expertise.
Hype over the former Minnesota Vikings player’s return to the state, this time in slick curling shoes and with a broom, pushed fans of both sports to pour into the Four Seasons Curling Club and connected restaurant, Sticks and Stones.
The Rochester clinic and its spinoffs are focused on underwear with medical applications.
Local tech entrepreneur and company CEO Clay Collins plans to use the new capital to expand the field of data from cryptocurrency exchanges that Nomics collects, as well as hire up to three new employees in the next year.
Each company is claiming rights to their own sweater: Ragstock will sell the seasonal red sweater, while First Avenue will sell a black version.
Two sharks jumped on Prank-O’s pitch, but only one landed a deal. (Hint: The chosen shark also owns the Dallas Mavericks.)
The Eagan-based pharmacy benefit manager hopes to have a successor picked before DuCharme’s exit in March 2019.
The venture capitalist has a grand vision of retail’s future, and Target or Best Buy likely won’t be in it.
The largest of businesses in the city will have until mid-2022 to comply, while “micro” companies will have an extra five years.
As thanks, the Mayo Clinic is changing its School of Medicine to feature Alix’s name.
The St. Louis Park-based company’s products treat mitral valve regurgitation, a common heart malfunction experienced by Americans.
Nike gave special preference to the royal purple kit it designed through a partnership with the Prince estate. More Prince-themed Nike gear could become available, and new Prince music may even make its way to Target Center.
New York-based WISE Ventures will be targeting early and growth stage startups. So far it has invested in at least nine companies, including one from Minneapolis.
The renowned filmmaker has reportedly been working on the multiple-part Prince documentary for several months. The project is being supported by the Prince estate.
Departing employees will be provided severance and outplacement assistance, a spokesperson with the Minneapolis-based bank said.
Both companies monitor head impacts using a similar approach: by having athletes outfitted with a device capable of sharing the data from every hit or tackle.
Florida-based insurance firm Brown & Brown is set to acquire the Minneapolis-based company for a mix of cash and stock.
Former Medtronic CEO Bill George, Medical Alley Association Shaye Mandle, and David Rhees, the retired director of The Bakken Museum, offer up their thoughts on Earl Bakken.
At the age of 94, Columbia Heights native Earl Bakken passed away on Sunday. Many on Monday are remembering him for his positive (and oftentimes life-saving) contributions.
About a quarter of the products being sold on the Amazon Handmade digital pop-up shop come from Minnesota businesses.
The Minneapolis-based medtech startup’s lifetime financing now tops $30 million.
Minnesota native and Olympic champion Jessie Diggins played a pivotal role in securing the hosting rights. She spoke with TCB about bringing the skiing event home for the first time.
Building a loyal customer base will be key.
If the transaction is approved, Sonic will join Inspire Brand’s portfolio of more than 4,700 Arby’s, Buffalo Wild Wings, and Rusty Taco locations worldwide.
Each of the startups (aside from the Youth division winner) is guaranteed to take home at least $30,000.
Despite the loss of 200 jobs in August, Minnesota’s seasonally adjusted unemployment rate ticked down further to 2.9 percent.
The Gonda Building was in dire need of space to accommodate growing patient traffic to its hometown campus, Mayo Clinic medical professionals said.
The investment from the Timberwolves and Lynx organization will allow for a total makeover of its premium Club TI area, as well as concession upgrades for fans in the upper ring of the sports complex.
The golf-centric facility will open this September, but an official open date won’t be revealed until next week.
The new capital will allow the Brooklyn Park heart therapies maker to hire up to ten new workers, expand into a larger headquarters, and fund new rounds of further testing of its AltaValve device.
Including how many animals were born at the CHS Miracle at Birth Center and total attendance from this year’s Grandstand performances.
The deal is a first for the Minneapolis-based bank this year, and also the first acquisition it has made with CEO Andy Cecere in charge.
While the short answer is no, the reason why is more complicated and dependent on a vehicle or appliance seller's interest in letting the Minnesota State Fair’s organizers take a cut of the sale.
More than two-thirds of the finalists this year were led by women, minorities or veterans.
Casey’s addition to Minneapolis-based Xcel Energy’s board was made effective immediately.
The health care institution also placed first on the state-specific “Best Hospital” lists in Minnesota, Arizona and Florida.
Dr. Farrugia will officially take over as the head of Mayo Clinic at the start of next year. Current president and CEO Dr. John Noseworthy, in the meantime, will be preparing him for the role.
The Minneapolis-based medical cannabis company plans to wrap its Series D round in the coming weeks.
The move also gives Atomic Data’s sister company Foundation Technologies the opportunity to relocate to the North Loop and double its headcount.
The dream of ground-floor retail can’t always be realized.
Chinese conglomerate HNA Group Co. closed the sale for the Minneapolis-based hotel group in late 2016 and is back out looking for an owner, according to Bloomberg.
It's not business or pleasure...it's both.
The deal will double Old National’s presense in Minnesota, a market it entered less than a year ago after having purchased local community bank Anchor Bank.
