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What's Driving the Data Center Market?
Business Journal-8/26/15
DEED's Jim Gromberg recently moderated a panel of experts who talked about the growing data center sector in the Twin Cities. The group discussed tax incentives, the Twin Cities business environment, local talent and other factors driving the industry. The Business Journal, which sponsored the event, last week published a Q&A of comments from panelists.
Angel Tax Credits Still Available
Hutchinson Leader-8/29/15
DEED still has about $4 million in tax credits available for angel investments specifically targeted at startup businesses based in Greater Minnesota or owned by women or members of minority groups. Any funding for those targeted groups still unused after Oct. 1 will be made available for investments in other Minnesota startups.
Women Drive Success of Somali Market
Minneapolis Star Tribune-8/31/15
What began as a warren of stalls and storefronts in an old machine shop has grown into Karmel Square at the corner of Pillsbury Avenue and Lake Street in Minneapolis. The mall is probably the largest collection of Somali businesses in the U.S. Inside are 175 clothing shops, hair salons, henna shops, restaurants and even a mosque. All but 25 are owned by women.
Minnesota students have led the nation in ACT college entrance exam scores for 10 consecutive years. Students are tested in four different areas: English, reading, math and science.
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Exports at $5.2 Billion in Second Quarter
Minnesota businesses exported $5.2 billion worth of agricultural, mining and manufactured products in the second quarter, according to figures released last week by DEED. State exports were down 3.8 percent from the same period a year ago, while overall U.S. exports were down 5.6 percent. Thirty-eight states saw declines in export sales in the second quarter.
Lifecore Biomedical Planning Expansion
Biomaterials manufacturing firm Lifecore Biomedical will invest $18 million and create 68 jobs in an expansion of its facilities in Chaska. The company said it plans to expand an existing facility at 3515 Lyman Blvd. by 25,000 square feet to create room for a medical manufacturing cleanroom and quality control laboratory. DEED is assisting the expansion with $834,000 from the Job Creation Fund.
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The latest in our blog series on America's Top State for Business 2015 looks at the cost of living in Minnesota. Read the details here. |
 Calling all entrepreneurs, DEED is sponsoring an open house on Wednesday, Sept. 9, for people who want to take their startups to the next level.
Representatives
from DEED's business and community development division will talk about programs and services offered by the agency. The event will be held at the First National Bank Building from 10 a.m. to 1 p.m. Advance registration is requested. Read on.
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