The state has recovered all the jobs lost during the recession and remains more than 2 percent below the national unemployment rate, but they are not as high-quality of jobs as the state had in 2008.
Manufacturing
The majority of metropolitan areas throughout the United States saw their economies surge in 2012, with Minneapolis-St. Paul near the front.
Winners of the Extreme Redesign contest, which seeks submissions from students around the world, will receive recognition on the 3D printing company’s website and a total of $13,500 in scholarships.
Cargill’s current CEO, Greg Page, is nearing the company’s mandatory executive retirement age, and he will be replaced by David MacLennan.
The vehicles are described as “highly-mobile,” allowing for the transportation of military personnel and gear through “extreme off-road terrain.”
The Department of Employment and Economic Development hired John Shoffner as the agency says Minnesota is experiencing a surge in business expansions and job openings.
While the layoffs haven’t yet occurred, SIFCO Industries said they will be doled out in upcoming phases.
A new report highlights the importance of manufacturing to Greater Minnesota, which is expected to experience the fastest growth in manufacturing jobs this decade.
The U.S. Export-Import Bank is considering funding a loan that would promote the exportation of U.S.-made equipment—but could aid Minnesota companies’ competitors.
The growing company is looking to increase its manufacturing space.
After missing third-quarter expectations, Valspar now expects to earn between $3.45 and $3.55 per share for the full fiscal year.
Uroplasty’s former chief financial officer retired after the company investigated issues regarding internal financial controls; Brett Reynolds will now take over the role.
The company sold its air emissions control business, which helps plant operators meet requirements involving the use of fossil and renewable fuels.
The Wayzata-based company saw its annual and fourth-quarter profits skyrocket, following especially dismal financial results last year.
U.S. District Judge Joan Ericksen ruled against AGA Medical Holdings in a patent lawsuit involving a medical device used to treat heart defects.
New upgrades to Donaldson’s testing laboratories are expected to boost efficiency and cut costs.
Bike parts wholesaler Quality Bicycle Products plans to expand its business, increase profits, and ship internationally bikes built at its Minnesota warehouse.
After investing in an Australian grain commodities business and beef processing company, Cargill has now purchased Joe White Maltings, an Australian malt producer.