Archive | May, 2012

Some good news for a change

After much speculation it has finally been reported that the “major event” which had been rumored to be booked for the Twin City area for summer of 2014 is …. the U.S. girls’ junior volleyball championships.

Meet Minneapolis, which is Minneapolis’ visitors and convention association, made the announcement on Wednesday.

Just to give you an idea of the impact an event like this can have on the area, here are a few statistics about this particular Championships tourny:

  • it is expected to bring 9,500 – 10,000 atheletes.
  • 20,000 spectators.
  • expected to generate around $60.6 million in local business activity.
  • including $2.25 in sales tax alone.
  • Minneaplois and 13 other cities in the metro area have pre-booked some 54,200 room nights at 65 hotels.

 

This last time an event of this magnatude was held in the Cities was in 2008 for the Republican National Convention.

The 8 day tournament will be held from June 25 – July 2.

Well done Meet Minneapolis!

850 more jobs going

General Mills employs about 35,000 people and 5,500 of those are in Minnesota. They have announced they are cutting 850 jobs and half of those cuts are going to be from the Twin Cities operation.

Sales for General Mills have increased 13% while the company has increased prices in an effort to keep up with rising inflation. CEO Ken Powell says this is the highest rate it has been in 30 years.

But even with the increased revenue, profits fell a bit due to the higher commodity costs.


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