The final list of 27 new foods available at the 2018 Great Minnesota Get-Together actually began as a list of more than 70 submissions.
Flipgrid, a social education startup once known as Vidku, let’s pre-kindergarten to Ph.D.-level educators teach students through the use of bite-size video clips compiled into lesson plans.
Minneapolis-based PedalPub LLC, which is the authorized distributor for the party bike concept in the U.S., Canada, Mexico and the Caribbean, wants to open several new locations this year.
St. Paul police had nearly twice the number of forfeiture incidents than the Minneapolis police force reported.
The possible deal sent Boston Scientific’s shares up about 7.5 percent and Stryker’s down by more than 5 percent.
The movie star frequented sauna events held by local sauna business founders John Pederson and Rod Buhrsmith.
The long-time curator and director is leaving after having joined the museum 40 years ago.
The broadcasting company reduced its debt by more than $1 billion.
The St. Paul-based spinoff expects to make several acquisitions in its first year as an independent company.
The countertop maker Cambria commissioned
a film-length mythical origin story. Why?
But the retailer’s refusal to increase its outlook for the year disappointed investors and sent shares tumbling by more than 7 percent.
Investors sent the retailer’s shares down about 5 percent on Wednesday.
Richard Branson-owned Virgin Pulse and Minneapolis-based RedBrick together serve over 3,300 public companies, universities and many businesses within the Fortune Global 500.
The supermarket chain plans to make Minnesota a Wahlburgers hotspot with a number of its planned 26 locations set to open in the state by the end of 2021.
Nineteen companies from the North Star State now populate the annual list ranking businesses by revenue.
One expert suggests tax from sports betting in the state won’t trump what the lottery brings in, but this could change over time.
The nonprofit’s board has already launched a search committee to find Caruso’s replacement.
The Chanhassen company, best known for its chain of gyms, is opening co-working spaces while also developing large-scale luxury apartment complexes.
Shares of the Maple Grove sleep apnea device maker were up more than 50 percent on its opening day.
Current CFO and CIO Brian Murray will succeed Pat Ryan, effectively ending a run dating back to 1938 of Ryan family members leading the construction firm as CEO.
Wozniak discussed some of the process toward separating nVent from Pentair, as well as the immediate market potential she sees for the company now that it is an independent business.
The city’s latest commitment also stresses bringing underserved communities into the fold, pursuing environmental improvements despite actions elsewhere in government.
Some industry analysts believe the decreased forecast is a ploy to set incoming 3M CEO Michael Roman up for a positive first year.
The Bloomington-based company is hoping to raise $420 million from investors, on top of a planned $100 million share purchase from two private equity firms.
Stand Up! Records is sticking to comedy on vinyl, despite the challenges.
The medical device giant expects the deal could one day be huge, entering it into a market valued between $500 million and $2 billion.
The sleep apnea device maker is the sixth company out of Minnesota this year to register for an initial public offering.
The company’s move will consolidate its operations under one roof, while creating the need for 85 more workers within the next two years.
Securus makes an advanced thermal monitoring system that can display the temperature of the esophagus during cardiac ablation procedures.
The respiratory device company informed Minnesota state officials of the decision, as legally required by the WARN Act.
The company will be improving its compliance program as a result and recalling another 107,000 of its Ranger off-road vehicles.
The Bloomington-based human resources software provider will be going public for the second time in the company’s 61-year history.
Companies and individuals were chosen based on their community involvement and strides in starting or helping small businesses.
With it, the state stands to receive another major economic impact from the event, which a year and a half ago was said to be around $135 million.
Hopes of turning the weekend prior to the big game into a major visitor magnet were not realized.
At the same time the deal closes this quarter, NxThera’s technology will be used to launch a new company owned by Boston Scientific and other investors.
The San Francisco-based bank is looking to have a more than 300,000-square-foot addition constructed to its existing parking lot to accommodate the new workers.
L.T. Rich is known for its line of Z-Spray and Z-Plug brand of spreaders, sprayers and aerators.
The purchase is Marco’s 11th in the last two years.
The new facility will house its fast-growing CNC machining operations.
Up to 150 jobs in the regional nonprofit’s sales, technology and administrative services departments will be created in the process.
The community bank’s shares finished at $12.85 Thursday after two days of public trading.
He will replace Larry Renfro, who is moving on to a different role at Optum, on July 1 of this year.
Two investors who collectively own 60 percent of Cogentix Medical have already approved the deal's terms.
Local employers added 2,500 jobs in January, which didn't help much to boost Minnesota's job growth rate of 0.7 percent-currently less than half the national average of 1.5 percent.
The publicly traded Inovalon will be its new owner.
The biopharmaceutical company plans to use the money to fund a new round of human trial testing.
After more than six years as CEO of the company behind Post-It Notes and Scotch Tape, Thulin will move on to a new position on 3M's board.
However, customer traffic ticked up across its 1,800-plus locations, while its online sales grew by roughly $500 million during the three-month period.
Nineteen of the 28 locations are SuperTargets, which are expected to costs twice as much to upgrade.
