DEED Roundup – April 9, 2018

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April 9, 2018

DEED in the News

Biotech Innovator Rebiotix Bought by Swiss Drugmaker
Minneapolis Star Tribune-4/5/18

Lab technician working at Rebiotix

Rebiotix, a biotech startup based in Roseville, was acquired by Ferring Pharmaceuticals in a deal that closed last week. The startup is in a race to develop the first approved microbial therapy derived from human waste to treat serious infections from the bacterium Clostridium difficile. No local changes are planned. Founded in 2011, Rebiotix has 45 employees and has raised $30 million so far from investors who took advantage of DEED's Angel Tax Credit Program. 

New DEED Official to Focus on Diverse Communities
Finance and Commerce-4/5/18

Kolu Wilson headshot

A new assistant commissioner at DEED hopes to continue forging a culture of awareness and investment in diversity at the agency. Kolu Wilson, who joined DEED in 2016 as director of the Office of Economic Equity and Opportunity, has been promoted to assistant commissioner for the office, replacing Karen Francois, who is taking a job with Ramsey County. “What I hope we can continue is to be a consistent agent of change,” she said.

Broadband can be Life or Death for Rural Areas
Mankato Free Press-4/5/18

Bill Coleman says the presence or absence of dependable, speedy broadband service is now the key to rural Minnesota's success or failure. "Even the smallest manufacturer now requires a fiber connection before they'll move to a location," said Coleman, owner of Community Technology Advisors, during a recent meeting of local leaders in North Mankato. Coleman said DEED, Region Nine, the federal government and the Blandin Foundation are leading providers of broadband expertise or financial assistance.

Recent Press Releases

Illume Holding Co. Adding Jobs in Maple Grove

Home fragrance and personal care products company Illume Holding Co. said it will invest nearly $10.6 million in Maple Grove. Illume will move to a new 288,000-square-foot leased facility in the Arbor Lakes Business Park. Along with the move, the company plans to add 85 jobs within two years paying wages averaging $22.21 an hour.

Recent Blog Posts

Two people chatting

Career fair season has arrived, and now is a good time to think about how these events can help you land a job. Career fairs offer a great opportunity to connect with employers. Those connections could lead to a job interview and expand your network. Don’t underestimate the power of networking: Eighty-five percent of jobs are filled through networking, according to one study. Read more at

Did You Know?

Two women in a meeting ranked Minneapolis-St. Paul third on its list of best cities for startups in 2018, behind San Francisco and Austin, Texas. The business products and services website said the Twin Cities had a remarkable 121.3 percent increase in employment at startups in the past five years, higher than any city on the top 10 list. Another plus: Minnesota’s tech pay is almost twice as high as the average state wage, according to the website.