The Central Corridor Funders Collaborative has awarded millions of dollars in grants to support economic development around the Central Corridor light-rail line, and it will enter 2012 with about $5 million available to invest.
Industry
Eden Prairie resident Robert Grogan developed a smartphone application that finds property rights, solar energy potential, and oil and gas lease statuses for entrepreneurs looking to develop new forms of energy.
Federal regulators are seeking to block Minneapolis-based Graco's $650 million acquisition of Illinois Tool Works' finishing business, but Graco intends to defend the deal in court.
Prime Therapeutics plans to add 300 information technology and business analyst jobs as it expands into the former home of Buffets, Inc., in Eagan.
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Prime Therapeutics plans to add 300 information technology and business analyst jobs as it expands into the former home of Buffets, Inc., in Eagan.
The local ad agency decided to spread holiday greetings this year with a video featuring a holiday stocking with a bad habit of stalking.
The Star Tribune reported that in order to survive a weak economic recovery and state and federal budget cuts, many nonprofits are cutting costs and consolidating with other organizations.
The Downtown Council, in conjunction with local business leaders, has a plan to boost downtown Minneapolis' residential population, revitalize Nicollet Avenue, build a "downtown sports district," develop a new park, and more.
The struggling retailer has hired a new president for a one-year term, and disappointing third-quarter results have led it to suspend its dividend.
Despite the dropping unemployment rate, state officials say the state continues to shed jobs, and the conflicting indicators make it difficult to draw clear conclusions about Minnesota's labor market.
Rafael Alvarez, founder and CEO of Genesys Works, was recognized for his business' social entrepreneurship. The nonprofit operates a program in St. Paul and has partnered with a long list of local businesses.
The trustee handling Denny Hecker's bankruptcy case is reportedly on the hunt for more hidden assets. Hecker's wife, meanwhile, has been released from prison and is in some form of supervised custody.
Media reports indicate that Tuesday's Senate hearing about a new Vikings stadium seemed to focus on Minneapolis' efforts-and it left some Ramsey County leaders frustrated. But key state lawmakers still seem split over which potential site has the upper hand.
Plymouth-based Mosaic reached an out-of-court settlement with Potash Corporation of Saskatchewan; under the terms of the agreement, Mosaic's contract to supply the company with potash will expire at the end of 2012.
Charles Du and Duncan Hurrelbrink of Minnetonka High School represent one of five teams that will advance to the championship round in a national math and retail competition.
A new clawback lawsuit is seeking more than $27,000 in funds that were allegedly transferred to Michele Bachmann and her political committees between 2005 and 2008 by Frank Vennes, who faces securities fraud charges related to Tom Petters' Ponzi scheme.
A federal jury in Minneapolis reportedly awarded $16 million to 26 banks that had loaned funds to a businessman behind famous "boy bands," like the Backstreet Boys and 'N Sync, who is now serving time for his role in a Ponzi scheme.
Thirty former associates of Tom Petters have reportedly agreed to pay $8.5 million to settle "clawback" lawsuits that are attempting to recover funds for victims of the Ponzi scheme; meanwhile, attempts to reach a deal with more than 10 other employees failed.
The state took in more revenue and spent less in fiscal 2011 than it had previously anticipated-resulting in a forecasted $876 million balance for the remainder of the current budget period.
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