Adding $18 billion in assets, Minneapolis-based U.S. Bancorp purchased Quintillion Limited for an undisclosed sum and, separately, announced a partnership with American Express.
Economy
For Minneapolis and St. Paul to remain prosperous, we should learn from other cities, like Denver.
Due to a decline in unemployment insurance, the state recently approved a reduction in related taxes.
Health Dimensions Group bought Chris Jensen Health and Rehabilitation Center in Duluth and has plans to upgrade the center and add a housing facility.
DataBank is nearing completion of one Edina data center upgrade and said it’s now planning a second Twin Cities facility.
U.S. Pipe hopes to expand its Midwest footprint with its first acquisition in Minnesota.
A former Twins executive; the president of Rochester Area Economic Development, Inc.; and the dean of the Carlson School of Management are among those appointed to the Economic Development Agency Board.
Could the Affordable Care Act lead to a decline of mergers and acquisitions in Minnesota or just a more complex vetting process?
The business group released a 60-page report that makes a case for immigration reform.
Olympus Surgical Technologies America plans to begin construction on a $37 million R&D and manufacturing facility by the end of the year.
Selected “pop-up shops” will operate rent-free for two to three months as part of a program meant to fill vacant Duluth storefronts during the holidays.
The building, which will be owned by Maurices, will be 10 to 12 stories, rather than the previously planned 15, and the overall cost will be reduced as well.
The economic development group said it has helped attract dozens of projects, but what does it mean for the organization to “assist” on a deal?
A deal announced Monday, which must be approved by the Minneapolis City Council, calls for the city to pay $48.5 million for the renovation, as well as at least $50 million in ongoing capital improvements.
After being delisted from Nasdaq and moving to a smaller exchange, Granite City Food & Brewery is now thinking of deregistering its shares altogether to reduce costs.
About $590 million worth of SBA loans were approved in Minnesota during the latest fiscal year, down from last year; the state, however, remains a national leader in SBA lending.
Eight financial services firms—led by RBC Capital Markets—were selected to provide underwriting services for the issuance of bonds to finance the new stadium.
The asking price for Eden Prairie Center was nearly $100 million, and the Cahill Plaza shopping center sold for more than $8 million.