Economic Gateway http://econdev.greatriverenergy.com Great River Energy News RSS Feed Sun, 19 Aug 2018 04:10:27 -0500 en-US Women collaborating, making strides in their industries together http://econdev.greatriverenergy.com/news/p/item/3929/women-collaborating-making-strides-in-their-industries-together http://econdev.greatriverenergy.com/news Wed, 08 Aug 2018 00:00:00 -0500 Women are playing an increasingly important role in the worlds of commercial real estate and economic development – and they are bringing with them a wealth of knowledge from previous jobs on their career path, as well as the strength of relationships built among each other along the way. Erin Sparks,... Daikin Applied expanding its manufacturing presence in Minnesota http://econdev.greatriverenergy.com/news/p/item/3928/daikin-applied-expanding-its-manufacturing-presence-in-minnesota http://econdev.greatriverenergy.com/news Wed, 08 Aug 2018 00:00:00 -0500 On its journey to become the No. 1 applied HVAC manufacturer in North America, Daikin Applied recently announced its proposal to expand production capabilities with a new state-of-the-art, built-to-order manufacturing facility in southern Minnesota, north of Faribault. Daikin selected Minnesota to host the $40 million project over competing sites in the... Illume to move its headquarters to Maple Grove Business Park http://econdev.greatriverenergy.com/news/p/item/3926/illume-to-move-its-headquarters-to-maple-grove-business-park http://econdev.greatriverenergy.com/news Wed, 08 Aug 2018 00:00:00 -0500 Maple Grove's new 50-acre business park has found an anchor tenant. Illume Holding Co., which produces candles and other personal fragrance products, recently announced plans to consolidate its operations into a 288,000-square-foot facility in the Arbor Lakes Business Park being developed by Duke Realty. Bob Sandberg, vice president of power supply and... Co-ops help strengthen the manufacturing sector http://econdev.greatriverenergy.com/news/p/item/3804/coops-help-strengthen-the-manufacturing-sector http://econdev.greatriverenergy.com/news Wed, 08 Aug 2018 00:00:00 -0500 Manufacturing is critical to a vibrant economy. It helps fuel innovation — for every $1 spent in manufacturing another $1.89 is added to the economy, according to the Bureau of Economic Analysis. East Central Energy (ECE) understands the value of supporting manufacturing. That’s why the cooperative recently approved two loans to... DEED approves job creation funding for five businesses http://econdev.greatriverenergy.com/news/p/item/2472/deed-approves-job-creation-funding-for-five-businesses http://econdev.greatriverenergy.com/news Tue, 31 Jul 2018 00:00:00 -0500 Businesses commit to investing $20.7 million, creating 131 jobs ST. PAUL – The Minnesota Department of Employment and Economic Development (DEED) approved grants totaling nearly $706,000 to support five business expansion projects in Greater Minnesota.  Grants from the Job Creation Fund were approved for projects in Glenwood, Stewartville, Albert Lea, Monticello and Zimmerman.... Rural communities see big returns with broadband access, but roadblocks persist http://econdev.greatriverenergy.com/news/p/item/2471/rural-communities-see-big-returns-with-broadband-access-but-roadblocks-persist http://econdev.greatriverenergy.com/news Mon, 30 Jul 2018 00:00:00 -0500 “For rural America there’s a major struggle to keep people and ideas in these small communities,” said a small town mayor. A contractor building high-end houses in Minneapolis swung by Greg Hull’s sawmill on Friday, a timber operation located in deeply rural Lake County, Minnesota. The builder had seen Hull’s website... Minnesota's youth labor force growing http://econdev.greatriverenergy.com/news/p/item/2469/minnesotas-youth-labor-force-growing http://econdev.greatriverenergy.com/news Mon, 23 Jul 2018 00:00:00 -0500 New numbers from DEED show Minnesota has more teens working during the summer. MINNESOTA - Summer is almost here and that means kids are antsy to get out of school and start having more fun. But many teens will be busy working, some collecting a paycheck for the first time. Through Growing... Optimism grows among Minnesota manufacturers http://econdev.greatriverenergy.com/news/p/item/2468/optimism-grows-among-minnesota-manufacturers http://econdev.greatriverenergy.com/news Fri, 20 Jul 2018 00:00:00 -0500 The state of manufacturing is strong. A full 93 percent of Minnesota manufacturers are financially confident about the future, which is just a hair off last year's high-water mark of 94 percent, according to a recently released survey by Enterprise Minnesota. "There has never been as much energy in manufacturing as there... Growing Minnesota’s food industry http://econdev.greatriverenergy.com/news/p/item/2521/growing-minnesotas-food-industry http://econdev.greatriverenergy.com/news Fri, 20 