The credit rating agency also reaffirmed its Aa1 rating for the state’s bonds; it now shares that rating with the City of Minneapolis.
Business + Economy
About a week after the project’s planners raised their cost estimate from $1.25 billion to $1.67 billion, they tacked on another $150 million.
Padilla Speer Beardsley will acquire Richmond, Virginia-based PR firm CRT/Tanaka for an undisclosed sum.
President and Publisher Steve Fox has retired after 25 years spent leading Greenspring Media Group, and the company has been sold to a Detroit publishing company.
Duluth's higher education institutions are a big part of the workforce effort.
Some sites are or could soon be available.
The Minnesota hearing aid maker is renovating its 122,000-square-foot facility to make room for future work force growth.
Although the deal likely won’t be finalized until 2014, the 100,000-square-foot building on Nicollet Mall is officially off the market, and the energy company hopes the new location will benefit its branding efforts.
Thirty of Minnesota’s wineries are offering free tastings for those carrying a “Discovery Passport”—which costs $25 and is good for 10 free tastings and other special winery offers.
TSI plans to add about 50 percent more jobs to its corporate headquarters over the next four to five years to occupy its 58,000-square-foot expansion.
Mark Dayton gets four appointments to the eight-member board.
Business groups have been quietly championing immigration reform—because without it, the state’s labor pool will dry up.
Edina-based Nash Finch agreed to an all-stock merger with fellow food distributor Spartan Stores, a deal that is expected to create a $7.5 billion company.
There was little discussion about plans for two office towers, a parking ramp, a public park, and residential and retail space.
The cost of the proposed light-rail line could balloon from $1.25 billion to nearly $1.7 billion, depending on which option planners select for dealing with existing freight rail.
Valley Cartage relocated its headquarters from Hudson, Wisconsin to Lake Elmo after the state offered it a $500,000 forgivable loan and the opportunity to apply for $400,000 in tax credits.
HighJump Software, a global provider of supply-chain software, acquired Denmark-based Evenex, marking its fourth acquisition since 2008.
Although Minnesota’s private sector added 2,500 jobs in June, the addition was offset by a 2,100-job loss in government; meanwhile, the state’s unemployment rate reached a post-recessionary low of 5.2 percent.