Required Letter of Intent Due: Not fewer than thirty (30) days prior to the application deadline.
What does this program do?
This program provides loan guarantees up to $250 million to assist in the development, construction and retrofitting of new and emerging technologies. These technologies are: advanced biofuels, renewable chemicals and biobased products.
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John Schwanke knows his family-owned manufacturing company is not the sexiest of trades.
Another company has a nagging problem with a product, and Lakeview Industries solves it. Two parts squeaking together? The Carver company makes a foam cushion. Leaking fluids? Lakeview makes a rubber gasket. Too much vibration, or too wea...Continue Reading
The Minnesota Department of Employment and Economic Development (DEED) has awarded $681,000 in grants to Alexandria, the Duluth Airport Authority and Elbow Lake.
“These grants will create jobs and expand economic development opportunities in the Greater Minnesota communities receiving these grants,” said DEED Commissioner Steve Grove. “This is an important investmen...Continue Reading
The coronavirus pandemic has left hundreds of U.S. manufacturers examining how to bring at least some of their operations and real estate footprints home.
Nearly two-thirds of North American manufacturers say they are likely to bring production and sourcing back to the continent, a new survey by industrial data and tech company Thomas shows. The company surveye...Continue Reading
Great River Energy plans to replace coal with low cost renewables and market energy purchases
Great River Energy announced plans today to transform its portfolio of power supply resources in the coming years, significantly reducing member-owner wholesale power costs. The electric cooperative plans to phase out remaining coal resources, add significan...Continue Reading
As many Minnesotans are forced to work and learn from home during the coronavirus pandemic, the state Senate on Monday, May 4, unanimously voted to create a $20 million grant program to expand rural broadband access.
Out of a $20 million pot -- most or all of which legislators hope t...Continue Reading
The Minnesota Department of Employment and Economic Development (DEED) awarded nearly $3.8 million to redevelop 10 sites in eight different cities throughout Minnesota.
Redevelopment projects made possible through the grants are expected to create 141 new jobs and retain 440 jobs while providing more than 400 new housing units.
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The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.
SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
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The U.S. food supply chain may be the most reliable in human history - until something goes wrong.
And for Mike Patterson, a hog farmer near Kenyon in Goodhue County, things are going very wrong very quickly.
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USDA’s Under Secretary for Farm Production and Conservation Bill Northey and Deputy Under Secretary for Rural Development Bette Brand today held a joint announcement to provide guidance from the respective agencies on the resources provided in the Paycheck Protection Program and Health Care Enhancement Act (HR.266) recently passed by Congres...Continue Reading
The Minnesota Department of Employment and Economic Development (DEED) today announced $247,000 in Launch Minnesota Innovation Grants to 11 of the state’s most promising, innovative and scalable technology startups.
In this third round of Launch Minnesota Innovation Grants, 12 grants were awarded to 11 different companies: eight grants for business operation...Continue Reading
Zup’s Food Market in Cook will reopen next month after being fully reconstructed following a fire in November 2018. The lone grocery store in the Cook area serves thousands of rural Minnesota residents located within an 80-mile vicinity, making it an essential service any time and especially during the COVID-1...Continue Reading
U.S. Department of Agriculture (USDA) Deputy Under Secretary Bette Brand today announced that USDA has received 172 applications requesting $1.57 billion in the second round of the ReConnect Pilot Program. The applications seek funding to provide or upgrade rural broadband service across 41 states.
“Ensuring that residents, businesses and health care provider...Continue Reading
Three weeks from today, on the eve of the Fishing Opener, Minnesota resort owners near and far from the Twin Cities will swing open their cabin doors and hope people show up.
Already many of these small-business operators have developed new ways to clean their cabins, sell bait from their shop...Continue Reading
More than $1 billion in federal relief money has arrived for Minnesota state government to use toward its response to the coronavirus outbreak.
The money was received Wednesday, Gov. Tim Walz's office said, and represents half of what Minnesota is so far slated to receive from the federal Coronavirus Relief Fund.
Google says it will review its spending on data center infrastructure as part of a broader cost management initiative related to the COVID-19 pandemic, the company said yesterday.
Chief Executive Officer Sundar Pichai disclosed the moves in an email to staff, which was first reported by Bloomberg.
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USDA and its Federal partners have programs that can be used to provide immediate and long-term assistance to rural communities affected by the COVID-19 outbreak. These programs can support recovery efforts for rural residents, businesses and communities through:
• technical, training, and management assistance;
• financial assistance; and
• state and local assistance.
The supply of goods – or lack thereof – has become a burning issue amid restrictions aimed at slowing the spread of COVID-19. From surgical masks to empty grocery-store shelves, supply shortages have highlighted weaknesses in how goods are sourced, distributed and where they’re stored.
While managing these risks has always bee...Continue Reading
Industrial real-estate operators expect the disruption of consumer supply chains caused by the coronavirus pandemic to drive a new surge in warehousing demand.
Warehouse developers now helping some retail and logistics customers secure additional storage space as lockdowns trigger an upheaval in consumer buying patterns believe the rapid adjustments will giv...Continue Reading
The pandemic is lending greater urgency to efforts aimed at reviving the flagging U.S. industrial base in response to global supply chain disruptions.
Government initiatives aimed at reviving U.S. manufacturing were already underway when the coronavirus effectively knocked out distribution channels linking Chinese manufacturers and U.S. consumers. For example, the Defense Department’...Continue Reading
COVID 19 is similar but not the same as a hurricane. The differences between COVID 19 and a hurricane are in scale, scope, and length. Both events have dramatic personal impacts on human safety and economic security, but a hurricane hits one area while COVID 19’s target is everywhere. ...Continue Reading
The rapid global spread of the COVID-19 virus has left businesses frantically looking for viable solutions to protect employees and consumer health and presents tough choices for business leaders. The coronavirus has desperately affected the business community and, in particular, the supply chain.
For example, here in South Carolina, the Por...Continue Reading
Coal-fired power plants across the United States shut down in 2019 at the second-fastest pace on record. According to the U.S. Energy Information Administration (EIA), plants with a combined total of more than 15,100 megawatts ceased operating nationwide last year — enough to power 15 million homes, and second onl...Continue Reading
Blessed. That’s how Mark Kolsrud, senior vice president with Colliers International, describes being part of the largest commercial real estate transaction in Minnesota history.
That transaction, of course, is CSM Corporation’s sale of 7 million square feet of industrial real estate in Minneapolis/St. Paul and Denver. A total of 5.7 million square feet o...Continue Reading