Red Wing, which also recently launched a business incubator, is now hosting a contest aimed at attracting new restaurants to its downtown.
Business + Economy
Travel Leaders Group has added a new headquarters building in London as part of an expansion plan that involves organic growth and future acquisitions in Europe.
Nord, which also counts the Union Depot among its clients, relocated to an office space—which is more than three times the size of its previous headquarters—in the recently renovated transit building.
When accounting for February’s job losses, Minnesota has added a net 700 jobs in the past two months; that’s compared to 27,700 added during the last three months of 2013.
With existing assets totaling nearly $1.6 billion, KleinBank will be adding about $205 million more after acquiring Prior Lake State Bank.
Five companies are dipping into a newly approved fund that the state is using to encourage businesses to boost local job growth and investments.
Wells Fargo is banking on Minneapolis with a major investment in Downtown East.
Millions of dollars in grants are being awarded to state schools that will help train workers of Shutterfly, TRW Automotive, ConAgra Foods, the Benedictine Health System, and other companies looking to improve or grow their Minnesota workforces.
Minnesota added a net 600 jobs in January, although retail employment, which fared well in December, represented a major weak spot.
Texas-based Nexstar Broadcasting Group bought the local Web technology and news content company in a deal expected to close later this month.
Last month, Mayo announced a partnership with the Minnesota Timberwolves and Lynx in a basketball practice facility and sports medicine clinic inside the former Block E in downtown Minneapolis.
Minneapolis was ranked 118th on a list of the best and worst large cities for entrepreneurs to start a business, St. Paul ranked 136th.
The $97 million Target Center revamp is now open for bids from architectural and engineering firms looking to finalize the project’s design.
Hannon Security Services, Inc., was bought by California-based Universal Protection Service, one of the largest security companies in the country.
Governor Dayton’s proposal would cut certain middle class taxes, B2B taxes, local government and nonprofit taxes, eliminate the gift tax, and increase angel investor tax credits.
Castlelake recently closed on $1.4 billion in new capital commitments, bringing its total managed assets to $3.6 billion.
The Bloomington mall confirmed recently that, after closing on $300 million in financing, it plans to add a 700,000-square-foot expansion.
Claiming to have the majority market share of its industry, American Surplus and Manufacturing is opening a new facility in Pine River that it said will bring 20 jobs to the city.