The GREATER MSP Quarter 2 - 2015 Economic Update shows current economic indicators and data, new collateral tools and videos, as well as additional economic information.
Record employment continues across the region as the unemployment rate remains below 5.0% for the third consecutive month. Find out more in our new Employment Update
The GREATER MSP Quarter 1 - 2015 Economic Update shows current economic indicators and data, new collateral tools and videos, as well as additional economic information.
The GREATER MSP Quarter 3 - 2015 Economic Update shows current economic indicators and data, new collateral tools and videos, as well as additional economic information.
Lawton-Fort Sill EDC Press Release Silver LineNicole Bucher
Silver-Line Plastics, a manufacturer of plastic pipe products, announced a major expansion of its Lawton, Oklahoma manufacturing facility that will double the size of the current plant and add more production lines. The expansion will create around 20 new jobs and increase the facility's workforce to 80 people. It is expected to result in capital investments of up to $10 million over the next five years and increase the company's annual payroll to approximately $3.5 million. Several local economic development organizations worked together with Silver-Line to make the expansion possible.
St. Louis unemployment held steady at 5.6 percent this month as the number of job seekers kept pace with employment. The number of employed workers continues to be at post-recession highs.
The Cincinnati metro enjoyed strong jobs growth by recently adding 19,300 payrolls, year-over-year, bringing total non-farm employment to 1.03 million. Meanwhile, unemployment rose 1.2 percent from the previous month to 5.5 percent, equal that of the national level.
Record employment continues across the region as the unemployment rate remains below 5.0% for the third consecutive month. Find out more in our new Employment Update
The GREATER MSP Quarter 1 - 2015 Economic Update shows current economic indicators and data, new collateral tools and videos, as well as additional economic information.
The GREATER MSP Quarter 3 - 2015 Economic Update shows current economic indicators and data, new collateral tools and videos, as well as additional economic information.
Lawton-Fort Sill EDC Press Release Silver LineNicole Bucher
Silver-Line Plastics, a manufacturer of plastic pipe products, announced a major expansion of its Lawton, Oklahoma manufacturing facility that will double the size of the current plant and add more production lines. The expansion will create around 20 new jobs and increase the facility's workforce to 80 people. It is expected to result in capital investments of up to $10 million over the next five years and increase the company's annual payroll to approximately $3.5 million. Several local economic development organizations worked together with Silver-Line to make the expansion possible.
St. Louis unemployment held steady at 5.6 percent this month as the number of job seekers kept pace with employment. The number of employed workers continues to be at post-recession highs.
The Cincinnati metro enjoyed strong jobs growth by recently adding 19,300 payrolls, year-over-year, bringing total non-farm employment to 1.03 million. Meanwhile, unemployment rose 1.2 percent from the previous month to 5.5 percent, equal that of the national level.
After adding 8,300 jobs, industrial employment posted its best annual gain since 2011. Durable goods continues to pace manufacturing jobs, gaining double the level of non-durable goods employment. Manufacturing employment has now increased for 14 consecutive months.
The document provides an employment update for the St. Louis metro area. It includes charts showing total jobs, unemployment rates, job growth by sector, and office and industrial employment trends over time. Statistics are presented for total non-farm employment, unemployment rates, job counts by supersector, and industry employment distribution in St. Louis. Brief summaries of expansions and contractions at local companies such as Boeing, KPMG, Monsanto, and SunEdison are also included.
Jobs growth among Cleveland’s industrial employment sectors has been subdued over the last year, recording an annualized net gain of 1,900 jobs or 49 basis points.
Minneapolis–St. Employment Update | November 2015Carolyn Bates
The local labor force has declined slightly since July’s peak, but year-over-year numbers show an increase of over 35,000 non-farm jobs since September 2014.
As is typically the case, MSP’s office-using sectors dominated the hiring by taking 45.9 percent of the 12-month total employment growth while the industrial sectors accounted for 2.3 percent of the annual growth.
