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Minnesota in the News

Wabash to move entire refrigerated division to Little Falls

August 6, 2022 – Morrison County Record
“Wabash National is prepared to undergo an even bigger expansion and make a larger investment in the area than what was presented just a few months ago...”

Cirrus unveils painting addition to Duluth facilities

July 15, 2022 – Business North
"Cirrus Aircraft has opened the latest addition to its Duluth manufacturing plant – a 16,000 square foot painting facility that will increase employment by 50 persons. With the expansion, Cirrus will have 86,000 square feet of painting space . . ."

Minnesota firm Stimdia raises $16.1 million to help wean patients off ventilators

July 12, 2022 – Mine Inno
“Stimdia Medical Inc., a University of Minnesota spinout that's engineering technology to wean patients off ventilators, raised $16.1 million in a recent funding round …”

Free-to-restaurants food-delivery startup Froogle raises $500K from Traction Capital

July 11, 2022 – Mine Inno
“… Zimmerman, Minn.-based Froogle works much like other delivery companies, such as DoorDash Inc. or Uber Eats. Unlike those services, which charge commission fees to restaurants, Froogle is free for restaurants to use …”

Wiha Tools paving the way for new facility

July 8, 2022 – Monticello Times
"A longtime Monticello tool maker is planning to build a new manufacturing facility of the north side of Monticello … The project will add 41 new jobs to the existing 61-employee workforce …"

Mille Lacs Band gets over $3 million in federal funding for tribal business incubators

June 30, 2022 – Minneapolis/St. Paul Business Journal
"… The grant is expected to create 75 jobs and generate $2 million in private investment for the Mille Lacs Band …"

Digital recovery platform Kyros launches following $4.4M round led by Rally Ventures

June 28, 2022 – Minne Inno
"The Minneapolis-based company developed a free mobile app that gives patients, customized support by helping hit milestones, share their success and get access to services..."

Minneapolis tech company creates performing arts streaming platform

June 27, 2022 – Star Tribune
"Pennant allows theaters groups, orchestras and artists to charge for access to live-streamed events and premium previously-recorded content … Pennant is a spinout of Minneapolis-based website and app design company Bust Out …"

Humanetics lands $5.1 million to expand options for nuclear fallout drug

June 21, 2022 – Minne Inno
"The $5.1 million deal with the U.S. Department of Defense (DOD) will go towards a new formulation of Humanetics' Bio 300 drug, which is designed to combat acute radiation sickness that soldiers and civilians can suffer following a nuclear attack."

Invenshure launches oncology-focused biotech company, eyes $30 million funding round

June 14, 2022 – Minne Inno
"The Minneapolis-based medical incubator launched MEKanistic Therapeutics, a biotechnology company developing oncology treatments."

Firm aims to boost ‘green steel’

May 23, 2022 – Finance & Commerce
"A newly established company aims to support the growing efforts of decarbonizing the steel industry with its recent purchase near Grand Rapids. MagIron closed on its acquisition of Plant 4, where the company will support the electric arc furnace method of steelmaking …"

Minnesota Food and Ag Companies Investing in Recycling Plant

May 23, 2022 – Twin Cities Business
"Several members of the MBOLD food and ag coalition are providing millions of dollars to help build a new plastics recycling facility in Rogers..."

Top 50 Public Companies in MN

May 22, 2022 – Star Tribune
"Minnesota's largest companies are bigger this year. The top five on the Star Tribune 50 each had double-digit revenue gains in 2021..."

Rochester company patents 'digit' design to help people who have lost fingers

May 22, 2022 – Pioneer Press
"Limb Lab co-founder Brandon Sampson...and co-founder Marty Frana recently were issued [a patent] for their innovative design of a 'universal digit' for clients who have lost a finger."

Minnesota biotech firm Vyriad raises $29.5 million for cancer-fighting viruses

May 17, 2022 – Minne Inno
"...the Rochester-based company will use the funding to develop pipeline technology used to treat more types of cancer..."

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