APEX Investor-Members Receive Progress Minnesota Awards
Monday, April 24, 2017
Each year APEX nominates several investor-members for Finance and Commerce's Progress Minnesota awards. Awarded annually, these projects recognize significant investment and economic impact within the State of Minnesota.
College of St. Scholastica
The College of St. Scholastica (CSS) was recognized for the new 45,000-square-foot Health Science Center and maurices Community Clinic completed in 2016. Representatives from CSS, McGough Construction and APEX were at the event to commemorate acceptance of the award.
The Health Science Center, located within the BlueStone housing and retail development in Duluth, is a three-story building housing educational programs, four new lecture facilities, three laboratory areas and the interdisciplinary maurices Community Clinic. The $16.5 million investment allowed CSS to greatly expand its community educational clinic, increase graduate-level enrollment in physical and occupational therapy programs and significantly improve learning and patient care experiences. Physical and occupational therapy graduate programs began classes at the new building in July 2016 and, pending final accreditation, a new physician assistant program will begin in fall of 2017.
CSS' Health Science Center and maurices Community Clinic would not have been possible without maurices, McGough Construction, HGA Architecture, Engineering and Planning and the Health Sciences Education Facility Corporation.
Duluth Seaway Port Authority
Nominated by APEX partner, Heather Rand, Duluth’s Director of Business and Economic Development, the Duluth Seaway Port Authority (DSPA) also received a Progress Minnesota award. DSPA was recognized for the $18 million rehabilitation of Docks C and D in 2016 as well as for establishing, in partnership with the Canadian National Railway, the first Intermodal Ramp in Duluth on-dock at the Clure Public Marine Terminal. This project conservatively estimates $878,000 in direct revenues to Lake Superior Warehousing and the DSPA with direct logistics cost reductions estimated at $2.3 million for local companies.
Each year, more than 38 million tons of cargo move through the port, making it the 22 largest port in the United States by tonnage, and a supporter of over 11,000 jobs in Minnesota and Wisconsin.
APEX congratulates and thanks both CSS and the DSPA for their investment and significant contribution to the economic wealth of our region. In 2018, APEX will call on investor-members for insight on regional nominations. In the meantime, if you have a project in mind, please contact Sandy Johnson, APEX Manager of Member Relations and Administration.
Category: Investors, investors