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136 Strong Local Economy Articles | Page: | Show All

DataBank expands its local data center footprint

Minneapolis is about to get more connected.
 
DataBank, a colocation firm that's headquartered in Dallas but boasts a significant Minneapolis presence, recently announced that it will expand its footprint here, based on the acquisition of an Edina data center once owned by tech firm VeriSpace.
 
Planned for two phases, and with construction already underway, the expansion will boost the facility's size to about 17,500 square feet, and will include more cooling functionality and uninterrupted power supply features. The project will also involve updates to the office space areas, as well as revamped customer areas where DataBank will maintain client technology.
 
The company acquired VeriSpace in March, as part of an effort to broaden its reach into new markets. DataBank provides managed data center services, with a particular focus on 100 percent uptime availability for data, applications, and equipment.
 
Company CEO Tim Moore notes that the Edina expansion came as a result of customer demand, and that the company worked quickly to meet the need.
 
Although the expansion will add a significant amount of data center space to the city, Moore believes that this is just the beginning when it comes to the company's presence in the Twin Cities.
 
"This expansion only represents the first step in our overall process in this market," he says, "with more to come."
 
Source: Tim Moore, DataBank
Writer: Elizabeth Millard

Two prominent local architecture firms merge, see growth ahead

Minneapolis-based architecture, interiors, and planning firm Architectural Alliance recently merged with smaller-but-prominent design and architecture company 20 Below Studio, also located in Minneapolis.
 
The merger fuses the two firms' client-centered experience for broader capabilities, notes Carey Brendalen, Principal at Architectural Alliance. "This is two strong organizations coming together," he says. "We've worked with different types of clients and we have different capabilities, and now we're leveraging those differences in a complementary way."
 
20 Below, an 8-person firm that's established a strong reputation in interior architecture and design, will partner with Architectural Alliance's 74-member team. The newly joined firms are expected to drive growth, Brendalen says.
 
Architectural Alliance has experience in market segments like aviation, retail, hospitality, and public sector work, and with 20 Below's expertise in interior architecture, growth should come naturally as a result of the combined energy and experience.
 
"Together, we will offer greater reach, creativity, and expertise in the architecture and design market," Brendalen says, adding that such a combination is especially crucial since client needs are becoming more complex. More variables, like the convergence of work and lifestyle needs, require the firms to approach projects in a new way.
 
"It sounds trite, but there's shared value in terms of what we can bring to customers," says Brendalen. "We're excited to see what comes out of the partnership. We think there's beauty here as well as pragmatism."
 
Source: Carey Brendalen, Architectural Alliance
Writer: Elizabeth Millard

Tekne Awards offer new categories for this year's round

Minnesota technology leaders, start your engines.
 
The high-profile Tekne Awards just opened for entries, and five new categories have been added: STEM education and digital learning, healthcare delivery, impact on industry, agricultural technology, and safety and security.
 
Innovative entrepreneurs, organizations, nonprofits, and government agencies will all compete in the award program, now in its 14th year, presented by the Minnesota High Tech Association (MHTA).
 
The state remains at the forefront of cutting-edge technological growth, the MHTA noted, and the robust and growing competition highlights the kind of innovation that's homegrown here, from cleantech to robotics.
 
Last year, winners included Nova-Tech Engineering, Ecolab, Global Traffic Technologies, Maverick Software Consulting, and Sophia Learning. The City of Minneapolis also received an award, for technology excellence in a non-profit organization, getting a nod for an emergency operations training facility that blends digital data and streaming video.
 
This year, the five fresh categories showcase new directions in the state's approach to innovation. STEM education, a hot topic these days, gets its own category for programs that engage K-12 students in applied learning opportunities. Healthcare delivery will award innovation in the area of medical devices, diagnostics, data management, and other areas that improve patient care.
 
"We are watching significant growth in the areas of mobility as well as safety and security and want to make sure the Tekne Awards reflect that," says Andrew Wittenborg, Director of Outreach for MHTA. "At the same time,  we want to recognize and support the collaborative efforts that lead to Minnesota breakthroughs."
 
In addition to its new categories, the awards will feature well-established, competition-rich categories like software, startup, advanced manufacturing, and mobile technologies.
 
Applications for this year's awards will be open until July 15th, and there's no application fee, nor do applicants have to be MHTA members. Finalists will be announced in September, with an award celebration held in November.
 
