We Attend the 2013 MEMA Legislative Summit
Minimizer and AGreaterInvestment.com representatives each exhibited displays at the 2013 MEMA (Motor & Equipment Manufacturers Association) Legislative Summit Supplier Fair earlier this month in Washington DC. The event gives attending companies greater visibility and the opportunity to interact with Senators, Representatives, and congressional staff. Minimizer and AGreaterInvestment.com displays highlighted the importance of employment, sustainability, and innovation.
Made in the U.S.A.’ Bucking a 30-year Trend
Companies find increased control, quality, and production standards domestically that may cancel out the cost savings that could come with manufacturing overseas. They are also turning the table on recent history in other ways, by exploiting sales in international markets, and uncovering opportunities by selling their goods to other countries in addition to domestically. They find the ‘Made in the U.S.A.’ stamp brings them unexpected cachet.
3M Co. to build state-of-the-art research labs in Maplewood.
In a nod to Minnesota, 3M Co. said Wednesday that it will build a state-of-the-art research facility on its Maplewood headquarters campus.
Construction of the research labs will start next summer and should finish in early 2015. The facility, projected to cost nearly $150 million, will be built near the corner of McKnight Road and Conway Avenue and will house about 700 existing 3M researchers and scientists, 3M spokeswoman Jacqueline Berry said.
Officials lauded the investment as an example of its ongoing commitment to global research and development.
Small Town Mayors and City Councils: Beware of recall if you don’t support small business.
The Arlington Industrial Park is home to Global Polymer Industries, a manufacturer of high-tech plastic parts ranging from snowmobile skis to artificial knees. But the company is considering a move to another community because the Arlington City Council has turned thumbs down on its expansion.
Some jobs are shifting back to Minnesota in ‘reshoring’
More Minnesota companies bring production home.
“”We just kind of got kicked right in the teeth dealing with China. It wasn’t any fun by any means. But it helped us learn to bring stuff back to the United States,” said Calibur11 owner Coy Christmas.”
Ernst and Young recently held their annual Entrepreneur of the Year award to showcase and recognize the people who are making the difference in small and medium business here in America.
A Greater Investment site owner and CEO of Minimizer, Craig Kruckeberg was selected as a finalist for the award.
Obama, where is the recovery?
Two years ago this week, the Obama administration hailed the advent of the “Summer of Economic Recovery.” The president’s stimulus bill had passed a Democratic-controlled Congress just over a year before, accompanied by rosy predictions on job creation from the administration.
WASHINGTON – The U.S. Department of Energy said Wednesday morning it would put $280 million into a struggling uranium centrifuge project in southern Ohio.
Energy Secretary Steven Chu said the deal was intended to “strengthen U.S. national security” while “ensuring strong protections for the American taxpayers.”
Sick of taxes, regs: Hoyt is leaving MN
Minneapolis / St. Paul Business Journal by Sam Black, Senior reporter
Brad Hoyt on the site of his Vue apartment project in the Loring Parkneighborhood. When the city axed his original condo proposal for the site, he sued and won, but the market had changed.
Developer Brad Hoyt has spent years fighting both cancer and Minnesota real estate regulations. He’s won victories in both arenas, but he’s giving up the battle in one of them.
Abound Solar Got $400M Fed Loan Despite Low Rating
A month before Abound Solar announced it would be laying off nearly half its workforce, Congressional Republicans alerted the U.S. Department of Energy that they had questions about the decision to loan the Colorado firm $400 million.
The House Committee on Oversight and Government Reform asked Energy Secretary Steven Chu to explain how the solar panel manufacturer had qualified for the loan after the ratings firm Fitch had determined the company would make a “highly speculative” investment.
And the State frequently fails to enforce clawbacks or disclose subsidies. Many in the economic development hierarchy have been forthcoming and concede the game is flawed. It’s state vs state, city vs city, equating to a vicious circle of competition pitting taxpayer dollars from one community against another. And there’s essentially no plan or goal because whatever goals exist, they’re not enforced.
2013 MEMA LEGISLATIVE SUMMIT