Industrial employment sectors have experienced modest employment expansion over the last year, recording an annualized net gain of 3,100 jobs across the metro. Employment gains were led by the mining, logging and construction sector, which added 3,100 jobs year-over-year.
This is the First Quarter 2012 employment report for Boyle County, Kentucky, compiled from employment data monitored by the Boyle County Industrial Foundation.
The document summarizes the current economic influences on the US construction industry and provides an outlook for 2010 and 2011. It notes modest GDP and income gains but weak office, retail, and warehouse occupancy. State and local budget shortfalls have led to deeper spending cuts. While $135 billion in construction-related stimulus funding was approved, delays in spending occurred due to new program designs and lack of agency personnel. The outlook predicts a 10-15% decline in total construction spending for 2010 with modest materials cost increases, but a return to growth of 3-7% in 2011 if stimulus funds are fully deployed and private nonresidential activity increases.
Minneapolis–St. Paul Employment Update | July 2016Carolyn Bates
This year has been filled with milestones for the Minneapolis-St. Paul economy, and once again the metro has achieved its largest ever employment count and labor force: 1.91 million and 1.97 million, respectively.
Additionally, this month marked Minneapolis-St. Paul’s peak employment in professional and business services, a fundamental component to the metro’s economic growth. Over 4 thousand jobs have been added month-over-month, an impressive gain after an addition of 8,500 jobs last month.
At the national level, June saw 287,000 net new jobs added to the U.S. labor market, a return to healthy growth after a weak May that saw gains revised downward to just 11,000 jobs. This is the highest monthly figure in eight months and will be reassuring to decision makers such as the Federal Reserve.
High-performing markets across the U.S. have seen and expect further slowdowns in the rate of job growth as employers run up against talent shortages–a challenge that is especially pertinent to Minneapolis-St. Paul.
The document provides an economic update for the counties of Davis, Weber, and Utah. It summarizes population and employment growth between 2000-2008, with Davis County experiencing a population growth rate of 2.8% and Weber County at 1.9%. Unemployment claims increased sharply from 2008 to 2009. The construction, manufacturing, and trade/transportation industries saw job losses over this period. Housing permits and construction values declined significantly from January to June 2009 compared to the previous year.
The document summarizes Fayette County's current economic climate, including job growth and losses, population trends, and the state of the retail, office, and industrial markets. It notes that while new jobs have been announced and some companies have expanded, there have also been major layoffs. Unemployment is at a record high as the housing market has collapsed, with housing permits and values dropping sharply. The retail market remains stable with a high occupancy rate despite a large amount of space per person. The office market has grown significantly in terms of space but buildings remain relatively small, while the industrial market has seen little new construction but existing space is leasing well.
The document discusses recent trends in the industrial real estate and employment markets in Detroit. It states that absorption has been positive for the past two years, pulling vacancies down and allowing the recovery to play out as auto industry production increases. Demand growth favors large, modern facilities, and fewer move-outs will lead to continued tightening of vacancies. Industrial employment in Detroit increased by 31,400 jobs over the past year, led by gains in manufacturing. Several companies in the Detroit area are expanding their industrial facilities and operations due to growing demand.
The Cincinnati metro area added 19,300 jobs over the past year and unemployment rose slightly to 5.5%. The office employment sector gained 6,800 jobs, led by professional and business services adding 6,200 jobs. Total US jobs increased by 126,000 in March, below forecasts. Cincinnati's economy is growing, with expected job growth of 2% and nearly 21,000 new jobs in 2015. Several Cincinnati businesses are expanding, including Northwestern Mutual Life Insurance, RoundTower Technologies, and Startek USA.
The Cincinnati metro continued its steady expansion by recently adding 14,400 payrolls, year-over-year, bringing total non-farm employment to 1.04 million. Meanwhile, unemployment fell 1.2 percent to 4.8 percent from the previous year.
