The metro area's gross domestic product is the 13th highest in the nation and grew 4.4 percent between 2009 and 2010; that's compared to 2.5 percent average growth for all U.S. metro areas during the period.
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The jobless rate for African Americans in the Twin Cities is reportedly 24 percent compared to just 6 percent for Caucasians, giving the region the widest racial disparity among the unemployed in urban areas throughout the country.
Minnesota's official unemployment rate remained unchanged at 7.2 percent in August-in part because a "smoothing out" of data understated the effect of 22,000 laid-off state workers who returned to the job following the state government shutdown. A state official told Twin Cities Business that the "unsmoothed" rate is 7 percent.
The local nonprofit, which trains under-employed and unemployed people for placement in long-term jobs, was chosen from a pool of about 900 entries as one of five winners in the "Powering Economic Opportunity: Create a World that Works" competition.
A dozen of the state's hospitals have won the Minnesota Hospital Association's patient safety awards for implementing measures meant to prevent accidents during surgical procedures and hospital stays.
Great Clips, Tastefully Simple, and Shield Services were included on the SBA 100 list, which features businesses from across the country that created at least 100 jobs after receiving support from the Small Business Administration.
Dorsey & Whitney, Faegre & Benson, Fredrikson & Byron, Gray Plant Mooty, Lindquist & Vennum, and Nilan Johnson Lewis made this year's list based on their work force profile, family-friendly benefits and policies, flexibility, leadership, compensation, and advancement and retention of women.
The company-whose noninvasive device can identify lethal coronary blockages in less than 20 seconds-beat out more than 1,000 participants before being named this year's grand-prize winner.
The company voluntarily recalled 185,000 pounds of fresh ground turkey that it said could be contaminated with the same dangerous salmonella strain that prompted a ground turkey recall last month.
The event, Robotics Alley, is designed to raise the profile of the Midwest in the global robotics industry.
The advertising agency reversed the traditional request for proposals model by accepting pitches from potential clients-and it has now selected two winners who will together receive roughly $175,000 in free media.
The retailer reportedly sold out of the limited edition Missoni fashion line in local stores shortly after they hit shelves, and the company's Web site was down for at least a portion of Tuesday morning.
A new offering enables business customers on the go to view account balances, transfer funds, approve time-sensitive payments, reset their password, and view check images on their mobile devices.
A recently released report indicates that the hiring outlook for Twin Cities employers may be dimming; meanwhile, the University of Minnesota's College of Science and Engineering is reportedly hosting the largest career fair in its history on Tuesday.
The first Provisions Bakery Cafe food items are available at a Minneapolis Dunn Brothers coffee shop-and four more locations are set to test the model and offer fresh foods later this fall.
The Minnesota Idea Open selected a concept called "Minnesota FarmWise" as the winner of its recent competition, which asked Minnesotans how they would use $15,000 to help their community become aware of and address water issues.