The Memo: What to know in business this week for March 27
The Number: 8 That's how many Minnesota Power customers are getting state solar incentives this year, out of 11 that applied. The subsidy recipients are drawn by lottery, since there apparently are more applicants than money available. But there ...
The Number: 8
That's how many Minnesota Power customers are getting state solar incentives this year, out of 11 that applied. The subsidy recipients are drawn by lottery, since there apparently are more applicants than money available. But there must be plenty to go around, since all 508 Xcel Energy residential customers who applied will get their money. The sun shines up here, too, you guys.
The Word: "Coal should stabilize, iron ore should be up and I believe this port has the opportunity to do well with grain shipments again this year," Duluth Seaway Port Authority CEO Vanta E Coda II said through the Chamber of Marine Commerce's optimistic start-of-the-season press release last week. As the ships awaken from their slumber, it's only a matter of time before summer follows. Right? I'm still new here. Does it get warm again?
The Lead: The iron ore dock in Escanaba, Mich., is shutting down by the end of April following the closing of Cliffs Natural Resources' depleted Empire Mine. Upperpeninsula.biz reports the CN dock operated for 165 years and was the only ore dock on Lake Michigan. Apparently CN didn't find it profitable to take in ore from Michigan's last working mine, the Tilden. Condolences to those laid off, or perhaps we'll be seeing some of you soon if CN reassigns workers up yonder - I hear we're supposed to have a good iron year.
The Happy Hour: Fans of the beautiful game rejoice, for there is a place for you here. Dubh Linn Irish Brew Pub on Superior Street recently picked up a new cable package to air Minnesota United FC games and many more U.S. Men's National Team matches. After all, no pub is complete without soccer fans screaming at an official that can't hear them, even though that player was totally, obviously offside. As local United supporters group Wolf's Head said, "Thank you, Dubh Linn, for keeping soccer accessible in Duluth!"
The Meeting: REIF Breakfast
Whether you consider data a singular noun or plural, there will be plenty on display at Tuesday's Regional Economic Indicators Forum breakfast at the DECC from 7 to 9 a.m. The continuously updated REIF study, presented twice a year, looks at economic trends across 15 regional counties. Tuesday's forum also features a keynote speech by AnnDee Johnson of Longwoods International, which recently completed a study on tourism in Duluth. Bring your notebooks, and your appetite, after you register and pay $25 online at bit.ly/1NHcbuJ.
The Memo is a weekly roundup of things to know, ya know? Send business news of all kinds to firstname.lastname@example.org and give yonder business reporter Brooks Johnson a call every now and then at (218) 723-5329.