The electronics company's same-store sales jumped 9 percent during the holiday period, an incredible feat for any retailer in today's retail climate.
The deal, which largely involves Surmodics' SurVeil drug-coated balloon, would give Abbott worldwide commercialization rights once the device receives FDA approval.
Fourteen jobs will be created by the Canadian company's expansion into the state.
Adogo's John Sturgess hopes to backstop struggling small businesses.
The company is currently developing a drug for market approval that treats lower back pain.
The Minneapolis startup provides free and convenient transportation for low-income, uninsured and vulnerable patients.
The exclusive hoodie will find its way to 1,400 Target stores in late February.
The health care organization plans to have a successor picked by early fall.
The Minneapolis-based bank will have two years to pay off the fines and install improved controls to prevent money laundering through its banking system.
Governor Mark Dayton, who attended the groundbreaking ceremony, also made the plea to the State Legislature to "make significant, needed investments in the maintenance and repair of our higher education institutions throughout Minnesota."
The investment comes as golf course maintenance spending has steadily grown nationwide.
The urology and gynecology device maker also reported preliminary fourth quarter results that suggest double-digit sales growth year-over-year.
The state's Department of Employment and Economic Development has offered the company a grant that, if it meets its investment and hiring goals, will cover nearly half of the expansion's costs.
The flower and gardening company will restructure its leadership organization leading up to Dale Bachman's retirement as CEO.
Inspire CEO Paul Brown said the company was considering new purchase opportunities of chains with sales between $1 billion and $4.5 billion.
The room rental company is helping fill a gap between the Twin Cities' available hotel accommodations and the number of Super Bowl visitors.
For the next five years, rookie players will also have the option to receive a free Sleep Number 360 Smart Bed when they join the league.
Officials originally planned to break ground on the Sanford Family Sports and Wellness Complex later this year, but construction now may not start until 2019.
Pavers from the old sidewalks are now on the market.
The St. Charles-based company expects to have two additional manufacturing plants operating by the end of 2019.
The Minneapolis artist created annual holiday exhibits and flower shows that became a fixture of the Nicollet Mall during the 1960s, 70s and 80s.
Fourth quarter sales jumped 9 percent year-over-year, the Maplewood-based maker of Scotch tape and Post-It Notes said, while its earnings significantly dropped.
DJO Global subsidiary Empi, which closed down in 2015, had allegedly used “assumptive selling” tactics to overbill a health care program for military members and their families.
The insurer expects its earnings and cash flow will jump by $1.7 billion in 2018 as a result of the recently-passed federal tax reform.
The foundation said it would also donate the same amount and more to 37 organizations, many of which are from Minnesota.
Todd Berg, who led local medical device company Torax Medical to a sale last year, is taking over as CEO of Metavention.
Zyga’s flagship product is used to treat chronic pain within the lower spine.
A spokeswoman for the fitness center chain said the decision came from requests from its members who were tired of seeing “consistently negative or politically-charged content.”
Terms of the deal were not disclosed, but Ecolab did admit Cascade had sales last year of approximately $35 million.
The purchase, once finalized, will make Cargill the only supplier of both animal feed and pet food in the nation’s agricultural retail market.
Cargill and Ecolab will be partners in the program, which is targeted at food safety and security startups.
A local entrepreneur’s new racing series is igniting interest among motorheads across the nation.
Apollo Global Management, which has never owned an airline in its nearly three decades of operation, will be acquiring Sun Country for an undisclosed sum.
If the bill were passed with its current language, medtech companies—many of which call Minnesota home—will avoid the 2.3 excise tax until 2023.
The celebrity chef hopes the food hall—with its food business incubator and “curated entertainment and activations”—will be a unique draw on the Nicollet Mall.
The deal remains contingent on Entellus shareholder approval, as well as regulatory approval.
The study’s lead researcher, Michael McAlpine, said the discovery could be a “game-changer” and lead to fewer medical errors during surgery.
Abraham will replace Andrew Duff, who joined the investment bank 37 years ago and has been its CEO since the start of the millennium.
The food company is one of the largest private businesses in the country and could fetch a deal upwards of $2.5 billion, according to people close to the situation.
Edina, St. Louis Park and Bloomington passed similar ordinances earlier this year.
Sally Smith, CEO of the chicken wing chain, and Wendy’s both stand to be compensated significantly from the deal.
Several hurricanes and wildfires in California battered the medical device company’s operations throughout September and October.
The grants are given out every two years as they are approved by the state legislature.
Individuals, as well as companies small (StemoniX, OneOme) and large (SelectComfort), were honored at the 18th annual event held by the Minnesota High Tech Association (MHTA).
However, state employers cut 4,500 jobs during the month.
In most cases, costs for at-home care or care at an assisted living facility surpassed and continued to rise faster than what the U.S. as a whole is experiencing, according to a recent report.
In the last five years, the state department has reached settlements with 13 life insurance companies for failing to pay beneficiaries from Minnesota.
