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In the News
The same space where workers once made crackers is now a hive of mostly millennial entrepreneurs hustling to build their businesses. The rejiggered building, known as North Co., is an example of how work — and expectations for a middle-class livelihood — have changed in the past half-century. And the trend isn't occurring just in the Twin Cities. All across the country, rehabbed industrial space is drawing the millennial generation.
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In late September, Mark Meyer (right) and fiancee Deanna Morris acquired Blaine-based Artic Glass, a small commercial-glass business, with a loan from Anchor Bank in St. Paul. The Artic Glass financing was among 2,056 loans backed by the U.S. Small Business Administration in Minnesota from Oct. 1, 2016, to Sept. 30, 2017. The activity boosted Minnesota’s SBA District Office from 12th to 10th place out of 68 district offices nationwide in the number of loans approved in fiscal 2017.
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Recent Press Releases
Employers are encouraged to apply for grants to create or expand registered apprenticeship programs in advanced manufacturing, agriculture, health care, information technology and transportation. Approved employers will receive funds to offset their costs related to program development, related instruction and supplies. Employers can receive up to $5,000 for each registered apprentice.
The
2018 edition of “A Guide to Starting a Business in Minnesota” is now available
from the Small Business Assistance Office at DEED.
This popular guide, which is in its 36th edition and free of
charge, provides a concise summary of the major issues faced by anyone starting
a business in Minnesota. Free
copies can be obtained in hard
copy or on CD-ROM from the Small Business Assistance Office, First National
Bank Building, 332 Minnesota St., Suite E-200, St. Paul, MN 55101-1351. Phone 651-259-7476
or 1-800 310-8323. The guide can also be found on the DEED
website.
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Did You Know?
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Minnesota has the country's highest five-year survival rate for new businesses, according to the Bureau of Labor Statistics. Five years after launching, 57.4 percent of new businesses in the state were still operating. The five-year survival rate nationally is 50.2 percent. |
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