Alan Arthur, who has led Minneapolis-based Aeon for more than three decades, is stepping down from his role as president and CEO of the affordable housing nonprofit. Aeon owns, manages,
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The potential sale of the Minnesota Timberwolves and Lynx hit a big bump in the road on Wednesday. New Jersey-based Orbit Sports LLC, which owns more than 17 percent of
Minnetonka-based Mitesco Inc. is pushing ahead with the expansion of its Good Clinic concept. The Good Clinic’s first location opened Feb. 1 in Northeast Minneapolis. It has now announced that
Eden Prairie-based home shopping channel iMedia Brands Inc. has long been written off as a company just scraping by along the margins. It has been the third-place player in its
Minnesota added 11,300 new jobs in April, the fourth straight month that the state has posted job gains. Data from the Minnesota Department of Employment and Economic Development (DEED) shows
In Hollywood and in business, the rumors are almost always true. Minneapolis-based Bright Health Inc. has filed paperwork with the U.S. Securities and Exchange Commission (SEC) that outlines the company’s
Bloomington-based Agiliti Inc., which just completed an IPO in late April, announced its first financial results as a public company on Tuesday. For the first quarter, its sales were up
Sun Country Airlines Holdings Inc., which has only been a public company for two months, has announced a secondary stock offering of 6 million shares. Sun Country won’t receive any
The market for single-family homes continues to be powered by rocket fuel. The median sales price for April hit $337,000 – a 10.5 percent jump compared to a year ago.
In the wake of new guidance last week from the Centers for Disease Control and Prevention (CDC) that said fully vaccinated people no longer need to wear masks in most
Golden Valley-based General Mills is looking to grow its business among four-legged consumers. The Fortune 500 company announced on Friday morning that it has a deal to pay $1.2 billion
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,
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
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
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