Segetis, Inc., will pay for about 70 percent of its new Iron Range plant and will receive $21.2 million in support from the Iron Range Resources & Rehabilitation Board.
Economy
With claims of more than 100,000 spectators and a $15 million economic impact, where did all the money flow?
In May, Minnesota will become the 24th state to house a Rita’s Italian Ice when two local franchisees open a new store.
Professional and business services, as well as the construction industry, contributed largely to March’s gains; the leisure and hospitality sector, along with retail, struggled during the month.
In the largest transaction in either company’s histories, Post, known for its huge cereal business, is acquiring Michael Foods, a large Minnesota-based maker of packaged food products.
U.S. Bank has entered an agreement to purchase Ally Bank’s document custodian business.
The Hennepin County Medical Center plans to build a 322,000-square-foot medical center across the street from its current emergency department in downtown Minneapolis.
ViaWest, which manages 27 data centers in six states, announced the recent opening of its first Minnesota facility.
After more than 90 years in business, Nelson’s Ice Cream is opening up a second location in St. Paul.
A 3M official said the technology may have the potential to have as broad of an impact as 3M’s Post-its.
8thBridge’s CEO said he plans to bring on more employees now that the company is part of San Francisco-based e-commerce firm Fluid.
HexFuel plans to have 150 employees at a new Hastings plant and might double that headcount within several years.
The 3D printing giant said it will purchase Solid Concepts, Inc., for up to $295 million but didn’t disclose Harvest Technologies’ purchase price.
Red Wing, which also recently launched a business incubator, is now hosting a contest aimed at attracting new restaurants to its downtown.
Travel Leaders Group has added a new headquarters building in London as part of an expansion plan that involves organic growth and future acquisitions in Europe.
Nord, which also counts the Union Depot among its clients, relocated to an office space—which is more than three times the size of its previous headquarters—in the recently renovated transit building.
When accounting for February’s job losses, Minnesota has added a net 700 jobs in the past two months; that’s compared to 27,700 added during the last three months of 2013.
With existing assets totaling nearly $1.6 billion, KleinBank will be adding about $205 million more after acquiring Prior Lake State Bank.