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18%  
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  • APNewsBreak: Vascular Solutions subsidy scrapped (Minnesota)

    11/19/2014 11:56:39 AM PST · by Olog-hai · 1 replies
    Associated Press ^ | Nov 19, 2014 1:56 PM EST | Brian Bakst
    A medical-device company lost out on a hefty Minnesota subsidy on Wednesday after the firm and its leader were criminally charged. The Department of Employment and Economic Development scrapped a potential $800,000 package tied to an expansion and hiring proposal put forth by Vascular Solutions. The decision came Wednesday, a day after The Associated Press reported the deal was cast into doubt by last week’s federal indictment. A hearing to consider approval of the Minnesota Job Creation Fund award had been set for Friday. […] Vascular Solutions and CEO Howard Root were federally indicted last week on charges of conspiring...