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California Med-Tech Firm Lands $625K to Expand in Minnesota

With financial help from the state of Minnesota, Silk Road Medical is opening an office in Plymouth.
Silk Road Medical sells stents that are used in the treatment of carotid artery disease.
Silk Road Medical Inc.
Minnesota is lending hundreds of thousands of dollars to a California company to expand its presence here.
On Wednesday, the Minnesota Department of Employment and Economic Development (DEED) announced that it’s providing $625,000 in financial assistance to Sunnyvale, Calif.-based Silk Road Medical Inc. The med-tech firm will use the funds to establish an office in Plymouth, where it expects to add nearly 70 jobs, according to DEED. ....

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Nu-Tek BioSciences building $40 million peptone factory in Austin

Nu-Tek BioSciences building $40 million peptone factory in Austin
startribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from startribune.com Daily Mail and Mail on Sunday newspapers.

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First of its kind facility breaks ground in Austin

First of its kind facility breaks ground in Austin
kaaltv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kaaltv.com Daily Mail and Mail on Sunday newspapers.

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Minnesota: Building What Matters In The Land Of The Lakes

The Minnesota Investment Fund is turbocharging growth in the thriving medical device and biotech sectors in the Land of the Lakes. ....

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Council to consider tax abatement, forgivable loan to help restart Duluth paper mill

Following a proposed conversion, ST Paper expects to employ at least 80 people at the Duluth mill.
Written By: Peter Passi
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A Verso Corp. employee moves a stack of logs at the company s Duluth paper mill on the morning of June 18, 2020. (Tyler Schank / News Tribune)
An incentive package designed to help jumpstart Verso Corp. s idled Duluth paper mill is headed to the City Council Monday night.
ST Paper has been negotiating to purchase the mill and convert it to tissue paper production at an anticipated cost of about $54 million. If councilors approve, the city is prepared to abate up to $600,000 in future property taxes to be paid by ST Paper and offer the company a $242,000 forgivable loan, so long as it creates and continues to employ the equivalent of at least 80 full-time staff members on an ongoing basis. ....

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