DEED Doles Out $34 Million For Rural Broadband

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Via News Release

“ST. PAUL, MN – Lt. Governor Tina Smith and the Department of Employment and Economic Development (DEED) today announced grants totaling $34 million for 42 broadband infrastructure projects that will provide 16,627 households, 2,240 businesses, and 71 community institutions across Minnesota access to reliable, affordable high-speed internet. The new state funding will help level the playing field for households and businesses in Greater Minnesota by providing them access the same opportunities available to urban area residents. Governor Dayton and Lt. Governor Smith secured the $34 million to expand high-speed internet access during the 2016 Legislative Session, after first proposing a $100 million investment.”

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Dallas-Based Stream Data Centers To Develop $250m Chaska Site For U.S. Bank

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screen-shot-2016-12-21-at-9-39-42-amBy Matt Johnson, Finance and Commerce

“Minneapolis-based U.S. Bank will start building a $250 million data center in Chaska this spring to add information storage to the bank’s computer network.

The bank, whose parent company’s assets exceed $450 billion, will get at least $835,000 in grants and abatements from the state of Minnesota and Chaska to pay for the center. Officials say the public aid was worth keeping the project from going to another state.”

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The State With the Highest Rate of Internet Usage May Surprise You

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screen-shot-2016-11-15-at-11-21-36-amBy Nina Zipkin, Entrepreneur.com

“The three U.S. states with the largest populations are California, Texas and New York. So you might think that given sheer geographic area, the population density of metropolitan centers such as New York City, Los Angeles and Houston, or the presence of Silicon Valley that one of these states would have the greatest proportion of internet users. However, that isn’t the case.”

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LocaLoop Is Raising $2m For ‘4G In A Box’

Screen Shot 2016-09-01 at 11.51.40 AMSt. Louis Park’s LocaLoop is offering $2m in convertible debt, with $50k sold, according to this SEC disclosure.

Led by Swedish immigrant, Founder/CEO Carl Johan Torarp,  LocaLoop provides an integrated 4G broadband internet business solution for data communication throughout rural geographies.

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US Internet’s High-Speed Rollout Snags On Minneapolis Park Board

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By Adam Belz, Star Tribune

US Internet’s gradual expansion of its fiber optic network across south Minneapolis has run into a roadblock: the Minneapolis Park Board.   The firm expects to offer its cheap, fast alternative to Comcast and CenturyLink to neighborhoods north of Lake Hiawatha later this year, and now expects to reach the Mississippi River some time in 2017.

However, Park Board commissioners won’t let the small Internet service firm dig under parkland, preventing the firm from moving south of Minnehaha Creek, going southwest of Lake Harriet or connecting homes that face the parkway.”

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Eden Prairie Hardware Venture MAX4G Raises Another Million Plus

MAX4GEden Prairie network hardware venture MAX4G has raised another $1m as part of a $3m round that commenced in June.

CEO Vladimir Kelman initiated MAX4G in 2008 after the buyout of a previous company, NextNet Wireless, by Clearwire in 2004 (and again by Motorola in 2006).

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DEED Doles Out $11.5m Subsidy For Broadband In Rural Minnesota

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Via News Release

St. PAUL – Lt. Governor Tina Smith and the Minnesota Department of Employment and Economic Development (DEED) today announced that $11 million in grants have been awarded for projects to expand broadband access in 15 Greater Minnesota communities. Lt. Governor Smith made the announcement at the Blandin Foundation’s “Border to Border Broadband: Better Together” Conference.”

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Comcast Teams Up With PCs For People On Minnesota’s Broadband Gap

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By Julio Ojeda-Zapata, St. Paul Pioneer Press

“Comcast has positioned itself as an Internet-access savior for thousands of Twin Cities low-income households that were about to lose their low-cost online service from other providers.

Comcast, the Twin Cities’ dominant Internet provider, is teaming up with PCs for People, a St. Paul-based nonprofit that has supplied about 14,000 metro-area homes with affordable Internet access.”

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Colorado’s Zayo Group Opens A Second Data Center In Minnesota

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BOULDER, Colo.–(BUSINESS WIRE)–zColo, the data center and colocation business of international bandwidth infrastructure provider Zayo Group Holdings, Inc. (NYSE: ZAYO), today announced it has opened a new colocation site located at the 511 Building data center in downtown Minneapolis, Minnesota. The new site will provide Internet and content companies with a secure, carrier-neutral facility for interconnectivity options.”

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Eden Prairie Hardware Startup MAX4G Raising $3m Round

Eden Prairie hardware startup Max4G is seeking to raise $3m in private investment with $650k closed, according to this SEC disclosure document.

Started in 2008 and brought to life in 2011, MAX4G provides high performance non line of sight networks for small cell 4G deployments in dense environments where fiber or microwave backhaul isn’t feasible.

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