New lawsuit against MN company shows the dangers in the business of blood

Categories: Business

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Flickr via Michelle M. F.

When the Minneapolis-based company General Blood LLC launched in 2010, it came with a promise that it could revolutionize the market for blood. Founders Ben Bowman and David Mitchell wanted their company to connect the blood donation centers across the country to hospitals and labs, getting them blood quicker and cheaper.

But according to a lawsuit filed last month in Hennepin County District Court, getting through to parts of that market hasn't been so simple. And that's led to a feud in court between General Blood and one of its suppliers, the Oklahoma Blood Institute, showing the world the inner workings of the complicated business of buying and selling blood.

See also:
The Business of Blood


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Medtronic says coverage of local job cuts buries the lede

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Medtronic's world headquarters (pictured) is currently in Fridley, but the company plans to pack up and move to a more tax-friendly country.
Yesterday, the Minneapolis/St. Paul Business Journal broke news that Medtronic, Minnesota's eighth-largest company, is cutting 40 local jobs. That development comes less than a month after Gov. Mark Dayton said Medtronic CEO Omark Ishrak personally assured him his company plans to create 1,000 new jobs here even though it will be relocating its headquarters to Ireland.

A few paragraphs into the piece, the Business Journal notes that Medtronic "notified the Minnesota Department of Employment and Economic Development (DEED) [of the cuts] in April. The state agency recently disclosed the cuts in an update to its Dislocated Worker Program report." But a Medtronic spokesman says that tidbit should really be front and center in reports about the local job losses.

See also:
Medical biz prof Stephen Parente on Medtronic move: "It's kinda hard to see this occur"


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Green Line construction didn't scare businesses from Central Corridor -- quite the opposite

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Photos via Laura Baenen
The Episcopal Homes development on the former Porky's Drive-In site is one of many new construction projects along the Green Line.
One of the arguments rail haters made when LRT line being seriously discussed for University Avenue was that construction itself would kill local businesses.

With University ripped up for years, parking would be hard to find, and customers would forsake the Central Corridor in favor of more accessible places, the theory went. But numbers provided to us by the Metropolitan Council indicate that's not at all how it played out in reality.

See also:
Anti-LRT protest on Green Line's opening day was a bust


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Franken, Klobuchar strike similarly moderate positions in response to Medtronic news

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Is whether Metronic stays in Minnesota something our politicians can control? That's the question.
-- Correction at bottom --

Minnesota's eighth-largest company is relocating overseas. The New York Times views the move through the lens of federal tax policy and the taxes Medtronic can avoid paying by leaving America, while the company itself cites more benevolent reasons, like access to European markets.

In any event, the news doesn't sound auspicious for our state economy, right? But in response, DFL Gov. Mark Dayton is donning rose-colored glasses.

See also:
Medical biz prof Stephen Parente on Medtronic move: "It's kinda hard to see this occur"


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Medical biz prof Stephen Parente on Medtronic move: "It's kinda hard to see this occur"

Categories: Business
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Medtronic's world headquarters (pictured) is currently in Fridley, but the company plans to pack up and move to a more tax-friendly country.
Governor Dayton characterized the news that Medronic is buying Ireland-based Covidien for $42.9 billion and moving its headquarters to Dublin as "tremendous for Minnesota," citing company executives' promise that no local jobs would be lost due to the transaction. (Read the backstory here.)

But Carlson School professor Stephen Parente, director of the Medical Industry Leadership Institute, says that when he heard about the move, "I didn't shout for joy."

See also:
Republicans sound the trumpet as Obamacare contributes to St. Jude's Minnesota layoffs


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Marty Seifert on Medtronic: Young people living in parents' basement because of Mark Dayton

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Dayton on Medtronic: "That is tremendous news for Minnesota." Seifert: "This is a sad day."
:::: UPDATE :::: Medical biz prof Stephen Parente on Medtronic move: "It's kinda hard to see this occur"

Former Republican House Minority Leader and failed 2010 gubernatorial candidate Marty Seifert didn't win his party's endorsement to run for governor this year, but he, along with two other candidates, plans to battle the endorsed candidate, Hennepin County Commissioner Jeff Johnson, in a primary.

So when news broke yesterday that Minnesota-based Medtronic is buying Ireland-based Covidien for $42.9 billion and moving its headquarters to Dublin to create the world's largest medical device company, Seifert understandably saw a golden opportunity to score some political points.

See also:
Conservative blog scrubs post fretting about Minority Leader Kurt Daudt's bachelorhood


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Seth Nelson, aka "Dollar Store Ryan Gosling," on viral Uptown condo video: Haters gonna hate

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Nelson pours himself a martini in "Date Night."
Seth Nelson, star of the bro-larious "Date Night" video that swept across the internet like wildfire last week, isn't bothered by all the attention he's receiving these days, even if much of it is ridiculing.

In fact, since Nelson is the Realtor selling the EdgeWater condo advertised in the ad, the clip's newfound viral-ness could help line his pockets.

See also:
Uptown apartment company erects "Benghazi" billboard over Franklin/Hennepin [PHOTO]


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Uptown Vapor Shoppe removes "No Statutory Vape" sign following Facebook outcry

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A Facebook screencap of the controversial sign and what people had to say about it.
Uptown Vapor Shoppe has been open at 2817 Hennepin Avenue for a year. Since day one, the business has had a sign in its window that says, "No Statutory Vape."

The sign's reference is meant to be to a store policy prohibiting minors from purchasing products. It had never been an issue until last Friday, when the Vapor Shoppe's Facebook page was slammed by commenters decrying the sign for making light of statutory rape.

See also:
Voicemail warns Treehouse Records about offending half its customers pro-gay marriage sign [AUDIO]


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Uptown apartment company erects "Benghazi" billboard over Franklin/Hennepin [PHOTO]

Categories: Business, Politics
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Aaron Rupar
At least one apartment company in hippie-dippy Minneapolis apparently isn't a big fan of the Obama administration.

The billboard at the top of this post, recently erected on top of Lowry Hill Liquors, towers over the intersection of Franklin and Hennepin Avenues. It was paid for by GreMar Apartments, which owns a number of buildings in the broader Uptown area.

SEE ALSO:
-- Man-shaming pro-life billboard towers over Mpls intersection [PHOTO]


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YogaSoul Center says Eagan building owners used dirty trick to force them out

Categories: Business
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YogaSoul Center has been open for more than five years in the Eagan Professional Building. But the business owners are unexpectedly being forced to pack up and move at the end of April, and they aren't at all happy with how it went down.

SEE ALSO: Minnetonka High School 'bans' yoga pants: Top 10 tweets

Owners Tarisa Parrish and Susan Kulbitski say they signed a nine-month lease in December. The idea was to stay where they were at through the summer while looking for a bigger space to move into in the fall. But late last month, out of nowhere, they were approached by the building owners about signing a new, higher-rent, seven-year lease.

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