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Posts published in “Business”

Study: Port of Duluth-Superior supports nearly 8,000 jobs

The Port of Duluth-Superior generated $1.4 billion in economic activity and supported 7,881 jobs last year. Handling 35 million short tons of cargo generated over $504 million in total wages, salaries and purchases of goods and services in the regional economy. Cargo movement and vessel activity at the port also generated a total of nearly $240 million in federal/state tax revenues. The full report for the Port of Duluth-Superior, released today by the Duluth Seaway…

Sammy’s Pizza voted ‘Best Pizza in Minnesota’

Sammy’s Pizza, which has sold more than 20 million pizzas to date, was recently voted ‘Best Pizza in Minnesota’ in Minnesota Monthly’s Pizza Bracket Challenge. The first Bracket Challenge, which was comprised of 32 of the most popular pizza restaurants throughout the state of Minnesota, took place June 18-July 29, with a final round victory by Sammy’s over Pizza Lucé. To celebrate, Sammy’s has cooked up a special offer for its fans as a ‘Thank…

Aerospace leads revenue growth at Ikonics

Ikonics Corporation, a Duluth-based imaging technology company, reported 2018 second-quarter earnings of $145,000, or $0.07 per diluted share as compared to a loss of $0.05 per diluted share for second quarter of 2017. “Revenue was down by 1% from the second quarter of 2017, which had been favorably impacted by $320,000 in sales of two DTX printers; we are optimistic that similar sales of DTX printers will occur in the second half of this year,”…

ALLETE book drive benefits nonprofits, honors legacy of employee

Employees at ALLETE Inc. (NYSE: ALE) recently donated more than 1,400 new and used children’s books to several Twin Ports nonprofits in memory of the late John Galo. The book drive and this week’s John Galo Memorial 5K in Duluth both honor the legacy of Galo, who was director of employee/labor relations and talent acquisition for ALLETE when he died in January 2017 after suffering a heart attack. He was 49. A familiar face across…

MCCU to offer tiny home financing

It’s big news for local tiny home hunters. Members Cooperative Credit Union announced a new, dedicated tiny home mortgage product. Tiny homes, which often range in price from $40,000-$100,000, were made popular in recent years, and have become one of the newest and most inquired-about housing options. MCCU’s tiny home mortgage product is the first dedicated product known to be available through a locally based financial institution. The tiny home is popular as a reduced-footprint…

ALLETE’s donation of retired corporate jet lifts Lake Superior College’s aviation program to new heights

ALLETE Inc. today announced it is donating a retired corporate jet to Lake Superior College’s Aviation Maintenance Technology program. Donation of the 1981 Hawker 700, the largest donation LSC’s aviation program has ever received, comes just one day ahead of this weekend’s Duluth Airshow. ALLETE purchased the used jet in 1998 and used it to conduct company business. ALLETE operates in 50 states through its five companies: ALLETE Clean Energy; Minnesota Power; U.S. Water; BNI…