As Target makes digital efforts a top priority, 150 jobs have fallen by the wayside.
Business + Economy
Proto Labs, Clearfield, Winmark, Datalink, Northern Oil and Gas, and Select Comfort made Forbes’ latest list.
Two studies released this year suggest that Minnesota is not a major hotspot for entrepreneurs, but their methodologies open the door to debate.
Marco, Inc., plans to add about a dozen jobs over the next year to accommodate its continuing growth.
Best known for its backup security solutions, Code 42 recently launched a new “file sync and share” technology; it comes about a year and eight months after the company received more than $50 million in investment funds.
The Zayo Group purchased Access Communications for $41 million, expanding its network to span more than 2,500 miles in the Twin Cities.
A CenturyLink unit is planning a new Shakopee project; some industry experts consider the Twin Cities to be “underserved” by modern data centers.
The holding company for the Enterprise Rent-A-Car, National Car Rental, and Alamo Rent A Car brands announced it will hire 11,000 new workers internationally in the coming year.
Twin Cities at Eagan, an upscale outlet mall that is slated to open next August, added 19 more retailers to its tenant list, which already included Saks Fifth Avenue Off 5th.
The city of Minneapolis reported a 67 percent jump in the amount of money spent on major construction projects during the second quarter.
The Met Council estimates Minneapolis’ population 27 years from now will reach 487,700.
Value Place, which describes itself as “the largest economy extended stay lodging franchise in the United States,” has chosen the Twin Cities as one of five markets in which to expand its franchise.
Minnesota’s economic growth was driven largely by durable goods manufacturing in September; meanwhile, the Midwest region saw economic growth across multiple industries, according to a recent Mid-America Business Conditions Index report.
The national investment community expects an uptick in initial public offerings, mergers, and acquisitions in the second half of 2013, although Minnesota investors are less confident.
Minnesota moved up Forbes’ best business states list, driven largely by its high scores in quality of life measurements.
Consumers may now take pictures of their Post-it Notes and, using a new mobile app, transform them into digital notes that can be saved and organized on a user’s mobile device.
Rental car giant Enterprise announced that it is expanding its CarShare program to Minneapolis, an increasingly competitive car-sharing market.
In order to contend with heavy competition, Schneiderman’s Furniture is expanding its Woodbury showroom and plans to add about 10 new jobs.