In the News
Latest Minnesota Stories
St. Cloud, Foley Businesses Receive $600,000 in State Grants for Downtown Projects
August 18, 2025 – KNSI
“The Greater St. Cloud Development Corporation has approved over $600,000 in state grants for five downtown improvement projects across St. Cloud and Foley ... the projects will help create jobs and boost tax revenue while making downtown areas more attractive."
Gov. Walz, DEED announce $12 million in funding for workforce development
August 13, 2025 – KAAL
“... It’s part of the State Drive for 5 program which provides competitive grants to provide workforce training and job placement in five high growth industries: caring professions, education, manufacturing, technology, [and the] trades."
DEED Awards $1.6 Million for Eight Contamination Cleanup and Investigation Projects
August 13, 2025 – Red Lake Nation News
“... The grant program helps awarded communities fund the assessment and cleanup of contaminated sites for private redevelopment, covering up to 75% of the costs of removing contamination at approved polluted sites."
Wadena Area Child Care celebrates grand opening with ribbon cutting ceremony
August 12, 2025 – Wadena Pioneer Journal
“The new center marks a significant step in bringing expanded child care options to the community."
DEED awards True North Goodwill $444K contamination clean-up grant
August 12, 2025 – Northern News Now
“... DEED awarded $444,620 in cleanup funding to the Duluth Economic Development Authority for an 8.81-acre site that is currently contaminated with lead, arsenic, benzo(a) pyrene and high pH soils. The site ... will be redeveloped into a 61,000-square-foot Goodwill resource and training center."
Wabasha to receive funds for cleanup project
August 12, 2025 – KTTC
“Wabasha is set to receive funds to clean up a property tainted with petroleum and other contaminants ... $91,672 of that will go toward a roughly half-acre site to develop a 50-unit affordable apartment building in Wabasha. The property had previously housed an auto repair shop, gas station and machine shop."
“Pivotal” funding secured for Mankato housing project addressing homelessness
August 8, 2025 – KEYC-TV
“The city of Mankato has received a grant ... funds will be used to excavate the contaminated soil ... which is slated to become a 40-unit apartment complex to address homelessness."
Minnesota ranked 8th among the top 10 states for sustainability
July 2025 – Site Selection
“… our rankings reveal the territories cultivating the most fertile environment for a sustainability-oriented economy, based on a unique index incorporating ... factors"
Minnesota ranked 10th in the top states for business in 2025
July 11, 2025 – CNBC
CNBC scored all 50 states on 135 metrics in 10 broad categories of competitiveness.
Oppidan breaks ground on new data center in Minnesota
June 16, 2025 – Institutional Real Estate, Inc.
Oppidan Investment Co., a national property development firm headquartered in Excelsior, Minn., has broken ground on a 61,000 square-foot data center on Argenta Trail in Eagan, Minn, one of only two ground-up data center projects underway in Minnesota."
Medtech startup Fastwave secures $50M, eyes commercial launch of rupture-resistant IVL system
May 22, 2025 – Minne Inno
"… Based in Brooklyn Park, Fastwave is a clinical stage startup that is developing intravascular lithotripsy (IVL) systems to treat calcific arteries in both peripheral and coronary diseases …"
State DMC Corp. board approves $8 million for development of shared lab space
May 22, 2025 – Post Bulletin
"A shared lab to attract new and emerging medical research companies is being planned with up to $8 million in Destination Medical Center investment …"
Alpheus Medical raises $52M for innovative brain cancer treatment
May 15, 2025 – Minne Inno
"… Chanhassen-based Alpheus Medical Inc. announced the oversubscribed Series B financing round …"
Rochester startup wants to use technology to bring hope to dementia patients
May 3, 2025 – Post Bulletin
"Mayo Clinic geriatrician Dr. Christina Chen, the founder of the award-winning Hope Technologies startup company based in Rochester, is working on a way to improve the day-to-day lives of patients dealing with dementia …"
Neighborhood Development Center unveils $26M hub
May 2, 2025 – Minneapolis/St. Paul Business Journal
"… The new 30,000-square-foot building aims to support entrepreneurs of color who seek to scale their existing businesses in sectors like technology, health, wellness and beauty."
Francis Medical lands $80M in quest to conquer prostate cancer
January 10, 2025 – Twin Cities Business
"The Maple Grove-based company plans to use the money to fund a clinical trial and to hire more employees … The money will enable Francis Medical to expand its current staff of 40 employees to 71, largely for roles in research and development, sales, and marketing …"
Minnesota med-tech coalition partners with Dutch investor that aims to establish base in MN
February 20, 2025 – Minneapolis/St. Paul Business Journal
"Minnesota MedTech 3.0 (MMT3.0) and Dutch investor NLC Health Ventures have partnered to connect medical-technology startups and funding companies in America and the Netherlands …"
Wearable gut health monitor startup raises $18 million
November 5, 2024 – Minne Inno
"… Alimetry, a New Zealand company whose U.S. headquarters is in Minneapolis, raised a round of $18 million led by Global from Day One, an investment firm also based in Auckland, New Zealand ..."