Office employment sectors contracted over the last year, recording an annualized net loss of 600 jobs. Professional and business services was the only office-using supersector to post employment gains, adding 2,200 jobs, year-over-year
JLL Columbus Office Employment Update May 2015Andrew Batson
Cost containment remains key for most tenants in the Columbus office market as many businesses continue to operate with lean workforces. Real estate is generally the second largest expense after personnel, so tenants closely monitor office space and look for ways to consolidate. The government and professional/business services sectors historically account for the largest portions of occupied office space in Columbus. While the metro area continues expanding and adding jobs, the office employment sector contracted over the last year with a net loss of 600 jobs except for a gain in professional and business services.
This document summarizes employment and business trends in the St. Louis region. It reported that the St. Louis unemployment rate declined to 5.6% in June 2015 and total non-farm employment increased by 1.4% over the last year. Several local companies like LockerDome and Mid America Logistics are expanding their operations and hiring more employees. Meanwhile, Answers Corporation laid off 100 workers and Mallinckrodt Pharmaceuticals' sale of a division affected 50 local jobs. Overall, the professional services, leisure and hospitality sectors saw strong job growth while information and other services contracted.
The Cincinnati metro enjoyed strong jobs growth by recently adding 21,700 payrolls, year-over-year. Total non-farm employment now sits at 1.05 million. Meanwhile, unemployment fell 20 basis points from the previous month to 4.1 percent.
Industrial employment sectors have experienced substantial employment expansion over the last year, recording an annualized net gain of 32,200 jobs across the metro.
Industrial employment sectors have experienced substantial employment expansion over the last year, recording an annualized net gain of 32,200 jobs across the metro.
After adding 8,300 jobs, industrial employment posted its best annual gain since 2011. Durable goods continues to pace manufacturing jobs, gaining double the level of non-durable goods employment. Manufacturing employment has now increased for 14 consecutive months.
The document provides an employment update for the St. Louis metro area. It includes charts showing total jobs, unemployment rates, job growth by sector, and office and industrial employment trends over time. Statistics are presented for total non-farm employment, unemployment rates, job counts by supersector, and industry employment distribution in St. Louis. Brief summaries of expansions and contractions at local companies such as Boeing, KPMG, Monsanto, and SunEdison are also included.
Jobs growth among Cleveland’s industrial employment sectors has been subdued over the last year, recording an annualized net gain of 1,900 jobs or 49 basis points.
Minneapolis–St. Employment Update | November 2015Carolyn Bates
The local labor force has declined slightly since July’s peak, but year-over-year numbers show an increase of over 35,000 non-farm jobs since September 2014.
As is typically the case, MSP’s office-using sectors dominated the hiring by taking 45.9 percent of the 12-month total employment growth while the industrial sectors accounted for 2.3 percent of the annual growth.
Industrial employment sectors have experienced modest employment expansion over the last year, recording an annualized net gain of 3,100 jobs across the metro. Employment gains were led by the mining, logging and construction sector, which added 3,100 jobs year-over-year.
This is the First Quarter 2012 employment report for Boyle County, Kentucky, compiled from employment data monitored by the Boyle County Industrial Foundation.
The document summarizes the current economic influences on the US construction industry and provides an outlook for 2010 and 2011. It notes modest GDP and income gains but weak office, retail, and warehouse occupancy. State and local budget shortfalls have led to deeper spending cuts. While $135 billion in construction-related stimulus funding was approved, delays in spending occurred due to new program designs and lack of agency personnel. The outlook predicts a 10-15% decline in total construction spending for 2010 with modest materials cost increases, but a return to growth of 3-7% in 2011 if stimulus funds are fully deployed and private nonresidential activity increases.
Minneapolis–St. Paul Employment Update | July 2016Carolyn Bates
This year has been filled with milestones for the Minneapolis-St. Paul economy, and once again the metro has achieved its largest ever employment count and labor force: 1.91 million and 1.97 million, respectively.
Additionally, this month marked Minneapolis-St. Paul’s peak employment in professional and business services, a fundamental component to the metro’s economic growth. Over 4 thousand jobs have been added month-over-month, an impressive gain after an addition of 8,500 jobs last month.