The effort, said to cost $520,000, will be supported by the state’s Job Creation Fund.
Atlanta-based private-equity firm Roark Capital Group is said to have offered over $150 a share for the local restaurant chain.
The e-commerce company has already passed its prior year’s revenue ($1.84 billion) with a month and a half still left in the year.
The company is awaiting clearance to conduct human trials from the FDA. Once approved, MicroOptix will receive additional funds from an institutional source.
The Intellis platform is now available to hospitals and health care practitioners in the U.S. and Europe.
The affected locations, including ones in Hastings and Fergus Falls, will officially shut down in February.
Perbix and its 150-member team will remain in Minnesota. Meanwhile, the automaker said it would be “expanding [its] presence and recruiting efforts in the Twin Cities area.”
With Boudreaux at its helm, Anthem will become the second-largest company run by a woman in the U.S.
Earlier this year, Homeister had been picked as an EY Entrepreneur of the Year for his turnaround work at the Plymouth-based retailer.
The state said it would support the manufacturing company’s $17.6 million project with a $354,000 grant.
This is the medtech company’s eighth fundraising round since 2010.
The $5.7 billion deal is expected to close early next year pending shareholder approval.
This was also Sally Smith’s last full quarter as CEO. A search for her replacement has been underway since the summertime when she announced her retirement.
The company hopes several recent acquisitions will deliver.
Following the purchase, Meridian became the state’s largest behavioral health service provider based on staff and network size.
Walchirk will officially take over the leadership role on November 20.
The medtech company’s new name is borrowed from a company it purchased earlier in the month.
Early repots suggest renters could see an increase of roughly $8,700 over a 10-year span to their housing bill if Amazon brings its new headquarters to Minnesota.
The state’s unemployment rate ticked down to 3.7 percent, a 0.1 percent improvement over the prior month.
Baker earned the recognition for his work growing Ecolab and the state’s economy.
Prior to its October fundraising round, EnteroMedics had raised over $91 million in seven rounds.
Pending sales were down for the third consecutive month in the 13-county metro area, according to the Minneapolis Area Association of Realtors.
Entirely unique to Competitive Edge Hockey’s facility is the Crossover Flywheel, a giant spinning disc designed to build strength and acceleration in skaters.
Some employees could transition into full-time roles after the holidays, Amazon said.
The unit made up roughly 2 percent of Ecolab’s overall business.
Meanwhile, a spokesman for the medical device maker said its operations in northern California appear to be standing yet inaccessible as wildfires rage on.
Traynor takes over the top leadership role permanently after six months as UCare’s interim leader.
“Bite Squad customers across all our markets will experience a better, faster, and more consistent service at a lower cost,” said Bite Squad’s CEO in regards to the multiple acquisitions.
The spinoffs, which will create two new, independent organizations outside of Honeywell, are expected to be complete by the end of 2018.
In the Twin Cities area, there is now less than one unemployed person for every job vacancy (0.8). While in Greater Minnesota, the ratio is 1.1 unemployed people for each job vacancy.
Blomberg earned both her Bachelor’s and Master’s degrees from the University of Minnesota.
Fifty Target locations in the Twin Cities area will be taking part in the program’s launch.
The Japanese electronic components maker will pay for Vios with a mix of stock and cash.
The former chief executive of Vascular Solutions beat federal charges
of off-label use. Now he discusses his next move, and why government
oversight is hampering the medical device industry.
Welcome to the country club of car storage.
Current president and CEO of Hormel Jim Snee will assume the role atop the company’s board.
The new facility will largely be used to develop new agricultural products for Land O’Lakes’ crop inputs subsidiary WinField United.
St. Cloud’s city administrator called the city council’s current version of the ordinance a “hybrid” of its existing law and of what had been enacted in Edina.
In its suit, Post claimed General Mills developed a bagged cereal design and merchandising system that closely mirrored the one it created a year previous.
The Leadpages co-founder’s next project is Nomics, which aims to be the “Yahoo Finance for cryptocurrencies” like Bitcoin.
The retailer will increase its minimum wage to $11 next month.
The American-style restaurant chain plans to further incorporate its unique beer offerings with its scratch kitchen to reinvent its menu.
By mid-October, the retailer’s quick delivery service will reach 11 total markets, or roughly one-fifth of the U.S. population.
The Wayzata-based company already operates biodiesel plants in the nearby states of Iowa and Missouri.
CSI shares hit a six-month low after it warned Harvey and Irma will have a negative impact on quarterly sales guidance.
The biotechnology company officially kicked off its IPO on Wednesday.
Instead of prescribing an opioid-based treatment plan, the Intellis system offers doctors a non-opioid approach to treating chronic back pain.
Nevertheless, homes in the region are still selling at a record median price.
From TV broadcast plugs to in-ballpark promotions, Gander Outdoors and The House will soon be featured on all things Major League Baseball.
The long-time president of the Timberwolves and Lynx organization will officially make the transition to Minnesota United on October 6.
The Revenue Department will have less than three weeks to respond to the technology company.
