DEED in the News
MinnPost - 12/11/18
A product development and manufacturing company moving to Savage will receive hundreds of thousands of state dollars to support their business expansion. Hydra-Flex Inc., a chemical dispensing and nozzle company that specializes in carwash products, will receive a $300,000 loan through the Minnesota Investment Fund to assist with their move from Eagan to a larger space in Savage.
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Since 2003, Minnesota’s Scott County Association for Leadership and Efficiency (SCALE) has proved that amazing things happen when people leave their silos and work together for the common economic good. Proof? How about a 60.5 percent growth in population (U.S. Census Bureau) over 16 years and a 26.7 percent growth rate in new jobs (DEED – LAUS).
Mediacom Communications announced it has built more than seven miles of fiber optic cable connecting the homes and businesses of Fountain to its Fillmore County broadband network. By mid-December, Mediacom will activate the new portion of its network to deliver advanced telecommunication services, including robust one-gigabit-per-second internet speeds that are up to 40 times faster than the minimum broadband definition set by the Federal Communications Commission (FCC).
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Recent Press Releases
DEED has partnered with Minneapolis law firm Gray Plant Mooty to publish “A Legal Guide to Privacy and Data Security 2019. This privacy guide is intended to inform businesses of legal issues related to privacy and data security. Written for non-lawyers, this is the fourth time Gray Plant Mooty and DEED have collaborated to publish and distribute the privacy guide.
The Minnesota Public Facilities Authority (PFA) recently approved $27.3 million loan to the city of Minneapolis to rehabilitate its water filter plant in Fridley. The funding will come in the form of a loan from the Drinking Water Revolving Fund and will support the second round of rehabilitation at the plant. The 16-year-loan is estimated to save $3,450,059 over the cost of market-rate financing.
Recent Blog Post
The CareerOneStop.org team at DEED won three awards from different organizations recognizing their work on CareerBot, the artificial intelligence chatbot designed to help users of the CareerOneStop website find exactly what they are looking for without needing to learn the site’s web layout. Find out more on the DEED Developments blog.
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