Source: Andrew Wittenborg, Director of Outreach, Minnesota High Tech Association
Writer: Elizabeth Millard

March events: The Stir, TechFuse, Mobile March, Connect India

The Stir
March 14
Minneapolis City Center Marriott
5:00 pm - 8:30 pm
$75
 
Hosted by the Women's Foundation of Minnesota as a fundraising event for the organization, The Stir is a networking event with dinner and drinks. A keynote from Jacquie Bergland, founder and CEO of Finnegans, will kick off the evening.
 
TechFuse
March 21
Minneapolis Convention Center
8:00 am - 5:00 pm
$349
 
Geared toward IT professionals, TechFuse is now in its sixth year, and going strong with a couple sold-out shows in the past few years. The one-day event covers a range of topics, from app-specific sessions on Windows 2012 and PowerShell v3 to broader discussions on change in professional development and IT as a business.
 
Mobile March 2013
March 21
Earle Brown Heritage Center
6155 Earle Brown Dr., Brooklyn Center
8:00 am - 6:00 pm
$115
 
The popular Mobile March conference should prove especially lively this year since the Twin Cities seems awash in mobile app development. Attendees will hear presentations on topics like game development, user experience, and mobile advertising, as well as case studies of local businesses that have found success in the mobile space.
 
Connect India
March 23
Crowne Plaza, Bloomington
5:00 am - 9:30 pm
$40 - $50, depending on membership
 
Over a sumptuous Indian dinner, attendees at this business event can hear speakers from the Indian-American community discuss their role in the wider economic community. Scheduled to speak are Vikas Narula, creator of Keyhubs, Marie Pillai at General Mills, and Sri Zaheer, Dean at the Carlson School of Management. 

Minnesota exports reach an all-time high

Minnesota exports of agricultural, mining, and manufactured products reached a record $5.1 billion in the third quarter for 2012, up by one percent compared to the same period a year ago.
 
According to figures from the Minnesota Department of Employment and Economic Development (DEED), this marks the eighth straight quarter of record exports in the state. Only three months ago, Minnesota reached an all-time high for a single quarter, when sales peaked at $5.4 billion.
 
Of the three major export categories, manufacturing has the highest sales, and is up by two percent compared to a year ago.
 
Ed Dieter, acting director of the Minnesota Trade Office, says that China and Europe had the biggest export gains recently, with China being especially strong. Dieter notes that sales there are up 16 percent over 2011. Other export areas that showed increases include Taiwan, Canada, Chile, and Australia.
 
In some other markets, sales were down when compared to last year's numbers, particularly for the United Kingdom, South Korea, and Argentina.
 
Given the state's strong biotech and medical device industries, it's not surprising that medical exports should see a big jump. The category increased by 19 percent during the third quarter, led by sales to China, Japan, and Belgium. The full report is available here on the DEED site.
 
Source: Ed Dieter, Minnesota Trade Office
Writer: Elizabeth Millard
 
 

Tekne award winners show breadth of local tech scene

Highlighting technology leaders in the state, the Minnesota High Tech Association (MHTA) announced winners for the 2012 Tekne Awards, handing out top honors to companies like MakeMusic, ReconRobotics, JAMF Software.
 
The award program, now in its 13th year, recognizes innovations from 2011 that impact the lives of Minnesotans, through lifestyle improvement or education. Forty-four finalists were named in fifteen categories. Winners were unveiled at a special event on November 1st.
 
According to MHTA president Margaret Anderson Kelliher, the awards draw attention to the breadth of innovative and competitive technology companies in the state. Greater awareness of the efforts being done here will boost Minnesota's stature as a "silicon prairie" where tech companies can thrive.
 
Fifteen winners show the range of businesses here, and the list includes both large companies like Seagate Technology (winner in the advanced manufacturing category) and smaller companies like Code 42 Software and SparkWeave.
 
Other winners included  PeopleNet, Agosto, GiveMN, OrthoCor Medical, Starkey Hearing Technologies, Imation, and The University of Minnesota Rochester.
 
In addition to showcasing the work of technology-fueled businesses, the awards also honored seven individuals who provided leadership to advance technology and innovation in Minnesota, particularly in state government. The public officials led the effort to consolidate IT services from more than 70 state agencies into a single organization called MN.IT Services.
 
Speaking about all of the awards, Kelliher says, "This year's recipients, once again, raised the bar with the quality and originality of their entries and should be very proud of their accomplishments."
 
