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Business + Economy
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.
Plans call for the proposed Ardent Mills company to be headquartered in Denver, although there are also plans for satellite offices in Minneapolis and Omaha.
Mayor Chris Coleman released a video in which he tells the public that he is open to suggestions for upcoming budget decisions.
Minneapolis has the ninth-most patent applications for every 10,000 metro residents in the world.
Communications firm WCG is opening a Minneapolis office in the hopes of expanding its Midwest client base.
Planners are considering eight options for either moving existing freight traffic to St. Louis Park or keeping it in the Minneapolis Kenilworth corridor, in order to make room for a new light-rail line.