In January 2019, South Dakota Gov. Dennis Daugaard made big news in Minnesota: Balaton, Minnesota-based Tru Shrimp Co. relocated its planned site to build an indoor shrimp farm from Luverne,
Staff’s archive
There’s a brand new commercial real estate development company in town, but it’s a little bigger than your average startup. The company already has more than 160 employees and a
The smallest businesses are still waiting to see signs of an economic recovery. A January survey from the Federal Reserve’s Ninth District, which includes Minnesota, found that smaller companies saw
Problem: patients who have lower back surgery are often at risk for getting hooked on addictive opioids after their procedure. Potential solution: Minneapolis-based SynerFuse Inc. is developing technology combining spinal
Bloomington-based Timberland Partners is launching its eighth multi-asset real estate fund – Timberland Partners Apartment Fund VIII – with a goal of raising $50 million. This follows its previous fund,
How heated up is IPO fever? Two Minnesota companies just went public back-to-back, a rarely seen phenomenon. Bloomington-based Agiliti Inc. went public Friday at $14 per share; Bloomington-based SkyWater Technology
Rochester-based LEAH Labs is another Minnesota biotechnology company, but the future patients for the company’s technology are dogs, not people. The company is working to develop a treatment for cancer
A new analysis of commercial real estate loans backed by multifamily properties found “areas of concern starting to appear in major U.S. markets.” That’s according to New York-based Trepp, which
Biotechnology startups seem to be everywhere in Minnesota. But Plymouth-based Celcuity Inc. has broken away from the pack and is suddenly very big on investors’ radar. On Thursday, April 8,
Minneapolis-based U.S. Bancorp saw its first quarter revenue drop by 5.2 percent to $5.47 billion. That was roughly on par with a 5 percent decline in interest income compared to
Minneapolis-based Bright Health Inc. didn’t have to look far for its latest acquisition. Bright Health just acquired Zipnosis Inc. Both companies are based in the North Loop area of downtown
Many white-collar workers have been working remotely, cooped up in home offices and connecting on Zoom meetings since the start of the pandemic shutdowns in March 2020. More than a
San Francisco-based Wells Fargo & Co. and Minneapolis-based nonprofit Project in Pride for Living (PPL) have inked a letter of intent to redevelop the heavily damaged bank site near the
The Minnesota Department of Employment and Economic Development (DEED) announced awarding Launch Minnesota Innovation Grants totaling $376,075 to 15 startup companies. The latest awards mean that the total $3.2 million
Florida-based Eclipse Advantage is closing its plant in Maple Grove, laying off 208 employees. According to a notice provided to the state of Minnesota, the shutdown is due to “unanticipated
Retail sales in the state of Minnesota were up in December, but lower than the average gain across the U.S. According to the U.S. Census Bureau, Minnesota retail sales were
The pandemic year of 2020 was one of the toughest ever for restaurants everywhere. So how exactly did Minnetonka-based BBQ Holdings Inc. – the company long known as Famous Dave’s
Minneapolis-based Bright Health Inc. is on a different planet than any other Minnesota startups. To date the company has raised more than $1.5 billion in financing. Now a report has
Minneapolis-based Charlie & Co. Design Ltd. is nowhere near the largest tenant in downtown Minneapolis. The firm, which focuses on designing single-family homes, has 10 employees. But by the end
The inventory of homes for sale is thin and interest rates remain historically low. That means Twin Cities home builders are very busy. Housing First Minnesota reported that builders pulled