[UPDATED] PRM Sues DEED & GreaterMSP Over Withholding Of Amazon HQ2 Bid

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Updated 8/13: PRM has added GreaterMSP to an amended lawsuit on multiple counts while DEED still maintains it “never collected, received, maintained or disseminated the unsuccessful proposal that is the subject of the complaint.”

“Minnesotan’s deserve to know…” Ehling told Minnesota Lawyer in a recent article.

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Why Is DEED Trying To Put Minnesota’s Tech Entrepreneurs Into Debt?

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Minnesota’s Department of Employment and Economic Development aka DEED recently launched a new debt financing program targeting local early stage tech entrepreneurs called Minnesota Innovation Loans for Entrepreneurs (MILE).

“We want to encourage the development of tech in Minnesota and want to provide opportunities for entrepreneurs to commercialize technology that they have developed or licensed here,” says agency spokesperson Shane Delaney about the initiative.

Which makes surface ense, given DEED’s mandates, though one can’t help but speak up at the notion that the State’s top economic developer is actually encouraging and incentivizing early stage entrepreneurs to go into debt!?

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How Two Local Tech Companies Are Turning The Public’s Money Into Their Private Profits

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By Amanda Ostuni, Twin Cities Business

“The Minnesota Department of Employment and Economic Development (DEED) has awarded more than $560,000 total in grants to four businesses in four separate cities. The funds will come from DEED’s Job Creation Fund with an expectation that the projects will create 49 new jobs.

The grants will go toward expansion projects for Stoneridge Sofware, Inc.. in Barnesville; Modern Automotive Performance in Cottage Grove; Vickerman Company in Norwood Young America; and Cantilever Bridge Distillery LLC in Ranier.”

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

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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.”

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Broadband Group Wants Another $35 Million In Corporate Welfare

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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.”

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Searching For Minnesota’s Amazon Bid

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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.

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DEED Gives Millions In Public Money To Private Biz For 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 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.”

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Welfare Watch: September 2017

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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.

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