The massive aerospace, defense, and sporting goods company—which has four facilities in Minnesota—announced that it’s dividing itself into two separate companies.
Business + Economy
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.
After more than 90 years in business, Nelson’s Ice Cream is opening up a second location in St. Paul.
A 3M official said the technology may have the potential to have as broad of an impact as 3M’s Post-its.
8thBridge’s CEO said he plans to bring on more employees now that the company is part of San Francisco-based e-commerce firm Fluid.
HexFuel plans to have 150 employees at a new Hastings plant and might double that headcount within several years.
The 3D printing giant said it will purchase Solid Concepts, Inc., for up to $295 million but didn’t disclose Harvest Technologies’ purchase price.