Minnesota Department of Employment and Economic Development

Minnesota Department of Employment and Economic Development

Minnesotamn.gov

Overview

The Minnesota Department of Employment and Economic Development (DEED) is the state's principal economic development agency, with programs promoting business recruitment, expansion, and retention; workforce development; international trade; and community development. The agency's mission is to support the economic success of individuals, businesses, and communities by improving opportunities for growth.

Year Founded

2003

Portfolio Companies

11

Website

mn.gov

Investments

CompanyDateStageLead
Marrow Access TechnologiesApr 2026Seed RoundCo-investor
HelieneJun 2025GrantCo-investor
Cytotheryx, Inc.Aug 2024GrantCo-investor
Polar SemiconductorMay 2024GrantLead
NeuraWorx Medical TechnologiesMay 2023DebtLead

Key People

Danielle Olson

Human Resouces Buisness Partner

Angie McNeil-Olson

DAANES Data Coordinator - OAS Principal

Anna Haymond

Accounting Officer Principal

Bill Hirte

State Program Administrator Principal Public Assistance Officer

Brent Boyd

Merit System Consultant, Principal

Christina Carpenter

Accounting Officer Principal

Craig Blichfeldt

Accounting Officer Principal

Cynthia Holmquist

State Program Administrator Principal

Dan Drusch

Land Surveyor Principal

Gabriela GARCIA

Accounting Officer Principal

Kelly J Gilbert-Germain

State Program Administrator Principal

Larry Blomme

State Program Administrative Supervisor Principal

Lisa McCormick

State Program Administrator Principal

Lori Bostic

Accounting Supervisor Principal

Lori Steffen

State Program Administrator Principal

LynMaree Harris MSN

Trauma Designation Coordinator- State Program Administrator Principal

Sector & Stage Mix

Industry, funding stage, and valuation band breakdowns.

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Investment Activity

Yearly cadence, pace, and funding raised over time.

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2021
2022
2023
2024
2025
2026

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FAQ

Firmographic Details

HeadquartersMinnesota
Year Founded2003

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