AGP Executive Report
Last update: 8 hours agoBanking: Minneapolis-based U.S. Bancorp will redeem three series of senior notes in October, paying holders principal plus accrued interest. Housing: Hopkins approved a revised plan for 10 energy-efficient homes on a city-owned lot, replacing an earlier 14-townhome proposal. Minneapolis also streamlined permitting for some projects, aiming to speed development. Life Sciences: Bio-Techne opened a Bristol, U.K., facility to manufacture materials for cell therapy developers, expanding its global production network. Industrial Investment: Iowa expanded tax incentives to attract Mesabi Metallics’ planned $15 billion steel mill and 1,750 jobs; the project would use ore from the company’s Nashwauk mine in Minnesota. Rural Economy: Minnesota awarded $723,200 to 91 beginning farmers and $4.5 million for rural rental housing. Business Costs: Individual health insurance premiums in Minnesota are set to rise 9.9% to 21.1% in 2027, adding pressure on household and employer budgets.
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