No money changed hands in the nonprofit mega-merger, which creates an entity with annual revenue of approximately $180 million.
Industry
Sociable Cider Werks hopes to open a taproom and begin selling its hard cider products commercially by late December.
The Golden Valley-based food manufacturer said it plans to introduce new protocols in order to sustainably source 100 percent of its 10 “priority” ingredients by 2020.
A jury found that Global Traffic Technologies’ patent involving technology for controlling traffic lights was infringed upon.
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A jury found that Global Traffic Technologies’ patent involving technology for controlling traffic lights was infringed upon.
The national investment community expects an uptick in initial public offerings, mergers, and acquisitions in the second half of 2013, although Minnesota investors are less confident.
Of the 25 largest U.S. metro areas, the Twin Cities experienced one of the largest year-over-year declines in fraud risk among mortgage applications during the most recent quarter.
Minnesota moved up Forbes’ best business states list, driven largely by its high scores in quality of life measurements.
The acquisition of MakerBot, a deal worth at least $403 million, allows Stratasys to market to “home hobbyists.”
Ten thousand fewer Minnesota children lived in poverty in 2012 than in 2011. But that’s still 183,763 low-income kids.
Minneapolis-based Leonard, Street and Deinard is merging with Kansas City, Missouri-based Stinson Morrison Hecker.
The number of meals served at Dorothy Day is up 3 percent this fiscal year compared with 2012.
About three months after a German court ruled against Tennant in an advertising lawsuit, the Minnesota company said it has withdrawn its appeal for “purely commercial reasons.”
The Oracle & International Centre in downtown Minneapolis, which features 622,173 square feet of office space, has been sold to a joint venture between Investcorp International and Wildamere Properties.
Rental car giant Enterprise announced that it is expanding its CarShare program to Minneapolis, an increasingly competitive car-sharing market.
According to the U.S. Census Bureau, the Twin Cities fared above average in 2012 with respect to education, income, and housing value, but it still isn’t back to its pre-recession numbers.
In order to contend with heavy competition, Schneiderman’s Furniture is expanding its Woodbury showroom and plans to add about 10 new jobs.
Attendees of MobCon will hear Google Vice President Carl Schachter’s take on mobile cloud technology and be able to vote in a local mobile app development contest.
The always candid John Morgan on building Winmark, investing in Canterbury, and pulling off one of poker’s all-time bluffs.
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