Individuals who can benefit from the grants include former workers of General Mills, Delta Air Lines, Medtronic, and Best Buy.
Industry
The announcement—which St. Paul Mayor Chris Coleman said is “in the interest of transparency”—comes five days after the Taxpayers League of Minnesota filed a lawsuit to halt construction of the $54 million stadium, claiming a violation of public bidding procedure.
St. Paul-based Ecolab is selling its vehicle care division to Atlanta-based Zep, Inc., for roughly $120 million in cash.
Chart Industries, which is New Prague’s largest employer, plans to add a 111,525-square-foot manufacturing facility to accommodate 80 new employees in the Minnesota city.
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Chart Industries, which is New Prague’s largest employer, plans to add a 111,525-square-foot manufacturing facility to accommodate 80 new employees in the Minnesota city.
In response to strong third-quarter earnings, UnitedHealth Group raised its 2012 earnings forecast.
The growing company, which now employs 410 in Minneapolis, also launched a new website.
Summit Brewing Company, Fitger’s Brewhouse, and Minneapolis Town Hall Brewery each took home a medal from this year’s Great American Beer Festival.
Northill Capital didn’t reveal the financial terms of the deal but said its investment represents approximately 58 percent of Riverbridge’s equity.
Princeton hopes that an entrepreneurial contest will attract new businesses and strengthen its downtown economy.
The company announced its intent to purchase a 26.4 percent stake in LifeTech Scientific Corporation—a move that comes about two weeks after it agreed to buy another China-based medical device maker.
With the help of a grant from the Bill & Melinda Gates Foundation and The William and Flora Hewlett Foundation, a new Minneapolis school aiming to breed entrepreneurs will open in August 2013.
The company will pay about $1.7 billion in cash and issue roughly 8 million shares of its stock for Champion Technologies, which offers products and services to the oil and gas industry.
The company plans to complete a direct public offering, and its shares will be traded via the “over-the-counter” market.
Minnesota ranks fifth among all states in terms of ethanol production capacity—and every dollar invested in building ethanol plants within the state between 1990 and 2011 generated $8.13 for the state’s economy.
Small businesses owners in the state who responded to a recent survey said that the economy and jobs are the most critical issues in the upcoming presidential election, while ethics, honesty, and corruption in government are also important when selecting a candidate.
Driven by a 10.4 percent revenue boost and a growing industrial vending machine business, Fastenal’s earnings grew nearly 13 percent during the third quarter.
Weber succeeds Scott Christian, who abruptly resigned in June after about a year on the job; the leadership transition comes at a time when XRS is shifting away from onboard fleet-management systems and toward the use of mobile devices.
University of Minnesota Duluth alumnus Brian Kobilka and Robert Lefkowitz of Duke University will share the award for their research on protein receptors, which help the body sense and respond to outside signals.
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