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In the News
Minneapolis the Hottest Economy in the Country
City the city's low unemployment, high wages, the presence of Fortune 500 companies, and a multitude of "Best of" rankings, news outlet CNBC recently named Minneapolis the hottest economy in the country. The "Big Money" video segment can be found online.
Minnesota Among Best States to Own a Business
Governing Magazine reported the results of a recent survey by Thumbtack.com and the E.M. Kauffman Foundation ranking the most (and least) business-friendly states in the country and found Minnesota ranked 11th overall. The state received an A- grade for overall business friendliness, marking an improvement over its B grade in 2012.
Entrepreneur of the Year Finalists Announced
Ernst & Young LLP announced the finalists for its Entrepreneur of the Year award in the Upper Midwest region. Minneapolis-based companies included are Code 42 Software, Gardner Builders, and JAMF Software. Award winners will be announced at a special gala event in June at the Minneapolis Marriot City Center.
Local Baker is SBA's "Person of the Year"
Peter Kelsey, owner of New French Bakery, was named the U.S. Small Business Administration's "Person of the Year" for Minnesota. The growing bakery employers over 400 people at its two Minneapolis locations and distributes fresh bread to 150 Minnesota customers and other customers in all 50 states.
2013 SBA "Emerging Leaders" Named
The U.S. Small Business Administration announced the participants of its 2013 Emerging Leaders program, including four Minneapolis companies:
- Alexander's Import Auto Repair - Dan Swanson
- Manny's Tortas - Manny Gonzales
- Riverview Café and Wine Bar - David Bernick
- Satoree Design - Heidi Pierce
Steller Hair Coming to 945 Broadway Street NE
A new salon, Steller Hair Company, is expected to open soon at 945 Broadway Street NE. Owners Katie (Steller) and Michael Schultz are experienced stylists who have spent the past few years as instructors at the Aveda Institute. With the help of CPED's Small Business Technical Assistance Program, the pair has worked with WomenVenture to fine-tune their business plan, find a location, and secure the financing to open their new business.
What's New at CPED?
Employers to Hire Over 800 STEP UP Interns
Minneapolis employers have stepped up to hire trained and motivated Minneapolis youth through the STEP UP program. Over 150 employers will be hiring over 800 STEP UP interns this summer, demonstrating their forward-thinking investment in training their future workforce. Major STEP UP employers include HealthPartners, U.S. Bancorp, Wells Fargo, and Hennepin County Medical Center.
A Sample of New and Expanding Businesses
- Katar River Restaurant & Bakery
- Sport Ngin, software developer
- Clancy's Market, deli
- Calabrio, software developer
To have your business or program featured in What’s New?, please contact Kristin Guild.
Last updated May. 7, 2013