Jul 2018 00:00:00 -0500 Agriculture and food processing have long been an integral part of Minnesota’s economy. The state’s agriculture and food production industries now account for $57.5 billion in sales and more than 147,000 jobs. Food manufacturers are increasingly harnessing advanced technology to move the industry forward. Two-thirds of the state’s food production companies... Ranking of world's top 1,000 universities puts Minnesota, many from Big Ten in first 50 http://econdev.greatriverenergy.com/news/p/item/2467/ranking-of-worlds-top-1000-universities-puts-minnesota-many-from-big-ten-in-first-50 http://econdev.greatriverenergy.com/news Thu, 19 Jul 2018 00:00:00 -0500 A well-regarded annual ranking of 1,000 of the world’s universities is out, and the University of Minnesota is one of nine Big Ten schools landing among the top 50. The U came in 35th on the list released by the Center for World University Rankings. The center, based in the United Arab Emirates, is... How Minnesota farmers are using different plant varieties, and new techniques, to extend the state's growing season http://econdev.greatriverenergy.com/news/p/item/2466/how-minnesota-farmers-are-using-different-plant-varieties-and-new-techniques-to-extend-the-states-growing-season http://econdev.greatriverenergy.com/news Wed, 18 Jul 2018 00:00:00 -0500 When horticultural and wine scientists at the University of Minnesota apply for funding to research growing grapes in a climate better known for producing soybeans than wine, they often have to answer a common question: Why bother? “We get that pushback when we submit grants all the time,” said Matt Clark,... Survey report suggests Midwest economy still steaming ahead http://econdev.greatriverenergy.com/news/p/item/2465/survey-report-suggests-midwest-economy-still-steaming-ahead http://econdev.greatriverenergy.com/news Tue, 17 Jul 2018 00:00:00 -0500 OMAHA, Neb. — The surging business conditions in nine Midwest and Plains states will be tested by trade conflicts and other factors that could slow growth, an economist said in a survey report issued. The Mid-America Business Conditions Index recorded its highest mark in 14 years last month, hitting 67.3 in... The State of Internet Connectivity in Minnesota’s K-12 Schools http://econdev.greatriverenergy.com/news/p/item/2464/the-state-of-internet-connectivity-in-minnesotas-k12-schools http://econdev.greatriverenergy.com/news Mon, 16 Jul 2018 00:00:00 -0500 96 percent of Minnesota school districts had access to high-speed Internet in their classrooms. Here’s what’s left to do. Ninety-six percent of Minnesota school districts had access to high-speed Internet in their classrooms in 2017. This year, thanks to federal and state funding and local partnerships, we may see every school district... U.S. Treasury approves Minnesota Opportunity Zones http://econdev.greatriverenergy.com/news/p/item/2463/us-treasury-approves-minnesota-opportunity-zones http://econdev.greatriverenergy.com/news Fri, 13 Jul 2018 00:00:00 -0500 128 census tracts in Minnesota to receive the designation ST. PAUL – The U.S. Department of Treasury today approved 128 low-income census tracts in Minnesota to be designated as Opportunity Zones. All of the approved census tracts were recommended to Treasury by Gov. Mark Dayton in April following recommendations from cities, counties and tribal nations.  Opportunity... Minnesota Exports at $5.3 Billion in First Quarter http://econdev.greatriverenergy.com/news/p/item/2462/minnesota-exports-at-53-billion-in-first-quarter http://econdev.greatriverenergy.com/news Thu, 12 Jul 2018 00:00:00 -0500 State companies set record for export sales in a first quarter ST. PAUL – Sales of Minnesota agricultural, mining and manufactured exports soared 9 percent to a first quarter record of $5.3 billion, according to figures released today by the Minnesota Department of Employment and Economic Development (DEED).  The agency said Minnesota businesses... New DEED Pilot Program Offers Interest-Free Loans for Startups http://econdev.greatriverenergy.com/news/p/item/2461/new-deed-pilot-program-offers-interestfree-loans-for-startups http://econdev.greatriverenergy.com/news Wed, 11 Jul 2018 00:00:00 -0500 Minnesota Innovation Loans for Entrepreneurs accepting loan applications through July 16 ST. PAUL – The Minnesota Department of Employment and Economic Development (DEED) is accepting loan applications through a new program designed to help early-stage businesses that are developing high-tech products or services in Minnesota.  