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Why Minnesota is Outpacing Wisconsin
American Prospect-5/8/15
As two similar states, Minnesota and Wisconsin offer something close to a laboratory experiment in competing economic policies. Minnesota’s jobs and pay have expanded, and health care and education have improved since 2010, far surpassing the economic outcome in Wisconsin during that period.
Small Towns Need Broadband Support
Bemidji Pioneer-5/5/15
Ada business owner Edie Ramstad says DEED's Broadband Office is a vital program that is helping to keep businesses in Greater Minnesota. Without Internet service, Ramstad says, small-town businesses can't compete in a global economy. She speaks from experience. She and her husband considered moving their business, Weave Got Maille, to North Dakota until fiber was installed locally.
Olympus Opens Brooklyn Park Facility
Site Selection magazine-April 2015
Olympus Surgical Technologies America opened its new $37 million Surgical Innovation Center in Brooklyn Park last month. Olympus officials said they chose the site because of Minnesota's central location in the United States, strong medical device industry and talented workforce. DEED provided an incentive for the facility, approving the company for a $1 million forgivable loan from its Minnesota Investment Fund.
Minnesota is a major player in the neuromodulation medical device market, accounting for 91 percent of annual global sales of $3 billion, according to a new report by LifeScience Alley. Neuromodulation technology enhances or suppresses activity of the nervous system for the treatment of diseases like Parkinson's. |
DEED Loans Help Small Businesses Expand
Small businesses in Minnesota have received $7.8 million in loans that helped them create or retain 2,600 jobs under a program launched by DEED in late 2011.
Since beginning the federally funded State Small Business Credit Initiative, DEED has completed 169 loans for small businesses throughout the state. Businesses participating in those loans have leveraged more than $130 million in private sector equity and financing – a return on investment of more than 16 to 1.
Chaska Wind-Power Developer Signs Deal
SheerWind Inc., a Chaska-based developer of wind-power systems, has signed a licensing agreement that will allow its technology to be marketed and deployed in Denmark. The agreement will enable wind-power developer E-Venturi to introduce SheerWind’s INVELOX wind delivery system to potential customers in Denmark. The first pilot project is expected to be built in Denmark before the end of the year.
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Small-business owners often feel overwhelmed about developing a social media strategy. There are too many tools. Too many possible combinations. Too many ways to fail. They should take a deep breath and relax. It's not that complicated.
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State Services for the Blind (SSB) has resources especially tailored to young people between the ages of 14 and
21. Programs and services are available for young people who are looking for a summer job or want to start planning for life after
high school, build tech skills, or know more about
how to succeed on their own. More details are available on SSB's Services
for Teens
page.
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