At the national level, June saw 287,000 net new jobs added to the U.S. labor market, a return to healthy growth after a weak May that saw gains revised downward to just 11,000 jobs. This is the highest monthly figure in eight months and will be reassuring to decision makers such as the Federal Reserve.
High-performing markets across the U.S. have seen and expect further slowdowns in the rate of job growth as employers run up against talent shortages–a challenge that is especially pertinent to Minneapolis-St. Paul.
The document provides an economic update for the counties of Davis, Weber, and Utah. It summarizes population and employment growth between 2000-2008, with Davis County experiencing a population growth rate of 2.8% and Weber County at 1.9%. Unemployment claims increased sharply from 2008 to 2009. The construction, manufacturing, and trade/transportation industries saw job losses over this period. Housing permits and construction values declined significantly from January to June 2009 compared to the previous year.
The document summarizes Fayette County's current economic climate, including job growth and losses, population trends, and the state of the retail, office, and industrial markets. It notes that while new jobs have been announced and some companies have expanded, there have also been major layoffs. Unemployment is at a record high as the housing market has collapsed, with housing permits and values dropping sharply. The retail market remains stable with a high occupancy rate despite a large amount of space per person. The office market has grown significantly in terms of space but buildings remain relatively small, while the industrial market has seen little new construction but existing space is leasing well.
The document discusses recent trends in the industrial real estate and employment markets in Detroit. It states that absorption has been positive for the past two years, pulling vacancies down and allowing the recovery to play out as auto industry production increases. Demand growth favors large, modern facilities, and fewer move-outs will lead to continued tightening of vacancies. Industrial employment in Detroit increased by 31,400 jobs over the past year, led by gains in manufacturing. Several companies in the Detroit area are expanding their industrial facilities and operations due to growing demand.
The Cincinnati metro area added 19,300 jobs over the past year and unemployment rose slightly to 5.5%. The office employment sector gained 6,800 jobs, led by professional and business services adding 6,200 jobs. Total US jobs increased by 126,000 in March, below forecasts. Cincinnati's economy is growing, with expected job growth of 2% and nearly 21,000 new jobs in 2015. Several Cincinnati businesses are expanding, including Northwestern Mutual Life Insurance, RoundTower Technologies, and Startek USA.
The Cincinnati metro continued its steady expansion by recently adding 14,400 payrolls, year-over-year, bringing total non-farm employment to 1.04 million. Meanwhile, unemployment fell 1.2 percent to 4.8 percent from the previous year.
Office employment sectors contracted over the last year, recording an annualized net loss of 600 jobs. Professional and business services was the only office-using supersector to post employment gains, adding 2,200 jobs, year-over-year
JLL Columbus Office Employment Update May 2015Andrew Batson
Cost containment remains key for most tenants in the Columbus office market as many businesses continue to operate with lean workforces. Real estate is generally the second largest expense after personnel, so tenants closely monitor office space and look for ways to consolidate. The government and professional/business services sectors historically account for the largest portions of occupied office space in Columbus. While the metro area continues expanding and adding jobs, the office employment sector contracted over the last year with a net loss of 600 jobs except for a gain in professional and business services.
This document summarizes employment and business trends in the St. Louis region. It reported that the St. Louis unemployment rate declined to 5.6% in June 2015 and total non-farm employment increased by 1.4% over the last year. Several local companies like LockerDome and Mid America Logistics are expanding their operations and hiring more employees. Meanwhile, Answers Corporation laid off 100 workers and Mallinckrodt Pharmaceuticals' sale of a division affected 50 local jobs. Overall, the professional services, leisure and hospitality sectors saw strong job growth while information and other services contracted.
The Cincinnati metro enjoyed strong jobs growth by recently adding 21,700 payrolls, year-over-year. Total non-farm employment now sits at 1.05 million. Meanwhile, unemployment fell 20 basis points from the previous month to 4.1 percent.
Industrial employment sectors have experienced substantial employment expansion over the last year, recording an annualized net gain of 32,200 jobs across the metro.
