A plan from The Minnesota Sports Facilities Authority calls for 11 percent of Vikings stadium construction contracts to go to women-owned firms and 9 percent to minority-owned businesses; only work by Minnesota companies will count toward the goal.
Industry
A proposed expansion of taxes to business services could cause some local businesses to cut jobs or relocate; meanwhile, a Wisconsin lawmaker is trying to lure disgruntled companies across the border.
However, same-store sales were strongest in the food and health and beauty categories, and company CEO Gregg Steinhafel said consumers are shopping “with discipline in the face of a slow economic recovery” and new pressures like payroll tax increases.
The company’s Twin Cities work force and locations will reportedly not be affected.
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The company’s Twin Cities work force and locations will reportedly not be affected.
The company’s fourth-quarter earnings per share, announced Tuesday, were slightly lower than what analysts were expecting—and its CEO acknowledged that C.H. Robinson is off to a slow start this year in its North American trucking logistics business.
Minnesota is behind only five other states in terms of annual tax revenue loss stemming from corporations and wealthy individuals shifting profits offshore.
Coca-Cola’s chief executive has been elected to 3M’s board of directors; meanwhile, 3M’s CEO said the company’s new dividend and share repurchase program reflect “confidence in 3M’s future.”
The University of Minnesota, Carleton College, Macalester College, and St. Olaf College were among 150 colleges recognized based on assessments that examined data covering academics, cost, and financial aid.
Construction on a total of 1,344 new Twin Cities homes began last quarter, up 57 percent from the same period in 2011 and the largest fourth-quarter growth since 2007.
Best Buy’s expensive Super Bowl ad appears to have been popular among viewers; meanwhile, the company continues to close big-box stores and cuts jobs, although its period of turmoil has proven lucrative for many executives.
The 34-minute blackout during Sunday’s game extended the time viewers spent at Buffalo Wild Wings restaurants.
Minneapolis city politics are heating up for the 2013 election.
UnitedHealth Group, 3M, the University of Minnesota, Great Clips, and Wells Fargo each have hundreds (or thousands) of local jobs they’re looking to fill.
The celebrity chef and Bizarre Foods host reportedly said that “restaurants in the skyway are serving some of the worst food in the city.” Meanwhile, local food trucks have formed a group to respond to skyway restaurants’ claim that trucks are hurting business.
The recently released figure gives the first and only indication to date about how the Natick, Massachusetts-based company’s ongoing restructuring is affecting its local work force.
The Minneapolis-based company said that sales in its dessert-flavored category have increased 81 percent over the last year.
Chad Arthur Anderson received a five-year sentence, while Troy Allen Huston was sentenced to four years and nine months; their fraud scheme involved 32 Minnesota properties.
Struggling Supervalu, which recently struck a deal to sell several of its brands, said that its new CEO will start immediately rather than assuming his post after the close of the sale, as was previously planned.
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