In the News
Stern Rubber Breaks Ground in Aitkin
Aitkin Age-8/2/16
A 10- to 12-week expansion project is ready to get under way at Stern Rubber in Aitkin. The company is investing $1.26 million to expand its Aitkin plant from 10,000 square feet to 20,000 square feet. Stern Rubber has committed to adding 10 jobs over the next two years as part of $80,000 in funding that DEED awarded under the Job Creation Fund.
DEED Funds Support Lyndale Gardens
Richfield Sun Current-8/4/16
A $577,00 grant from DEED will help clean up the Richfield property set to become Lyndale Gardens. The property’s owner, The Cornerstone Group, hopes to begin work on the outdoor park-like amenities in October and have them ready next summer. Those elements include a concert stage, community pizza oven, and bridges and trails connecting to the adjacent Richfield Lake.
Did You Know?
Sweet corn is a major industry in Minnesota, with the state ranking first in the country for production and accounting for one-third of the entire U.S. crop. Most Minnesota sweet corn will be either frozen or canned for resale.
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DEED Seeks Applications for Lenders
DEED is seeking applications from nonprofit groups to serve as certified lenders under the agency’s new Minnesota Emerging Entrepreneur Program. The program will provide loans to new and existing businesses owned by people of color, low-income people, women, veterans and people with disabilities. Workshops on how to apply to be certified lenders are scheduled for later this month.
Serving Our Clients
The latest issue of Trends magazine takes a broad look at the Minnesota economy. While the overall economy is doing well, the labor force continues to tighten in the state. Minnesota must build on efforts to attract and retain workers if it wants to remain among the best economic performers in the country. Go here to read the latest issue online or stop by the front desk to pick up a free print copy.
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