Industrial employment sectors have experienced substantial employment expansion over the last year, recording an annualized net gain of 32,200 jobs across the metro.
The GO-EDC 2009-2010 Annual Report outlines their mission to create a diversified and sustainable economy in Owensboro, KY through business attraction, strategic long-term development, and serving as a primary contact for companies. Key activities included targeted business attraction in sectors like manufacturing, professional services, and technology; developing a business accelerator and innovation center; and workforce development programs to transition from production to technical jobs. The report provides statistics on economic growth and job creation in various industries from 2001-2008.
JLL Cincinnati Office Employment Update May 2015Andrew Batson
The office employment sector continued its streak of strong jobs growth, posting an annual net gain of 5,500 jobs according to the latest data from the BLS.
The office employment sector continued its streak of strong jobs growth, posting an annual net gain of 5,500 jobs according to the latest data from the BLS.
JLL Cincinnati Office Employment Update May 2015Andrew Batson
The Cincinnati metro area added 14,400 jobs year-over-year bringing total employment to 1.04 million, while unemployment fell to 4.8%. The office sector added 5,500 jobs with professional and business services leading with 5,900 new jobs. Meanwhile, the government sector lost 2,100 jobs. Nationally, nonfarm employment increased by 223,000 in April and unemployment decreased to 5.4%, the lowest since May 2008.
St Louis office employment update | April 2015Blaise Tomazic
A surge in the labor force caused the St. Louis unemployment rate to spike 60 basis points from the previous months to 6.0 percent. This is still an improvement of 150 basis points from the previous year. The labor force increased by 3.4 percent year-over-year; its largest change since 1995 and an encouraging sign that more workers are available in the local labor force.
Cincinnati JLL Industrial Employment Update February 2015cybrooks
Cincinnati’s industrial sector enjoyed strong growth as seen in the latest data from the BLS, with all supersectors enjoying year-over-year employment gains. Trade, transportation and utilities fared best, adding 3,800 jobs annually. Following closely behind, manufacturing and mining, logging and construction posted annual net gains of 2,900 and 2,500 new jobs, respectively. Meanwhile, other services trailed the pack, adding 1,100 jobs, year-over-year.
The Cincinnati metro continued its steady expansion by recently adding 20,000 payrolls, year-over-year, bringing total non-farm employment to 1.06 million. Meanwhile, unemployment fell 80 basis points year-over-year to 4.1 percent.
The document provides a summary of Bartlett & West's CareerBuilder job posting performance over several months and recommendations to improve performance. Key points include:
- Views per job and applications per job are lower than industry averages
- Nearly 70% of the company's website traffic in one month came from CareerBuilder job postings
- Recommendations include using premium job branding to attract more candidates and applications
The document provides capital investment amounts and corresponding numbers of jobs created for 34 projects totaling $1.36 billion in capital investment and 7,205 jobs created. It also lists the agenda for an ACA Board Meeting covering welcoming remarks, executive appointments, discussions on Arizona's economy and competitiveness, and closing remarks. The meeting aims to advance Arizona's economic future through strategic private sector engagement and coordination between industry leaders and government.
The Twin Cities gained nearly 32,000 jobs in 2014 and continues to have the lowest unemployment rate among U.S. metro areas with at least one million residents.
Similar to GREATER MSP Regional Economic Updates - Quarter 2 | 2015 (20)
Indira awas yojana housing scheme renamed as PMAYnarinav14
Indira Awas Yojana (IAY) played a significant role in addressing rural housing needs in India. It emerged as a comprehensive program for affordable housing solutions in rural areas, predating the government’s broader focus on mass housing initiatives.
AHMR is an interdisciplinary peer-reviewed online journal created to encourage and facilitate the study of all aspects (socio-economic, political, legislative and developmental) of Human Mobility in Africa. Through the publication of original research, policy discussions and evidence research papers AHMR provides a comprehensive forum devoted exclusively to the analysis of contemporaneous trends, migration patterns and some of the most important migration-related issues.
