A new Met Council report tallies $2.5 billion in investments near the light-rail line, but the number is far from an exact science.
Business + Economy
Founded by local businessman Jeff Mack, Cachet Financial Solutions significantly narrowed its net loss in its most recent quarter and increased revenue, and is now planning a stock offering.
The Minneapolis-based construction company is planning to build a new 80,000-square-foot headquarters near its current downtown headquarters this fall.
Advantus Capital Management is adding about $300 million in assets to the $29 billion it already manages.
The company said planned improvements to its existing Bayport facility will bring jobs that pay an average of $19 an hour, plus benefits.
The massive aerospace, defense, and sporting goods company—which has four facilities in Minnesota—announced that it’s dividing itself into two separate companies.
Axis Clinicals' plant will employ 100 workers at a former Wal-Mart site in Dilworth.
FineLine Prototyping will retain its current facility in Raleigh, North Carolina, and Proto Labs will keep on the acquired firm’s leaders.
The city has commissioned an ad campaign to convince people that it isn’t all crime and apartments.
The Minneapolis-St. Paul region is among a half-dozen U.S. metros tapped for the Global Cities Initiative.
Segetis, Inc., will pay for about 70 percent of its new Iron Range plant and will receive $21.2 million in support from the Iron Range Resources & Rehabilitation Board.
With claims of more than 100,000 spectators and a $15 million economic impact, where did all the money flow?
In May, Minnesota will become the 24th state to house a Rita’s Italian Ice when two local franchisees open a new store.
Professional and business services, as well as the construction industry, contributed largely to March’s gains; the leisure and hospitality sector, along with retail, struggled during the month.
In the largest transaction in either company’s histories, Post, known for its huge cereal business, is acquiring Michael Foods, a large Minnesota-based maker of packaged food products.
U.S. Bank has entered an agreement to purchase Ally Bank’s document custodian business.
The Hennepin County Medical Center plans to build a 322,000-square-foot medical center across the street from its current emergency department in downtown Minneapolis.
ViaWest, which manages 27 data centers in six states, announced the recent opening of its first Minnesota facility.