A planned 38,000-square-foot supermarket will anchor 222 Hennepin-a $70 million mixed-use development at the corner of Hennepin and Washington avenues; roughly 150 employees will be hired in connection with the new store opening.
Business + Economy
The company plans to open an additional 100 restaurants within the country by the end of this year.
Twin Cities Business' Quarterly Economic Indicator survey found that, compared to the previous quarter, more Minnesota businesses expect to hire, invest in infrastructure, and raise prices during the first quarter of 2012.
The governor appears to favor the Linden Avenue site near the Basilica of St. Mary, although he believes all three of the front-runner proposals have problems that could prevent a stadium proposal from receiving legislative approval this year.
Minnesota's unemployment rate dropped another 0.2 percent in December to reach 5.7 percent, as the state added 7,900 jobs.
R.T. Rybak discusses the past 10 years he's served as Minneapolis mayor in an exclusive interview with TCB Editor In Chief Dale Kurschner.
An estimated 38.9 million tons of iron pellets were produced by the state's mining operations in 2011, up from 35.1 million tons in 2010 and up dramatically from 17.1 million tons in 2009.
The council will reportedly spend the money on a marketing campaign intended to attract customers to struggling businesses along the Central Corridor light-rail line.
A federal program that gave up to 13 weeks of extended benefits to long-term unemployed individuals is being phased out in Minnesota and nine other states.
The Central Corridor Funders Collaborative has awarded millions of dollars in grants to support economic development around the Central Corridor light-rail line, and it will enter 2012 with about $5 million available to invest.
Minneapolis Mayor R.T. Rybak explores his decade in office in an exclusive Q&A with editor Dale Kurschner.
Prime Therapeutics plans to add 300 information technology and business analyst jobs as it expands into the former home of Buffets, Inc., in Eagan.
The Downtown Council, in conjunction with local business leaders, has a plan to boost downtown Minneapolis' residential population, revitalize Nicollet Avenue, build a "downtown sports district," develop a new park, and more.
Despite the dropping unemployment rate, state officials say the state continues to shed jobs, and the conflicting indicators make it difficult to draw clear conclusions about Minnesota's labor market.
The state took in more revenue and spent less in fiscal 2011 than it had previously anticipated-resulting in a forecasted $876 million balance for the remainder of the current budget period.
Minnesota lost about 6,100 jobs during the month, but some sectors that have been struggling, including the construction industry, saw year-over-year gains.
The city's convention and visitors association is rolling out a new brand-including a logo, tagline, and revamped Web site-in an effort to attract more visitors, and in turn, create more jobs.
Governor Mark Dayton announced that the state will disburse up to $100 million among community banks to spur lending to small businesses, thus doubling the amount provided through an existing program.