Bharat Mata - History of Indian culture.pdfBharat Mata
Bharat Mata Channel is an initiative towards keeping the culture of this country alive. Our effort is to spread the knowledge of Indian history, culture, religion and Vedas to the masses.
Presentation by Julie Topoleski, CBO’s Director of Labor, Income Security, and Long-Term Analysis, at the 16th Annual Meeting of the OECD Working Party of Parliamentary Budget Officials and Independent Fiscal Institutions.
This report explores the significance of border towns and spaces for strengthening responses to young people on the move. In particular it explores the linkages of young people to local service centres with the aim of further developing service, protection, and support strategies for migrant children in border areas across the region. The report is based on a small-scale fieldwork study in the border towns of Chipata and Katete in Zambia conducted in July 2023. Border towns and spaces provide a rich source of information about issues related to the informal or irregular movement of young people across borders, including smuggling and trafficking. They can help build a picture of the nature and scope of the type of movement young migrants undertake and also the forms of protection available to them. Border towns and spaces also provide a lens through which we can better understand the vulnerabilities of young people on the move and, critically, the strategies they use to navigate challenges and access support.
The findings in this report highlight some of the key factors shaping the experiences and vulnerabilities of young people on the move – particularly their proximity to border spaces and how this affects the risks that they face. The report describes strategies that young people on the move employ to remain below the radar of visibility to state and non-state actors due to fear of arrest, detention, and deportation while also trying to keep themselves safe and access support in border towns. These strategies of (in)visibility provide a way to protect themselves yet at the same time also heighten some of the risks young people face as their vulnerabilities are not always recognised by those who could offer support.
In this report we show that the realities and challenges of life and migration in this region and in Zambia need to be better understood for support to be strengthened and tuned to meet the specific needs of young people on the move. This includes understanding the role of state and non-state stakeholders, the impact of laws and policies and, critically, the experiences of the young people themselves. We provide recommendations for immediate action, recommendations for programming to support young people on the move in the two towns that would reduce risk for young people in this area, and recommendations for longer term policy advocacy.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Presentation by Rebecca Sachs and Joshua Varcie, analysts in CBO’s Health Analysis Division, at the 13th Annual Conference of the American Society of Health Economists.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
The Antyodaya Saral Haryana Portal is a pioneering initiative by the Government of Haryana aimed at providing citizens with seamless access to a wide range of government services
3. Real Estate
MSP Commercial
Real Estate
Q2 – 2015 Q1 – 2015 1 Quarter
Change
Q2 – 2014 1 Year Change
Office Vacancy Rate 14.5% 14.6% -0.1% 14.7% -0.2%
Office Rental Rate
(Sq. Ft.)
$13.33 $12.94 3.1% $12.42 7.3%
Industrial Vacancy
Rate
8.4% 8.5% -0.1% 9.1% -0.7%
Industrial Low-High
Quoted Rates (Sq.
Ft.)
$4.73 - $9.10 $5.29 – $8.90 - $4.59 - $9.08 -
MSP Housing April
2015
May
2015
1 Month %
Change
June
2014
1 Year %
Change
Housing
Starts/Authorized
Building Permits
566 653 0.0% 692 -0.2%
Source: Collier’s Market Reports
Source: U.S. Department of Commerce; U.S. Census Bureau; Federal Reserve Bank, St. Louis Branch
4. Project Completions – Year To Date
2015 Goal
Visits Q1 + Q2
Advanced
Manufacturing
HQ & Business
Services
Health & Life
Sciences
Food & Water
Finance & Insurance
Other
Q1 Jobs (949)
Q2 Jobs (2,893)
% still needed
(1,183)
$0.00 $550M
5. Quarter 2 Project Completions
Uponor Corporation, Apply Valley: $18M in Capital Investment; 82 New Jobs, 6 Retained
Uponor Corporation is expanding their Apple Valley location, spending $18M and creating 82 new jobs. GREATER
MSP helped the city complete the incentive applications for the Minnesota Department of Employment and
Economic Development (DEED).
