In the News
 At the University of Minnesota, launching a new company is one of several ways that breakthrough research can move beyond the lab to benefit the public. But finding the right leader, with the right experience, to bring these new technologies to market can be difficult.
A new network comprising 11 Midwest university technology transfer offices aims to address this leadership gap. Midwest Executives-on-Roster (XOR), a software platform launched recently, will broaden universities’ access to experienced entrepreneurial talent and help match that talent to university startups in need of executive management.
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 The Metropolitan Economic Development Association (MEDA) recently graduated the first 16 participants in its Mini MBA program for minority entrepreneurs.
The Mini MBA program is a seven-month course that teaches owners better management skills, how to gain access to capital and how to network to find new business. Some of the topics covered in the program include finance, statistics, supply chain, management, fundamental accounting, and other areas of business.
Entrepreneurs who went through the first program saw their business revenue climb an average of 43 percent. MEDA will host an information session for its next class in early October.
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Recent Press Releases
Minnesota employers added 11,200 jobs in July, according to
seasonally adjusted figures from DEED. With those gains, the state
has added 31,800 jobs over the past three months, which is the third-highest
number of new jobs over a three-month span dating back to 1990. The
state’s seasonally adjusted unemployment rate fell to 3 percent in July, the
lowest level since June 2000. The Minnesota unemployment rate has been at or
below 4 percent for four consecutive years.
Recent Blog Posts
The Innovation Voucher Award Program provides $5,000 to $25,000 awards to help small businesses purchase technical assistance and services necessary to advance research, development or commercialization of new or innovative products and services. Recipients must provide a cash match equal to 50 percent of the award. For example, a business that receives the maximum award of $25,000 must contribute $12,500. The DEED Developments Blog has more details.
Serving Our Customers
DEED's new Thriving in the North economic development website has everything you need to know about growing a business in Minnesota.
Learn about the state's top industries, talented workforce and high quality of life. Find out why Minnesota consistently ranks among the top states for business climate, technology, innovation, infrastructure, and research and development. Get contact information for business services representatives in every region of the state.
Thriving in the North is Minnesota's one-stop shop for starting, moving or expanding a business in Minnesota. Take a look and see for yourself what it has to offer.
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