A deal announced Monday, which must be approved by the Minneapolis City Council, calls for the city to pay $48.5 million for the renovation, as well as at least $50 million in ongoing capital improvements.
Business + Economy
After being delisted from Nasdaq and moving to a smaller exchange, Granite City Food & Brewery is now thinking of deregistering its shares altogether to reduce costs.
About $590 million worth of SBA loans were approved in Minnesota during the latest fiscal year, down from last year; the state, however, remains a national leader in SBA lending.
Eight financial services firms—led by RBC Capital Markets—were selected to provide underwriting services for the issuance of bonds to finance the new stadium.
The asking price for Eden Prairie Center was nearly $100 million, and the Cahill Plaza shopping center sold for more than $8 million.
From tactical vehicles for armies to off-road ambulances in India, Polaris is adding products at home and aboard, and it reported a record-breaking third quarter.
Post 9/11 veterans are a gold mine of management talent. So why don’t more employers see them that way?
Stratasys Ltd. continues its string of mergers and acquisitions as it reinforces its presence in Japan.
The shutdown jeopardized Minnesota's September jobs report; with the impasse ended, however, state officials plan to release labor market stats weeks behind schedule.
Months after selling off a huge chunk of its business, Supervalu’s second-quarter profits and revenue both beat analyst expectations.
3M’s investment arm has purchased a minority stake in Takadu, a tech company that uses algorithms to identify problems in water systems.
While Minnesota ranked only 25th based on a combination of its GDP and population growth over the last four years, it appears to be improving.
Tara Watson, the owner of Watson Chiropractic and Exceptional Home Health, hopes her new Anytime Fitness club will help revitalize a North Minneapolis neighborhood.
A Minnesota Chamber of Commerce official, whose organization is part of a coalition that is advocating for immigration reform, said in a recent interview that the future of the state’s labor force relies heavily on immigrants.
The annual Minnesota Inventors Congress plans to move from the small city of Redwood Falls to the Twin Cities, in an effort to boost attendance.
An industry trade association said that the wine and spirits business directly supports 13,900 jobs in the state, including about 1,210 workers at wholesaler companies.
The firms—which include some of the country’s largest financial services companies—made pitches to help underwrite taxpayers’ $498 million portion of the new stadium.
As more financial enterprises return to the Minnesota market, the state may see a rise in initial public offerings.