A private equity firm sees a Minnetonka IT reseller as the foundation of a big opportunity.
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The company said it will increase its sustainable seafood selection, make the packaging of at least 50 of its owned-brand products more sustainable, boost the percentage of employees enrolled in its company health plan who are tested for diabetes, and invest in programs that help increase U.S. reading proficiency.
Third Wave Systems, Inc., which makes manufacturing software, will use the money to develop technology designed to boost efficiency in factories.
St. Paul will ask for more than half of the $47 million that the state has set aside for economic development projects—and it faces growing competition for those dollars.
Some analysts are speculating that the two Minnesota-based companies, whose share prices have dropped dramatically, could be the targets of leveraged buyouts.
The state added government, manufacturing, and construction jobs in May while shedding jobs in the professional and business services, information, and leisure and hospitality sectors.
A company executive said that General Mills doesn’t typically take positions on ballot measures, but “this is a business issue that impacts our employees.”
The music software company said that Chief Operating Officer and Chief Financial Officer Karen VanDerBosch will assume the CEO duties on an interim basis—and the board has initiated a search for a new chief executive.
The two organizations will aim to deepen Minnesota’s economic ties with China through the new office, which opened during Governor Mark Dayton's 10-day trade mission to the country.
Steele Fitness plans to open a new fitness center above Lunds grocery store that will feature a three-season training area on the roof.
The companies have worked closely for the past four years; both focus on therapies for diseases of the central nervous system, including Parkinson’s disease, epilepsy, and Alzheimer’s disease.
The company said that it is “surprised and disappointed with the jury’s verdict,” and it is considering an appeal.
The new brewpub will be built in the former home of the Trocaderos nightclub, and it is expected to feature food, six to eight house-brewed ales, and live music.
612Brew, which will be located in The Broadway building, intends to open a taproom and begin selling growlers in late fall, and it will start supplying liquor stores within a year.
Jason Beckman, Gerald Durand, and Patrick Kiley were found guilty of a long list of charges pertaining to their roles in soliciting investors for Trevor Cook’s fraudulent currency trading scheme.