Source: Margaret Anderson Kelliher, Minnesota High Tech Association
Writer: Elizabeth Millard

Ad agency Periscope boosts growth through hiring

Creative agency Periscope continues to keep its Human Resources department busy.
 
Following a steady hiring rate in 2011, the agency kept growth strong this year, adding 123 employees as of the beginning of October. That brings the company's total employee count to 475, with the majority of those staffers in the Minneapolis offices.
 
Lori Sharbono, Periscope's VP and Director of Business Development, notes that hiring is a result of robust business development efforts, which added some new clients and expanded some services as well. Loyalty marketing services, retail branding, and increased analytics capabilities have all been put into the agency's existing services mix of content creation, brand development, website creation, media buying, and other capabilities.
 
"It sounds simple and basic but what works for us is to focus on client success," says Sharbono. "We grow our capabilities based on what they need, and we try to stay a step ahead of that. In order to achieve that level of innovation, we focus on bringing in subject matter experts who can provide insight."
 
In addition to its Minneapolis office, Periscope also operates smaller offices in Hong Kong, New Delhi, and Toronto. Most of the new hires this year will be in the local office. Although the growth rate might make it more challenging to keep finding enough office space, it also creates a vibrant culture, Sharbono believes. "We have a very unique culture here, and that's what draws people," she says. "We have commitment to our clients, but we're also committed to creating a fun, lively culture for employees."
 
Source: Lori Sharbono, Periscope
Writer: Elizabeth Millard

Finalists announced for Tekne Awards

Highlighting technology leaders in the state, the Minnesota High Tech Association (MHTA) announced finalists for the 2012 Tekne Awards.
 
The award program, now in its 13th year, recognizes innovations from 2011 that impacted the lives of Minnesotans, through lifestyle improvement or education. Forty-four finalists were named in fifteen categories.
 
The MHTA noted that the state remains at the forefront of cutting-edge technological growth, and the finalists show that the state's technology future is bright indeed, in areas that range from cleantech to robotics to mobile technologies.
 
In the startup category, finalists are Sophia Learning and Sparkweave, while those competing in the software category are Code 42 Software, Savigent Software and Third Wave Systems.
 
Finalists in other categories represent a range of companies, from large firms like 3M and Seagate Technology to smaller businesses like SheerWind, Digineer, and Agosto.
 
The awards are designed to showcase these types of companies, and draw attention to the innovative and competitive companies in the state, according to MHTA president Margaret Anderson Kelliher. They're part of the organization's larger mission to boost education and entrepreneurship along with technology development.
 
"We're very excited about the opportunities available to technology companies here," says Kelliher. "In general, we believe that individuals and companies in the state have more potential than they do challenges. We're proud and happy to support them in any way we can."
 
The Tekne Awards will be presented on November 1st at the Minneapolis Convention Center.
 
Source: Margaret Anderson Kelliher, Minnesota High Tech Association
Writer: Elizabeth Millard
 

Polaris looks toward major expansion and job growth

Just in time for the upcoming snowmobile season, Medina-based Polaris Industries recently broke ground on a major expansion of its research and development facilities in Wyoming, Minn.
 
Doubling the size of its existing facility, the company is creating capacity for about 350 additional jobs, and it's likely to keep up a strong pace of hiring.
 
"The company has had record financial performance for a reason," says Jim Williams, VP of Human Resources. "We have profit sharing at every level, a robust bonus plan, and a super high-energy, positive culture."
 
The sense of collaboration at Polaris draws many candidates, Williams says, and the number of resumes zipping through the HR department can be formidable. Part of the allure is the company's generous policy on borrowing products like all-terrain vehicles, as well as receiving vehicles, accessories, and garments as rewards for good performance.
 
"There's a huge incentive to work here," says Williams. "We have a team made up of power sports enthusiasts, and the culture creates a tremendous amount of pride in the company."
 
That level of loyalty and commitment is driving growth for Polaris, he adds. The company recently announced that its one millionth product rolled off its assembly line in Spirit Lake, Iowa.
 
The new facility in Wyoming should allow the company to stay on its strong growth track and expand product development as well. It shouldn't be too long before Polaris is roaring toward that two millionth product mark.
 
Source: Jim Williams, Polaris
Writer: Elizabeth Millard

W3i prepares for growth by opening Minneapolis office

Anyone searching for an indicator of Minnesota's strong tech growth should take a good look at St. Cloud-based W3i.
 
The company has not only tripled growth for its mobile monetization business within the past year, but it's also nearly doubled its employee numbers, and there's no stopping the momentum now.
 