The increase in the state’s unemployment rate was partially attributed to an overestimation of the state’s job growth in July.
The deal, according to an analyst at Leerink, would cost the Minnetonka-based insurer roughly $2.8 billion if completed.
The startup’s personalized medicine test offers a unique potential in Asia, where people take similar medications to Americans and Europeans but don’t share the same genetic makeup.
Raised Real, currently offered in five West Coast states, plans to use the new capital to expand its service nationwide.
Peaceable Kingdom was founded in 1983 by the family of Clement Hurd, illustrator of the popular children’s book “Good Night Moon”.
Amazon promises to bring billions in construction and as many as 50,000 jobs to a region that can promise a big incentive package.
Olson takes over from retiring chairman and former CEO Michael Hoffman.
The Plymouth-based company was testing a product used to treat dysfunctions in the Eustachian tube in the nose.
If fundraising efforts (and an animal testing round) are successful, the founder of St. Jude Medical and Guidant said his latest startup will move forward to testing its artificial blood vessel on humans.
Paul Marvin took the helm of the long-time family window and doors business in late August.
The two companies combined would have nearly $3 billion in annual revenue, making it one of the largest specialty adhesives makers on the globe.
An offbeat marketing tactic by local health care players is no more.
About a quarter of the state’s motels, B&Bs, campgrounds and hotels are confident business will improve in the fall, while roughly just as many expect the opposite.
The restaurant chain wants to bring on servers, hosts, cooks and even staff to solely finish desserts and make espresso.
With this deal, the medtech giant’s total investment in Mazor could potentially grow to $125 million.
The California startup has raised over $100 million from investors since its 2006 founding.
The merger is expected to close later this year or early next.
Yet shares of the electronics retailer fell by 11 percent after CEO Hubert Joly told analysts its same-store sales growth wouldn’t be the “new normal.”
The biotechnology company was founded last October.
Harteau says she is moving on to be a full-time speaker and consultant for organizations in and outside of the U.S.
The makers of Astropad, which won the 2015 Minnesota Cup competition, found immediate success upon creating their first Kickstarter campaign.
“Fitness and healthy living are a key part of my music and life,” said McGraw, who, at 49, is known for promoting healthy habits and working out regularly.
Three of its new board members served on the board of HealthEast, which Fairview merged with earlier this year.
The medical device maker beat Wall Street’s earnings estimate, but came up short on revenue.
The amusement park is gearing up for its annual ValleyScare event, which runs from mid-September to end of October period.
Jeff Jones served as a Target executive for four years before leaving to be president of ride sharing at Uber.
The biotechnology company makes implants used to support the spine.
For more than a decade, the nonprofit has held events to connect professionals in the local technology industry.
The Austin-based meats maker said it hopes to leverage Fontanini’s production facility, using it to produce its own products as well.
The plan, laid out by new CEO Jude Bricker, sees Sun Country adopting a business similar to that of Spirit and Allegiant.
The state’s unemployment rate did not change, holding steady at 3.7 percent.
The Minneapolis-based fraternal insurance and heritage organization has been at the site since 1962.
The deal will take effect by the end of the year, the companies said in a joint release.
The lawsuit, filed three years ago, revolves around how shareholders were affected by Medtronic’s $50 billion purchase of Covidien in 2014.
David Wichmann, who is the current president of UnitedHealth and one of the first people hired by Hemsley, was named as Hemsley’s successor.
The sleep apnea device maker was the only private company from the state to rank within the top 100 on the Inc. 5000 list for 2017.
All the while, sales were down for the month, which local realtors attributed to a lack of homes on the market.
The next-day delivery service premiered in the Denver and Dallas-Forth Worth areas on Tuesday.
Schwan’s Company is making an undisclosed capital investment in its Marshall-based neighbor, while also agreeing to lease one of its facilities.
After working with Grand Junction on a same-day delivery pilot for one of its New York stores, the discount retailer announced it would buy the company.
Amy Hood has been with the technology giant since 2002 and its chief financial officer since July 2013.
Sanger served as the chairman and CEO of General Mills for more than a decade.
Items seized from the outdoor products retailer will be put up for sale later this month.
Abbott Northwestern earned the top spot among the hospitals in the Twin Cities area.
The local startup, which won the 2013 Minnesota Cup, makes a minimally invasive device used to treat children with serious ear infections and other conditions.
To an audience of South Dakota residents, Kashkari said, “Do we want economic growth, or not?”
If approved by the Edina City Council, the new restaurant would employ about 45 people, Shack Shack said in its proposal.
Sales were down 66 percent and the medical device maker’s net loss grew by 37 percent during the April to June period.
The plant was expected to cost $27 million.
The food co-op’s earnings took a fall during the three-month period, dipping by about 16 percent to $113 million from $134 million a year ago.
The Illinois-based company produces packaged meals, trail mixes, dressings, crackers, baked goods and many other items.
A sneak peek into which companies were sued for discriminating, retaliating or harassing employees was revealed in July.
Grant will enable new research network aimed at boosting ag sustainability.