Minnesota Innovation Loans for Entrepreneurs (MILE) is a... Agronomy facility gets initial nod: Variance, CUP recommended to town board http://econdev.greatriverenergy.com/news/p/item/2018/agronomy-facility-gets-initial-nod-variance-cup-recommended-to-town-board http://econdev.greatriverenergy.com/news Tue, 10 Jul 2018 00:00:00 -0500 Two hearings marked progress in CHS Prairie Lakes' plan to build a new agronomy facility in Todd Township. At both hearings, CHS requests were questioned by residents of the area near Portage Lake, but township officials recommended approval. The Starbuck-based agricultural service firm, which has operated a facility for 50 years in the... People, power costs keep indoor farming down to Earth http://econdev.greatriverenergy.com/news/p/item/2017/people-power-costs-keep-indoor-farming-down-to-earth http://econdev.greatriverenergy.com/news Mon, 09 Jul 2018 00:00:00 -0500 There’s a budding industry that’s trying to solve the problem of the limp lettuce and tasteless tomatoes in America’s supermarkets. It’s full of technologists who grow crops in buildings instead of outdoors, short-cutting the need to prematurely harvest produce for a bumpy ride often thousands of miles to consumers in colder... Steering students toward manufacturing http://econdev.greatriverenergy.com/news/p/item/2016/steering-students-toward-manufacturing http://econdev.greatriverenergy.com/news Fri, 06 Jul 2018 00:00:00 -0500 Victoria Erickson placed a welding helmet on her head and slid her hands into a pair of safety gloves, eager for her turn to practice soldering at Ridgewater College. “I love it,” she said after she finished. Erickson, 15, a sophomore at LeSueur-Henderson High School, began learning about welding this past year... LAKE COUNTRY POWER SELECTS CONTRACTOR TO BUILD NEW SERVICE CENTER IN COHASSET http://econdev.greatriverenergy.com/news/p/item/2015/lake-country-power-selects-contractor-to-build-new-service-center-in-cohasset http://econdev.greatriverenergy.com/news Thu, 05 Jul 2018 00:00:00 -0500 Lake Country Power has selected Hawk Construction, a Grand Rapids area contractor, to lead construction of the electric cooperative’s new service center in Cohasset, Minn. The co-op will break ground on the $11.2 million project later this spring. Hawk Construction provided the lowest bid for the 68,000-square-foot facility. All bids came... Schara joins WCI as marketing coordinator http://econdev.greatriverenergy.com/news/p/item/2014/schara-joins-wci-as-marketing-coordinator http://econdev.greatriverenergy.com/news Wed, 04 Jul 2018 00:00:00 -0500 West Central Initiative welcomes Rick Schara as its new marketing coordinator. He will work primarily on WCI’s Live Wide Open regional marketing campaign, helping businesses, communities, counties and organizations promote reasons for people to live and work in west-central Minnesota. Schara previously worked for the Minnesota Department of Employment and Economic... Market value up in county http://econdev.greatriverenergy.com/news/p/item/2013/market-value-up-in-county http://econdev.greatriverenergy.com/news Tue, 03 Jul 2018 00:00:00 -0500 The overall estimated market value of Aitkin County is showing its first substantial increase since the 2008 assessment. “This is good for a stable real estate market,” said Assessor Mike Dangers. The Certificates of Real Estate Value (CRV) is filed with the state each time a real property sale of $1,000... MLEC’s Zelenak: ‘Focus is on safety, efficiency, community’ http://econdev.greatriverenergy.com/news/p/item/2012/mlecs-zelenak-focus-is-on-safety-efficiency-community http://econdev.greatriverenergy.com/news Mon, 02 Jul 2018 00:00:00 -0500 The annual meeting of the Mille Lacs Energy Cooperative (MLEC) at Eddy’s Mille Lacs Lake Resort was attended by 93 members. Minnesota Senator Carrie Ruud attended the meeting briefly, as did David Saggau, CEO of Great River Energy (GRE). GRE is the wholesale supplier of electricity to the cooperative, which... 2019 Final Four to bring $142M, 94,000 visitors to Twin Cities, analysis claims http://econdev.greatriverenergy.com/news/p/item/2011/2019-final-four-to-bring-142m-94000-visitors-to-twin-cities-analysis-claims http://econdev.greatriverenergy.com/news Fri, 29 Jun 2018 00:00:00 -0500 Event at U.S. Bank Stadium in 2019 will attract 94,000 visitors — and their wallets.  The economic impact estimate is in for the 2019 Final Four at U.S. Bank Stadium, so let the debate begin. The number is $142 million. “We didn’t want the biggest number, we wanted the most credible number,” Final... Gov. Dayton Submits Opportunity Zone Recommendation to U.S. Treasury http://econdev.greatriverenergy.com/news/p/item/2010/gov-dayton-submits-opportunity-zone-recommendation-to-us-treasury http://econdev.greatriverenergy.com/news Thu, 28 Jun 2018 00:00:00 -0500 128 census tracts in Minnesota recommended for Opportunity Zone designation Gov. Mark Dayton recommended to the U.S. Department of Treasury 128 low-income census tracts in Minnesota to be designated as Opportunity Zones. Opportunity Zones are a new economic and community development program established by Congress in the Tax Cut and Jobs Act of 2017 to encourage long-term...