Eden Prairie-based IrriGreen, having advanced from the Cleantech Open’s North Central Region competition, will compete Thursday and Friday on the national stage for a grand prize of $250,000 in investments and services.
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The agricultural co-op’s net income totaled $1.26 billion for the fiscal year that ended in August, up 31 percent from the prior year; earnings during the fourth quarter, meanwhile, jumped 75 percent to $360.9 million.
The Burnsville-based retailer expects that the acquisition will make it a nearly $1.5 billion company.
3M CEO Inge Thulin said the company aims to grow revenue from existing businesses by 4 to 6 percent annually between 2013 and 2017; meanwhile, the company hopes to increase earnings per share by 9 to 11 percent each year during that period and boost research spending to 6 percent of sales by 2017.
The team’s new local owner reportedly ensures that it will remain in Minnesota.
Following the sale of its business that produces shelf-stable cheese sauces and puddings, Associated Milk Producers will shutter its plant in the small west central Minnesota city of Dawson, laying off 130 workers.
The bank donated the time of one of its iPhone app designers to create the app, which aims to help The Salvation Army meet its goal of filling 120,000 one-hour time slots at 400 locations across the Twin Cities.
Among Minnesota’s 20 casinos and card clubs, 14 now serve alcoholic beverages; the positions that will be created by Mystic Lake’s entry into this arena range from bartenders and banquet servers to cooks.
The retailer, which has announced plans to open 10 new U.S. stores next year, said it will close four existing locations “after careful consideration of the financial performance” of each of them.
The Plymouth-based travel agency operator said that the acquisition will add about $850 million in total sales volume to its bottom line.
Local companies have pledged monetary support to the American Red Cross and other charities, but they have also offered other types of aid, including truckloads of food, paid vacation to employees dedicated to providing relief, and matching employee contributions; total donations exceed $1.25 million in value.
Eighteen of the new restaurants will be in California, and a single new location will open in the cities of Lansing, Michigan; Independence, Missouri; and Yakima, Washington.
Lori Walker has been with the paint and coatings manufacturer for 12 years and assumed her current position in 2008.
Hundreds of lawyers and poll watchers are reportedly stationed throughout the state this election day; meanwhile, some voters have encountered long lines, and the state’s business leaders await the outcome of the election and its impact on their companies.
The economic development group said that by the end of 2012, its efforts will have helped create or retain 4,000 Twin Cities jobs.
Unpaid creditors of Mervyn’s reportedly sued more than 30 entities connected with its 2004 sale, including Target Corporation; they accused the entities of stripping out the now-defunct retailer’s valuable real estate assets to fund the purchase.