The medical device maker dodged going red, unlike last quarter or the same period last year, as its PrimeSight system continued to drive revenue growth.
The venture capital firm has funded a number of successful, Minnesota-based startups such as BiteSquad, Gravie and the 2016 MN Cup winner Stemonix.
The local railing and commercial systems manufacturer’s products are used across the country, including at Target Field and in U.S. Bank Stadium.
The acquisition will complement Lemonis’s recent purchase of brick-and-mortar chain Gander Mountain.
Was the all-you-can-stand pass a home run?
Profit fell 63 percent for the restaurant chain during its second quarter.
Collins felt his startup would have a better chance to grow if handled by his “friend and mentor.”
The private company is expected to bring in $800,000 in additional revenue, Cogentix said, and more than $2 million in incremental revenue next year.
As part of the agreement, the company receiving OneOme’s RightMed test will conduct a study to determine its effectiveness in a community pharmacy setting.
Executives at the industrial supplies manufacturer were also questioned about historically unusual pricing changes 3M made during the April through June period.
Better Baked Foods and Drayton Foods will join Schwan's growing pizza portfolio.
Insurance giant Allianz acquired the naming rights of the new stadium, which will be called Allianz Field.
The funds will be used to facilitate a pivotal study of its device’s effectiveness in treating women who suffer from the condition.
The state surpassed the employment benchmark in June when it added 4,400 jobs.
The gas station and convenience store chain expects over 1,000 jobs will be created from the purchase.
To date, the health benefit services provider has raised over $44 million since its 2013 founding.
The ordinance was passed unanimously during a meeting Monday evening.
Additionally, more homes were sold in the metro area last June than any other month on record.
All but one of the insurer’s businesses reported revenue gains for the April to June period.
With its IPO this week, the gene-editing company becomes the third Minnesota-based business to go public in the last year.
Better-than-expected traffic and sales pushed the company to raise its guidance for the upcoming quarter.
The food company gave a four-point plan for improving its sales, which have dropped by $2 billion over its last two fiscal years.
Medical device makers big and small may soon be required to report device malfunctions just four times a year instead of within 30 days of an incident.
Growth in all three of the medtech firm’s business segments has pushed it to expand its operations and staff size.
Sarah Spiegel took over the top position earlier this month.
Bricker replaces Zarir Erani, who was recently ousted by the local carrier’s chairman.
The local gas station chain, according to estimates, may have sold for nearly $2 billion.
The Plymouth medtech company also increased its revenue forecast for its 2017 sales year.
Meanwhile, Brandon Sawalich, the new president of the hearing aid maker, is at the center of a lawsuit with Starkey’s former president.
The Davis family, which owns Sun Country, has asked Zarir Erani to instead work on technology projects at its other businesses, such as Cambria.
Michael Tobak pled guilty to using assets from the business to cover personal expenses and make multi-million dollar investments.
Neither side could agree on the other’s terms for a new contract before the July 5 deadline.
The tiny pacemaker was still in working condition after experiencing the turbulence of a rocket launch and the intense pressure of leaving Earth’s atmosphere.
This slaughterhouse comes to you.
The former auto dealer owner has been in prison since 2010. His sentence is set to end in about one year’s time.
Cost cuts helped the company improve its profit outcome year-over-year, while its sales continued to fall for the eighth quarter in a row.
After raising $35 million in its most recent round, Glooko’s fundraising total has hit $71 million.
The vote to enact the ordinance will take place in July, about two months after Edina passed the same law.
The company, headquartered 30 miles north of Minneapolis, employed 225 people and purchased a majority of its boat building materials from local vendors.
The program is aimed directly at a similar service currently offered around the country by Amazon.
The device is intended to support the lower spine, an area where the Oakdale-based company as of yet did not have a product to offer.
The third-largest U.S. bank by asset-size is selling its commercial insurance arm as part of a reorganization effort following last year’s sales scandal.
The yogurt company, founded in France and operated by General Mills, is introducing an artisanal yogurt to the market.
Denise Daniels is suing the entertainment company for “an amount to be determined at trial.”
The CEO and the head of the company’s animal health business have both announced plans to leave in June.
The health care organization’s venture arm was joined by General Electric Ventures, DFJ and LifeForce Capital in a nearly $14 million round for Vineti.
The medical device company, along with its young project leader, will analyze how the high radiation and low temperatures affect the Micra pacemaker.
The move puts him one step closer to the CEO role. Current 3M CEO Inge Thulin praised Roman for his work leading the company’s largest business group, industrial, which takes in $10 billion annually.
The three-year deal will not only impact the players’ jerseys, but also the concession stands.
The restaurant chain announced it is looking to sell off 83 specific corporate-owned locations.
Tru Shrimp Company recently raised more than $15 million in its effort to create a large-scale “harbor” to raise shrimp.
The outdoor products retailer is looking to sell hundreds of millions of dollars of merchandise.
This was despite the elimination of 7,200 jobs across the state.
The facility, which treats patients deemed by the court as mentally ill and dangerous, is able to fund its recent efforts thanks to legislative support.
