Proto Labs Gets Corporate Welfare Money From Taxpayers For Brooklyn Park Building

sourced

Categories

Via News Release

“ST. PAUL – Custom manufacturer Protolabs Inc. will invest $29.9 million to expand to a new site in Brooklyn Park.

The Maple Plain-based company has purchased a 152,000-square-foot building in Brooklyn Park and plans to add another 50,000 square feet to the structure. The investment also includes additional manufacturing equipment to support anticipated future growth. Company officials said they will move their CNC machining operations from Plymouth to the new site, while retaining the Plymouth facility for their injection molding operations.”

Read More »

DEED Gives Taxpayer Money To Help Atomic Data Train & Hire People

sourced

Categories

Via News Release

“MINNEAPOLIS — Summit Academy OIC and Atomic Data, a Minneapolis-based IT as a service company, today announced a new public-private partnership called “Summit Tech” to diversify the region’s information technology workforce and help address workforce shortage issues.”

Read More »

Broadband Group Wants Another $35 Million In Corporate Welfare

sourced

Categories

By Jessie Van, Berkel Star Tribune

“Minnesota spent tens of millions of dollars expanding high-speed broadband internet in recent years, but nearly $1.4 billion in public and private investment is still needed to get access to all households, according to a state task force report.”

Read More…

Searching For Minnesota’s Amazon Bid

sourced

Categories

By Matt Ehling and Mike Kaszuba, Public Record Media

“Four months after Amazon announced plans to build a second corporate headquarters – setting off a nationwide competition – Minnesota has concealed its Amazon bid through the use of a nonprofit whose board includes representatives of many of the state’s top companies.

Read More…

DEED Gives Millions In Public Money To Private Biz For Broadband

sourced

Categories

Via News Release

“ST. PAUL, MN – Lt. Governor Tina Smith and the Department of Employment and Economic Development (DEED) today announced the 2017 Border-to-Border Broadband Grant recipients. The grants total $26 million for 39 broadband infrastructure projects that will provide 9,973 households, 2,169 businesses, and 60 community institutions across Minnesota access to reliable, affordable high-speed internet.”

Read More »

Welfare Watch: September 2017

sourced

Categories

Screen-Shot-2017-02-04-at-9.19.04-AM-300x239Welfare Watch is a regular column for the individuals, nonprofit and private companies in Minnesota’s tech industry that receive government (read: taxpayer) financial support—whether directly or indirectly.

This corporate welfare includes: tax incentives/abatement, grants/loans, reimbursements, subsidy, sponsorship, special favors, etc.

Read More »

Digi-Key To Add 1,000 Jobs Over Decade As Part Of Welfare Package

sourced

Categories

Neal St. Anthony, Star Tribune

Digi-Key Electronics, the electronic-components distributor, broke ground late last week on a $200 million expansion project at its Thief River Falls, Minn., headquarters campus that it says will add “at least” 1,000 new jobs within a decade.”

Read More…

Tech Giant IBM Is Suing Minnesota For Denying $33m In Tax Credits

sourced

Categories

Brian Bakst, MPR

“IBM is seeking more than $33 million from the state of Minnesota over research tax credits the company says it was due.  In a lawsuit filed Wednesday against the Minnesota Department of Revenue, the New York-based technology giant contends that it qualified for more research tax credits than it was granted for a span of a few years.”

Read More…

Post Navigation