Target, Cargill, General Mills, and Medtronic will collectively provide $13 million to Minneapolis Public Schools over the next three years-money that will help the district cope with an expected state funding shortage of up to $27 million.

The theater company plans to keep its longstanding and current home at 2605 Hennepin Avenue in Uptown; its classes will continue to be offered from that location while the comedy revues and custom business offerings will be housed within the just-bought downtown building.

Rohit Agrawal is one of five high school students who received a scholarship from the 2011 NFIB Young Entrepreneur Award program, which is designed to reward and encourage entrepreneurial talents among high school students.

Although the state's unemployment insurance fund hit a record $772 million deficit last month, it will be reduced in the next few days by about $440 million that will be collected from employers.

The Minneapolis-based energy giant said that EnXco gave back its $101 million deposit following the termination of an agreement for a wind farm in North Dakota.