Fifty companies in the S&P 500 are keeping nearly $1 trillion outside of the country.
B-Dubs Express will premiere later this summer in Hopkins and Edina.
By combining with its rival, the Eden Prairie-based company’s portfolio size and customer count will more than double.
Parent company KKR looked internally in its hiring of Derick Prelle.
Vice president of the health care organization said it was “no longer feasible” to have certain inpatient services offered in both cities.
The drive clutch in some of the company’s snowmobiles was found to fracture, posing an impact hazard.
With the sale of St. Jude Medical, it seemed likely that the state would have one fewer company among the list of top revenue makers in the U.S.
The facility will also operate as a research center for improving workout routines for people with spinal cord injuries.
It was the neurosurgical technology company’s second-largest equity financing round ever.
Kevin McIntosh, president of Summit Medical, the company with licensing rights to the device, called it a “disruptive technology that is redefining the industry.”
It will take about a year and a half before the new office opens.
During a shareholder meeting, the long-time executive said she would retire before the end of 2017.
The only other company with a larger frozen pizza business in the U.S. is Nestlé, which owns brands such as DiGiorno and Tombstone.
California, despite its high cost of living, took the top spot on the Nurse.org list.
The new capital will go toward a pivotal clinical trial and commercialization efforts in Europe and Australia.
The partnership is starting off with a five-year collaboration agreement with the option to renew for another five years of working together.
Money is no object in a journey to restore the historic saloon.
The mobile department at hundreds of Best Buy stores will get a makeover this summer.
The food company is looking to mentor dairy entrepreneurs on the inner workings of the industry.
However, some analysts were concerned about the medical device company’s earnings expectations for its next fiscal year.
Many hotels and resorts around the state are confident they’ll see rising revenue this summer.
Shares of the electronics retailer had never topped $60, until today.
The new facility will replace an existing plant, part of which will be torn down in early 2019 when the new plant is built.
The medtech company paid for BarioSurg and its Gastric Vest System through a mix of stock and $2 million in cash.
He succeeds Carl Casale, who led the company through record sales and earnings growth.
Terms and conditions of the purchase were not made public.
The medical nonprofit had a 10 percent rise in staffing costs for the January through March period.
The personal aircraft maker is hoping to tap new markets for its innovative jet.
Yet, the unemployment rate remained steady at 3.8 percent.
The hospital has no current plans to develop anything on the land.
UnitedHealthcare gave $120 million to the startup insurer last year in hopes that it would survive.
The facility, which was first expected to open in early 2018, will now be completed later this year.
The last Minnesota company to go public was Tactile Systems Technology. In its IPO, the medical device maker reported net proceeds of $35.8 million.
Less than a year and a half ago, the company raised $25 million from investors.
Eyebobs slapped Snap with a trademark infringement suit late last year.
The heart devices will be the first on the market to offer such a feature.
The medtech company’s flagship product is used to treat extreme bone fractures.
Christopher Barry faces up to two-and-a-half years of imprisonment.
CEO Randall Hogan also announced he would step down from his position and take over as chairman of the electrical business group.
The Finnish company will have spent more than $35 million in the last two years on expansions of its U.S. headquarters.
For more than two decades, the clothing brand has operated online and through the mail but never in a traditional brick-and-mortar format.
Its sales grew by roughly $50 million year-over-year in the three-month period ending March 31.
The long-time employee of the food company will step into his new role on July 1.
The biotech company makes a diagnostic test that uses live tumor cells to determine personalized care plans for patients.
The city hopes the ordinance will curb tobacco usage among its younger residents and set an example for other cities to follow.
New owner Camping World intends to close upwards of 80 stores to maximize profitability.
The bioengineering company has a two-phase fundraising plan on its agenda, which it hopes will bring in about $50 million in new capital.
How a small town created new business activity from entrepreneurial competitions.
Every one of the company’s business units reported year-over-year sales growth.
Steven Babyak won $22.4 million in punitive damages and $2.7 million in general damages.
Altogether, the heart device company has attracted upwards of $100 million in its 18 years of business.
He added that the layoffs were “very unexpected.”
His exit marks the second major executive to leave the food company in several months.
The outdoor products retailer from Utah is said to be looking into the purchase of roughly 130 Gander Mountain locations.
Both its sales and earnings grew by about 4 percent over the year-ago period, beating Wall Street’s estimations.
The restaurant chain responded to criticism it has received from the investment firm Marcato saying it had offered up “no credible plan.”
Starkey’s former chief operating officer was indicted in early March.
All but two of the 31 business leaders chosen by EY were from the Land of 10,000 Lakes.
It’s the lowest rate in 11 months.
The biotech company also added three new board members as two departed.
More than half of its profits were attributable to Optum, its fast-growing health services business.
The buyer, Cardinal Health, will receive ownership of medical products used in “nearly every U.S. hospital.”
The famous bakery is set to open its first Midwest location this summer.
New stores and increased spending on outdoor tile projects contributed to the strong sales growth, the company said.
