Zeus Jones first shared its plans for a San Francisco expansion with the New York Times.
Workforce + Talent
While the exact number of local cuts is unclear, Thomson Reuters informed some Minnesota employees this week that their jobs will be eliminated as part of a companywide reduction.
AGCO created a video touting its new tractor assembly operation in Jackson, MN. (See below)
Minnesota was ranked the sixth-worst state for entrepreneur- and small business-friendly tax and regulatory policies.
Tom O’Neill has been promoted to president of local Web development firm The Nerdery; Mike Derheim retains the CEO title.
TCF is closing one of its downtown Minneapolis branches, along with 37 others in Indiana and Illinois that are housed within Jewel-Osco grocery stores; the move will result in up to 200 job cuts.
Skybridge Americas, which is based in the western suburbs and was previously part of Carlson Marketing, is adding jobs after landing new clients and extending a key contract.
Lou Nanne will lead fundraising efforts for $190 million in upgrades at U of M sports facilities; TCB recently reported on the school’s ambitious plans.
A California investment firm purchased two of Cargill’s three corporate buildings in Hopkins; the two buildings totaled more than 500,000 in square footage.
Governor Mark Dayton said more than $400 million from the budget surplus should be used for business and middle-class tax cuts.
3M and Target both made four of Fortune’s high-profile annual lists, earning them spots on the magazine’s 2013 best-of compilation.
Imagine! Print Solutions acquired Classic Graphics to form what it calls one of the largest privately owned commercial printers in the country.
Uponor, a Finnish plumbing and indoor climate systems manufacturer, has added 75 jobs in Apple Valley this year and expects its latest expansion to lead to additional hiring.
The company reportedly told employees that the Fairmont plant will close its doors at the end of January, although it’s unclear how many workers are affected.
A new report states that there were 31 business expansions announced during the most recent quarter—bringing the tally to 112 during the first nine months of 2013.
In recent years, studies by Forbes, the Brookings Institution and USA Today found that Minneapolis had bounced back—or bounced ever so gently—on the galloping waves of the recession.
For Minneapolis and St. Paul to remain prosperous, we should learn from other cities, like Denver.
Minnesota’s unemployment rate dropped to 4.8 percent in October, a rate last seen in January 2008; a declining labor force participation rate, however, has contributed to the trend.