Small Business Bulletin - January 2020

Small Business Bulleting

January 2020


In the News

Grove Stresses Innovation

Grove stresses innovation in workforce development

Finance and Commerce - 1/13/20

Steve Grove believes one of the top things Minnesota needs to do to grow its economy is to embrace disruption. So it’s fitting that he’s started with the agency he oversees.

Minnesota State’s SBDC to host a ‘Consulting Cafe’ in New Ulm

KEYC Mankato - 1/29/20

The Small Business Development Center (SBDC) at Minnesota State University, Mankato, in partnership with the City of New Ulm, is scheduled to host a “Consulting Cafe” from 10 to 11:30 a.m. on Feb. 8 at the New Ulm Public Library. The Consulting Cafe will allow emerging start-ups and existing business owners to meet with various SBDC business consultants.

A Map of all the funded broadband projects is available on the DEED website.

Walz announces $23 million in rural broadband grants

Duluth News Tribune - 1/21/20

 Gov. Tim Walz on Tuesday, Jan. 21, announced that nearly 11,000 homes, businesses and institutions in 30 communities across Minnesota will receive state and local funds to build broadband infrastructure, thanks to the state Department of Employment and Economic Development.


Recent Press Releases

DEED Awards Launch Minnesota Innovation Grants to 20 Minnesota Startups

DEED has awarded over $672,000 in Launch Minnesota Innovation Grants to 20 technology startups throughout the state. These grants require a one-to-one match with private dollars, bringing the total potential investment in these startups to over $1.3 million.

Minnetronix Medical expands in St. Paul

DEED Funding Supports Minnetronix Medical Expansion in St. Paul

Minnetronix Medical is planning its fourth expansion since moving to St. Paul’s Energy Park Drive in 2000. The 2020 project will increase the company’s footprint from 120,000 square feet to 140,000 square feet, with a plan to grow to 170,000 square feet by 2023. The expansion will accommodate the company’s expected addition of 75 jobs within three years at an average wage of $25.94 an hour.


Did You Know?

Minneapolis was ranked 9th best metro area for STEM Careers by WalletHub.  The data website looked at things ranging from wages, number of available jobs and quality of life to make their list of Best & Worst Metro Areas for STEM Professionals.

  Minneapolis 9th best city for STEM proffesionals