Hannon Security Services, Inc., was bought by California-based Universal Protection Service, one of the largest security companies in the country.
Business + Economy
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.
The fourth-quarter expansions brought the annual total to 146 in Minnesota, which are expected to create nearly 8,000 jobs in the state.
Best Buy swung to a profit in its fourth quarter but is reportedly planning to cut up to 2,000 managers across the country.
3M ranked 23rd and Target 29th, although both fell several spots from last year’s list.
Bloomberg News reported that the Minnesota company is working with Goldman Sachs to sell some of its business units piecemeal.
Caribou Coffee added a variety of new bakery offerings Tuesday and plans to follow them up with hot sandwiches in a few months, as well as snacks like hummus and pita bread later this year.
University of Minnesota researchers say that resilient wine grapes developed by the university are key contributors to an industry whose economic impact exceeds $400 million.
Optum Health hopes to expand the breadth of Audax’s digital platform and said that Audax’s leadership team, which is helmed by a 24-year-old CEO, will remain intact.
DFL state Representative Kim Norton said she's heard that Rochester already got so much that they shouldn't ask for any more.
The building housing Camdi Restaurant and Mesa Pizza was designated for a historic-significance study.
Dunn Bros. moved across the street, added a bakery, and will now serve beer and wine; its former location is being taken over by new retail shops.
The North Dakota-based Stop-n-Go gas station and convenience store chain, which had four locations in Minnesota, was bought out by Iowa-based Casey’s General Stores, Inc.
Maker’s Cafe, which will serve local food and sell homemade merchandise, opened in conjunction with a new Minnesota-based co-working space called Cafe Inc.
While Buffalo Wild Wings saw a 25 percent increase in profit and C.H. Robinson saw a 65 percent decrease, the price of both companies’ stocks dropped Wednesday.