Brooklyn Park-based Mocon had $63 million in sales last year.
A local lawyer is looking for financial assistance in restoring an almost-demolished limestone saloon from the 1850s.
A conflict with Warner Music Group may mean Universal has limited access to the late artist’s unreleased recordings.
The pawnshop chain owes tens of millions of dollars to creditors, including local TV stations.
The company is planning an $11 million expansion and expects to have 70 employees working by the end of the year.
The paint manufacturer shopped away the business unit in a move to receive regulatory approval for its $11.3 billion merger with Sherwin-Williams.
Grant money will also be used to prevent certain infections, subsequently cutting the number of emergency room visits made to Minnesota hospitals.
Together, the companies’ stake within the wholesale grocery business combines to be nearly $12 billion.
The health care nonprofit will take over the remaining space in Mayo Clinic Square.
Leaders throughout the bank, including former CEO John Stumpf, will have millions in compensation taken back following the release of a report on the account scandal.
The meat market wants to introduce its products into grocery and convenience stores around the country.
The metal products manufacturer expects the $5.2 million relocation will create a demand for 15 additional employees.
If the deal closes, it would be a roughly $1 billion step up from what the business was expected to sell for.
McKesson and Medidata also took part in the funding round, which was announced last August.
Aside from earning Shonin approval for its Diamondback 360 device, the company also closed the sale of its headquarters, entered a loan agreement and had a shareholder lawsuit dismissed.
Industry trends have led many restaurant chains to consolidate. Last week, the owner of Burger King and Tim Hortons purchased Popeyes Louisiana Kitchen for $1 billion.
The property has seen a complete transformation since the start of the decade when it sold for $14 million.
The new company will leverage Walgreens’ and Prime’s combined size and allow for AllianceRx to negotiate for cheaper prescription drugs.
For years, the parent company of Minneapolis-based Sportradar US has provided sports statistics to international gambling operators. A change in U.S. law could result in a significant uptick in the data and security services it provides to national companies.
Ray Kroc/McDonald’s biopic is Twin Cities-centric.
The food industry has been in a consolidation phase over the past several years and some experts believe General Mills may be up for grabs.
The food company followed up its previous record-breaking earnings year with a new best ever.
The Mayo Clinic was the state’s top earning health institution, taking in nearly $10.8 million from medical device makers and others in the field.
Nevertheless, value of the retailer’s stock dropped 10 percent after its quarterly profits did match up to analyst expectations.
Both companies operate within the same industry but have little overlap, Tennant said. Together, their annual revenue exceeds $1 billion.
The company set its sights on digital retailer Amazon after its fourth quarter profits sank by nearly 43 percent year-over-year.
The pharmacy benefits manager opted to remain in Eagan and have a new facility constructed over moving its operations to a new city in the state.
Data compiled by the USDA found fewer farms in Minnesota last year, but the size of the average farm grew by one acre.
The medtech company reported mid-single digit sales growth in all four of its business groups.
To date, the Minneapolis-based watchmaking company has raised well over $330,000 from thousands of backers through Kickstarter.
New research suggests the state leans heavily on immigrants when it comes to growth of the workforce, overall population, and the economy.
Company shares fell as much as 7.5 percent.
The threat of a labor lockout and strike pushed both parties to agree on the addition of paid sick days and pay raises, but a limitation on health care assistance.
The hospital is looking to trim its budget after a loss of more than $20 million last year.
A rapid expansion phase and lack of customer interest is said to have pushed the outdoors retailer into financial trouble.
The retailer said it is taking a “best-practices approach to review [its] strategic options specific to positioning the company for long-term success.”
The purchase will allow Land O’Lakes to take a bigger bite out of the burgeoning natural and specialty cheese market, which had 2015 sales of $17.4 billion in the U.S.
The companies originally partnered in 2014 to commercialize a device used to treat osteoarthritis in dogs and horses.
Timothy Guthman allegedly took advantage of a state law that gave reimbursements to medical professionals for providing services to patients who suffered injuries from a car accident.
The insurance giant could face a penalty of more than $1 billion.
The number of unfilled jobs ticked up 1 percent, with three out of five of those openings in the Twin Cities metro.
The mayor of the Iron Range city said the two parties should “go their own ways” as it moves to evict the movie studio from its basement due to unmet payments.
Ryan Gilbertson’s attorney called the charges “unsupportable” and “meritless.”
The company will soon launch a subsidiary geared toward low-cost carbon fiber production.
The medtech company said the funds would be used for “general corporate purposes.”
Dental workers were some of the earliest adopters of 3D printing technology.
Its ready-to-go meals and yogurt products both recorded double-digit drops in sales.
The manufacturing company’s largest acquisition was in June 2015 when it paid $2.5 billion for a local maker of safety products.
The pet supplies retailer will now have the ability to better compete with Petco, PetSmart and Amazon, all of which offer online ordering and home delivery.
However, the Federal Reserve’s decision to raise interest rates could affect demand in the future.
The federal approvals came from Monday and Tuesday of this week.