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Business and Economic News

Rochester hopes to grow economy beyond Mayo in the next decade

Rochester hopes to grow economy beyond Mayo in the next decade

Rochester’s Destination Medical Center is the state’s largest economic development project in history. At 10 years old, it has accomplished some of its goals. In the next decade, local leaders said diversifying Rochester’s economy will be a focus.
by Catharine Richert

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On the Iron Range, ore trucks as large as two-story houses set to transform the mining industry

On the Iron Range, ore trucks as large as two-story houses set to transform the mining industry

Mesabi Metallics, an iron ore mine under construction in Nashwauk, has purchased the largest trucks ever used in Minnesota’s iron mines. The trucks haul 400 tons of rock in a single load and are designed to be operated autonomously. 
by Dan Kraker

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‘Oat Mafia’ in search of a market for oats in the upper Midwest market

‘Oat Mafia’ in search of a market for oats in the upper Midwest market

Some corn and soybean farmers in southern Minnesota and northern Iowa have started planting oats for environmental reasons, but also in an effort to diversify what’s grown in the Midwest. One area farmer has broken ground on a new oat mill in Albert Lea, Minn., for a local market.
by Clay Masters

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Waymo is coming to Minneapolis. But can the self-driving taxi navigate winter weather?

Waymo is coming to Minneapolis. But can the self-driving taxi navigate winter weather?

With six months of winter weather, the car will have to learn to navigate snowy and icy conditions. An autonomous vehicle researcher at the U of M says that Waymo cars may not be able to drive when it’s actively snowing.
by Chris Farrell and Aleesa Kuznetsov

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U of M leans into startup generator to boost its standing in local economy

U of M leans into startup generator to boost its standing in local economy

The University of Minnesota’s Technology Commercialization Office has been involved with 285 startups since 2006. TechCom spun off a record 26 startups this past year. The ambition is to ramp up to 30-50 startups a year.
by Chris Farrell

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Here's why concerns about an AI bubble are bigger than ever

Here's why concerns about an AI bubble are bigger than ever

Tech companies are pouring billions into AI chips and data centers. Increasingly, they are relying on debt and risky tactics. Financial analysts are worried there's a bubble that will soon pop.
by Bobby Allyn

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Anglers on Mille Lacs can keep three walleye this winter

Anglers on Mille Lacs can keep three walleye this winter

The DNR says the lake’s walleye are showing signs of recovery from 10-12 years ago, when a population decline caused the state to tighten fishing limits.
by Kirsti Marohn

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