L&M Radiator Inc. will invest $17.6 million and hire 22 new workers in an expansion of its facilities in Hibbing. The company, which designs, manufactures and distributes cooling products for heavy equipment, plans to add 100,000 square feet of manufacturing and office space to an existing facility in Hibbing. The new entry-level jobs will pay wages averaging $15.86 an hour. DEED approved the project for a $354,000 grant from the Job Creation Fund.
Celebrating Small Business Saturday
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Small Business Saturday, which celebrates the contributions of small businesses nationwide, will be held on Saturday, Nov. 25, this year.
During last year's event, 112 million shoppers showed their love for their favorite small businesses by spending an estimated $15.4 billion.
American Express, which founded Small Business Saturday in 2010, provides custom marketing materials that you can use to let customers know your business is participating. Go to Shop Small for ready-to-use materials, including posters, signs, websites, social media and more.
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Employment Rights for Servicemembers
DEED has teamed
up with the Meyer law firm of Shakopee to publish a free booklet for Minnesota
businesses called “Employing
Servicemembers: What You Should Know About USERRA.”
USERRA, which stands for the Uniformed Services Employment and Reemployment and
Rights Act, is a federal law that provides job protection to members of the
uniformed services. The law protects the jobs of employees who are called to
service, ensuring that they have employment to come back to after military
duty.
This
guide is available on DEED’s website and also available
in print or CD-ROM from DEED’s Small Business Assistance Office at
651-259-7476, or 1-800-310-8323 or deed.mnsbao@state.mn.us.
Requests also can be mailed to the Small Business Assistance Office at the
First National Bank Building, 332 Minnesota St., Suite E-200, St. Paul, MN
55101-1351.
Did You Know?
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The Minnesota Office of the U.S. Small Business Administration backed 2,056 loans totaling $681 million for the fiscal year that ended Sept. 30. Minneapolis ranked 10th out of 68 SBA district offices nationally for loan guarantees last year. |
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