To keep pace, the company will be opening an office in the Grain Exchange building in Minneapolis, and has recently added space to its headquarters as well. Another office just opened up in San Francisco, too, to attract developers and potential employees in that technology hub.
 
"We're excited about everything that's happening, and the surge in revenue we've seen," says Rob Weber, who co-founded W3i with his brothers, Ryan and Aaron, in 2000. "With the growth in mobile technologies and apps, we're in a hot category, with a platform that's creating a lot of value. It's hard not to be excited when you're in that position."
 
The company helps app developers and publishers make a profit from their apps, through a monetization and distribution system. Services include user acquisition, media buying, and marketing solutions.
 
Particularly well received is the W3i Games Platform, which provides a hosted virtual goods management system. The platform allows developers to add, modify, or delete inventory items and manage their currency online.
 
With all the momentum, W3i is likely to keep its current, robust pace, Weber believes. There are 20 open positions in every functional area of the company, and he anticipates that the business side of W3i will get built out as much as the development side. He says, "All areas are growing here, and we're just doing our best to keep up."
 
Source: Rob Weber, W3i
Writer: Elizabeth Millard

PreciouStatus wins Minnesota Cup

The best breakthrough business idea in Minnesota this year is a mobile application that allows care providers, family members, and loved ones to interact with one another throughout the day.
 
Called PreciouStatus, the app nabbed the top prize at the lively Minnesota Cup competition, beating out over 100 competitors in the high-tech division, and about 1,000 entrepreneurs total. PreciouStatus founder Julie Gilbert-Newrai started the company about a year and a half after her husband was hospitalized with a severe brain hemorrhage when the couple's child was just eight weeks old.
 
"I learned firsthand how difficult communication with loved ones can be during times of crisis," she says. "The more I looked at the system at large, it became obvious how broken it was." She mapped out a tool that could provide real-time updates for those in daycare, eldercare, rehabilitation facilities, schools, and other locations.
 
Using the technology, care providers input updates on activities, medication, mood, and other aspects of care. This allows family members to keep up with what's happening without frequent calls to a facility.
 
This year's Minnesota Cup competition was closely watched, in part because it offered the highest total prize amounts in the Cup's history. One finalist from each division received $25,000 in seed capital ($10,000 in the student division), and runners-up each received $5,000. PreciouStatus will was awarded an additional $40,000 as grand prize winner.
 
"The Minnesota Cup is one venue that tells entrepreneurs to keep going while so many tell you that your business isn't going to work," Gilbert-Newrai says.
 
Source: Julie Gilbert-Newrai, PreciouStatus
Writer: Elizabeth Millard

Minnesota Cup announces division finalists

Now it's down to 19.
 
The eighth annual Minnesota Cup continues to draw attention in announcing the division finalists, whittling the top contenders down to just three companies in each category. The contest features high tech, bioscience and health IT, clean tech and renewable energy, general, and student divisions. Four contenders are competing in the social entrepreneur category.
 
Finalists include OrthoCor Medical, which proposed ideas for noninvasive therapeutic devices to alleviate pain, and PreciouStatus, a mobile application that allows care providers to interact with patients' family members throughout the day.
 
Division finalists will deliver an eight-minute presentation to a panel of judges, and winners will be announced on August 29. The grand prize will be awarded on Sept. 6 at an event held at the University of Minnesota.
 
This year's competition has been closely watched, in part because it offers the highest total prizes in the Cup's history. One finalist from each division will receive $25,000 in seed capital ($10,000 in the student division), and runners-up each receive $5,000. The grand prize winner will get an additional $40,000.
 
Cup co-founder Scott Litman believes that the contest serves as a catalyst for innovation in the state. He notes that selecting the top ideas is always a challenge, since the Cup draws impressive applicants every year. Those who've won in the past or have been finalists went on to attract significant investment, he adds: "Our track record shows the level of intelligent and inspiring entrepreneurs in the state is truly remarkable."
 
Source: Scott Litman, Minnesota Cup
Writer: Elizabeth Millard

September events: Minnesota Cup, Work/Life Expo, Blogger Conference, Food + Justice

Minnesota Cup Final Awards Event
 
September 6
University of Minnesota, McNamara Center
5:00pm - 7:30pm
free
 
One of the liveliest entrepreneurial competitions, the Minnesota Cup has been a source of innovation and fresh ideas since its founding. (Read about this year's finalists here.) In its final awards event, attendees will get to hear elevator pitches from the division winners and hear the announcement of the grand prize winner. The event promises to be an ideal networking opportunity for the state's entrepreneurial community.
 
