The fair's 350,000 square feet of space are reportedly valued at around $200 million, for insurance purposes. The annual budget for the fair this year is reportedly $38.5 million, and gross revenue is expected to match that amount, according to a recent report.
latest articles
H&R Block, which had acquired RSM McGladrey from McGladrey & Pullen, will sell the firm back for approximately $610 million, reuniting the two firms after a 12-year split.
A new city ordinance, which follows a recent change to state law, allows breweries to sell pints of beer on site; it has prompted some speculation that Surly Brewing Company might look to build its $20 million "destination brewery" within Minneapolis city limits.
The announcement comes after a turbulent year for the company, including a June announcement that Johnson & Johnson-which accounted for roughly 17 percent of SurModics' fiscal 2010 sales-would exit the drug-coated stent market by the end of this year.
Sixteen new food items and a wide range of major musical acts will be featured at this year's State Fair-and a new smartphone app makes it easier for fairgoers to find them.
The search committee includes several local business leaders, including Bruce Beckman, finance director of General Mills; Lynn Casey, CEO of Padilla Speer Beardsley; and Reatha Clark King, former president and executive director of the General Mills Foundation.
Under the terms of the settlement, which will be paid to about 290 former employees, the Maplewood-based company also will implement a review process for termination decisions and training on how to prevent age bias.
Meanwhile, 82 private companies in Minnesota are among the nation's 5,000 fastest-growing, according to the magazine.
The iconic candy maker was sold for an undisclosed sum, and Michael Keller, former chief marketing officer for International Dairy Queen, will take over as president and CEO.
Jeffrey Wirth, who heads The Wirth Companies, appeared in court on Monday, but his arraignment reportedly won't happen right away because he lacks a lawyer.
AT&T will partner with Digi International to deliver the Minnesota company's smart grid technology, which allows consumers, businesses, and utilities to monitor energy usage and adjust their consumption accordingly.
The Minneapolis brewery is ready for production, but the co-owners must obtain the necessary federal, state, and local licenses before they begin operations.
Financial terms of the deal, which is expected to close on September 1, were not disclosed-but RBA said that the combined company is expected to generate $35 million in revenue this year.
The Richfield-based electronics retailer is reportedly ready to test a program through which customers can enter rent-to-own agreements.
The company, which previously outsourced its online operations to Amazon.com, will now assume full control over its Web site.
LarsonAllen to its merger partners: Let’s work together. Really.