The facility's owners hope that a new Timberwolves and Lynx training facility will bring “cachet” to the long-troubled property.
Business + Economy
In recent years, studies by Forbes, the Brookings Institution and USA Today found that Minneapolis had bounced back—or bounced ever so gently—on the galloping waves of the recession.
Minnesota’s unemployment rate dropped to 4.8 percent in October, a rate last seen in January 2008; a declining labor force participation rate, however, has contributed to the trend.
The retail giant’s third-quarter earnings were held back largely by weaker-than-expected results from its expansion into Canada.
SpartanNash—which was formed through the merger of Nash Finch and Spartan Stores—selected Michigan for its headquarters due to financial incentives, a “positive business climate,” and “a more favorable tax environment.”
Adding $18 billion in assets, Minneapolis-based U.S. Bancorp purchased Quintillion Limited for an undisclosed sum and, separately, announced a partnership with American Express.
For Minneapolis and St. Paul to remain prosperous, we should learn from other cities, like Denver.
Due to a decline in unemployment insurance, the state recently approved a reduction in related taxes.
Health Dimensions Group bought Chris Jensen Health and Rehabilitation Center in Duluth and has plans to upgrade the center and add a housing facility.
DataBank is nearing completion of one Edina data center upgrade and said it’s now planning a second Twin Cities facility.
U.S. Pipe hopes to expand its Midwest footprint with its first acquisition in Minnesota.
A former Twins executive; the president of Rochester Area Economic Development, Inc.; and the dean of the Carlson School of Management are among those appointed to the Economic Development Agency Board.
Could the Affordable Care Act lead to a decline of mergers and acquisitions in Minnesota or just a more complex vetting process?
The business group released a 60-page report that makes a case for immigration reform.
Olympus Surgical Technologies America plans to begin construction on a $37 million R&D and manufacturing facility by the end of the year.
Selected “pop-up shops” will operate rent-free for two to three months as part of a program meant to fill vacant Duluth storefronts during the holidays.
The building, which will be owned by Maurices, will be 10 to 12 stories, rather than the previously planned 15, and the overall cost will be reduced as well.
The economic development group said it has helped attract dozens of projects, but what does it mean for the organization to “assist” on a deal?