DEED Roundup – Feb. 12, 2018

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February 12, 2018

DEED in the News

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Caisson Interventional of Maple Grove Gets $360K Grant From Job Creation Fund
Minneapolis Star Tribune-2/6/18 

Maple Grove-based Caisson Interventional, a medical device firm that specializes in heart valves, is expanding its facility by 30,000 square feet over the next few months with plans to add 50 jobs. Caisson received a $359,850 grant to help fund the expansion from DEED.  “The grant certainly helps us,” said Caisson executive Paul Buckman. “It makes it easier to stay in Minnesota.”

Aquaponics Company Planning Big Facility in Cambridge
Finance and Commerce-2/7/18

Colorful fish

Akashlina and Jami Haider have quietly raised fish and vegetables in a 10,000-square-foot facility for seven years in Center City, but they recently began looking for a place to expand. The couple considered locations in Wadena and Elk River for their Stars Hollow aquaponics company, before settling on a spot in the Cambridge Opportunity Industrial Park.

Recent Press Releases

Stars Hollow Co. Opening Cambridge Aquaponics Facility

Aquaponics startup Stars Hollow Co. will create 156 jobs and invest nearly $12.3 million to build a new facility in Cambridge. The company, which plans to build the 164,000-square-foot office, warehouse and production facility in the Cambridge Opportunity Industrial Park, said it will raise koi fish and grow organic produce, herbs and fruits. DEED is supporting the project with an $812,960 grant from the Job Creation Fund.

Caisson Interventional Expanding Facilities, Adding Jobs

Medical device firm Caisson Interventional LLC plans to expand its Maple Grove facilities by 30,000 square foot and add 50 jobs. The company, which is owned by London-based LivaNova PLC, said it will invest $750,000 in the building expansion. “Caisson is developing a minimally invasive implantable heart valve system that has the potential to benefit millions of patients worldwide,” said Commissioner Hardy.

Recent Blog Posts

Hands on a map

While Minnesota has fewer immigrants proportionally than many other parts of the country, foreign-born residents are an increasingly important part of the state economy. Since 2010, more than half of the state’s labor force growth has come from foreign-born workers. DEED Developments has details.

Serving Our Customers


Companies are finding trade and business opportunities in Africa. A half-day workshop at DEED on Tuesday will examine how Minnesota companies can best understand markets in South Africa and Tanzania, find opportunities, and manage the challenges of doing business there. Register here for Exploring Trade with South Africa and Tanzania.

Did You Know?

Speed boat

Minnesota ranks fourth in the country for spending on powerboats, engines, trailers and accessories, according to a study by the National Marine Manufacturers Association. The Chicago-based group said sales in the state last year totaled $710 million. The only states where residents spent more on boating equipment were Florida, Texas and Michigan.