Rahr Malting Co., Shakopee: $68.3M in Capital Investment; 28 New Jobs, 154 Retained Jobs
Rahr Malting Corporation is one of Minnesota’s longest-standing family businesses, Rahr manufactures malt and
distributes ingredients for the brewing and beverage industry worldwide. Rahr Corporation’s expansion plans
include the construction of four new facilities: a malt house, pilot brewery and technical center, maintenance
warehouse, and distribution center. New parking, green space, ponding and other site improvements will occur, as
well.
Post Holdings Inc., Lakeville: 250 Jobs Retained, 150 New Jobs
Post Holdings Inc. selected Lakeville for the cereal division headquarters. They will use former MOM brand offices
preventing a relocation to the east coast.
Spectro Alloys Corp, Rosemount: $7M in Capital Investment; 25 New Jobs
The Midwest’s largest aluminum recycling plant will add state of the art machinery and equipment to sort and
process pure metal. Spectro Alloys plans to take this process and equipment nationwide.
Renewal by Anderson, Cottage Grove: $38M Capital Investment; 200 Jobs
Renewal by Anderson is planning a $38 million expansion of their Cottage Grove facility, which currently employs
approximately 450 workers. This project is expected to create more than 200 new full-time jobs. The Cottage Grove
expansion will receive an award from the Minnesota Investment Fund of $50oK and $1.5M from the Minnesota Job
Creation Fund, if the company meets hiring and investment goals.
6. Quarter 2 Project Completions
Amazon, Shakopee: $230M in Capital Investment; 1,200 New Jobs
Amazon selected Shakopee for a 850,000 square-foot fulfillment center. The expansion will create about 1,200 jobs.
SterilMed Inc., Brooklyn Center: $250K in Capital Investment; 11 New Jobs
SterilMed is implementing a “preclean” operation in the Brooklyn Center “Receiving” facility. This new operation will
eliminate the need to preclean surgical devices in some 1,500 hospitals across the country and consolidate that
activity in Brooklyn Center.
BioSig, Golden Valley: $50K in Capital Investment; 12 New Jobs
Medical device company BioSig Technologies Inc. is moving its headquarters from Los Angeles to Golden Valley,
where it plans to hire about a dozen new workers. BioSig makes an electrophysiology recording system physicians
use to diagnose abnormal heart rhythms and picked the MSP region largely because of its strong med-tech
workforce.
Ally Servicing, Inc., Shoreview: $6.5M in Capital Investment; 250 New Jobs, 150 Retained Jobs
Ally Financial Inc., a leading financial services company, is consolidating its Twin Cities operations in Shoreview,
moving 150 jobs from their Roseville and Bloomington offices and adding 250 jobs over two years. The company
plans to invest $6.5M in the project and will receive $648,301 in funding from the Minnesota Job Creation Fund once
Ally completes hiring and investment commitments.
Prime Therapeutics, Mendota Heights: $8M Capital Investment; 375 New Jobs
Prime Therapeutics plans to hire 375 workers in Minnesota over the next three years in 70,000 of newly leased space
in an existing Mendota Heights facility. The new jobs being created by the company will include pharmacists and
clinical review assistants.
8. Quarter 2 - Rankings
• Minneapolis became the first U.S. city on the world bike-friendly list.
o Copenhagenize Design Company’s Index of the most bike-friendly cities in the
world
• Minneapolis Ranked the healthiest city in America
o Livability
• Minnesota Ranked 2nd
best state for recent grads
o RealtorMag
• Minneapolis Ranked the most literate city
o Central Connecticut State University
• Minneapolis/St. Paul ranked America’s 2nd
greenest cities
o Travel and Leisure
• Minnesota ranked 2nd
best state for working moms
o WalletHub
• Minnesota ranked the 3rd
best state for a summer road trip
o WalletHub
• Minneapolis ranked best city for book lovers
o The Culture Trip
• Minneapolis ranked best metro area to work for a small business
o WalletHub
• Minneapolis ranked the 6th
best foodie town in the U.S.
o The Daily Dish