Work/Life & Flexibility Expo
 
September 13
Minneapolis Marriott Southwest
8:30am - 4:30pm
$50 - $150, depending on registration type
 
As the economy recovers, engaging highly skilled talent will be crucial for all organizations, and employee retention will be vital. This conference offers insight and strategies for building a work environment that attracts the best talent and positions a company for future growth.
 
Minnesota Blogger Conference
 
September 22
Allina Health
Midtown Exchange Building, Minneapolis
9:00am - 5:00pm
free
 
The first Minnesota Blogger Conference, in 2010, was such a success that organizers decided to keep it rolling. The highly popular conference--tickets are released at strategic times, as for a rock concert--will feature speakers who've taken blogging to new levels, including turning their blogs into business opportunities. Last year's sessions also included insights on legal issues, writing topics, and video blogging.
 
Food + Justice = Democracy
 
September 24 - 26
Radisson Plaza Hotel
35 S. 7th St., Minneapolis
Ranges from $85 - $195 depending on registration type
 
A distinctive national meeting, this event brings together food-justice activists with the aim of pushing political leaders to prioritize a fair, just, and healthy food system. Instead of traditional breakout sessions, the meeting features "People's Assembly sessions," connecting attendees with fellow participants in order to craft elements of a national food-justice platform.

BringMeTheNews gets major funding boost, readies for more growth

Online broadcast reporting service BringMeTheNews (BMTN) made some news itself recently, when the company announced that it had raised $3 million in capital from the Shakopee Mdewakanton Sioux Community (SMSC).
 
In announcing the funding infusion, SMSC chairman Stanley Crooks noted that the company is the face of 21st century media since it's local, social, and mobile.
 
The SMSC has been a sponsor of the firm for almost two years, but this major funding boost will help to spark even more growth, according to founder Rick Kupchella.
 
He notes that BMTN has grown to nearly 20 employees, including some notable names in the local news scene. In addition to Kupchella, who's been an Emmy-winning investigative reporter and TV news anchor in the Twin Cities for two decades, BMTN includes other high-profile news reporters and producers like Don Shelby, Eric Perkins, William Wilcoxen, and Amy Hockert.
 
"There's a lot to be proud of with the tremendous growth we've seen in BMTN in just three years," Kupchella notes, adding that the firm has aggressive plans for growth in the next three years.
 
The investment will allow BMTN to enhance the user experience of the site, he says, as well as provide the funding needed for improving the speed and relevance of the content. Also, the company is eyeing additional markets. Already, the news delivery system has been dubbed the top radio newscast in the state by the Society of Professional Journalists, and Kupchella is hoping to bring that expertise and reputation to other areas.
 
Source: Rick Kupchella, BringMeTheNews
Writer: Elizabeth Millard

Angel Tax Credit program continues robust funding for small businesses

The Minnesota Angel Tax Credit Program recently celebrated its second birthday, and boasts some impressive numbers for a two-year-old.
 
Since its launch in July 2010, the program has attracted more than $126 million in private investments for small, entrepreneur-led companies in the state. According to Mark Phillips, Commissioner for the Minnesota Department of Employment and Economic Development (DEED), over 100 businesses have received funding in 2012 alone. Companies attracting the most attention from investors and angel funds tend to be software, biotechnology, and medical device firms.
 
The program has been a tremendous help for promising businesses, Phillips believes. Some of the companies earning funds could be the state's next big high-tech success stories, leading to job growth and a more robust local economy.
 
Run by DEED, the program provides incentives to investors or investment funds, steering them in the direction of putting money into emerging companies, particularly those focused on high-tech endeavors. The Angel Tax Credit gives investors a credit of 25 percent for investments of at least $10,000, and the past few years have shown that plenty of investors are eager to take advantage of that incentive while helping to get innovative companies off the ground.
 
Over two-thirds of $12 million in tax credits allocated for this year have already gone out, Phillips noted, and DEED expects the remaining credits of about $3.3 million to be allocated by the end of August.
 
The program is slated to continue operation through the end of 2014, and if everything works as DEED expects, close to $236 million will have been invested in Minnesota high-tech startups by the time the program ends.
 
Source: Mark Phillips, Department of Employment and Economic Development
Writer: Elizabeth Millard
136 Strong Local Economy Articles | Page: | Show All
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