AGP Executive Report
Last update: 8 hours agoIndustrial Investment: Iowa approved $1.36 billion in tax incentives to attract Essar-backed Mesabi Metallics’ steel complex, a project once planned for Minnesota. The move spotlights the competition for major investments and questions over Minnesota’s earlier public support. Life Sciences: Minnesota-based Bio-Techne opened a GMP manufacturing facility in Bristol, U.K., expanding its capacity to supply cell-therapy developers. Regional Growth: Schwan’s foundation pledged a record $5.5 million to Southwest Minnesota State University’s indoor sports dome, while Iron Range agencies marked more than 1,000 grants to local small businesses. Business Costs: Fed officials signaled another rate increase before year-end, keeping borrowing costs in focus for Minnesota companies and households. Housing: Minnesota Housing committed $8 million to preserve affordable homeownership opportunities.
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