Minneapolis, MN
Yardstik Moves HQ to Downtown Minneapolis | Twin Cities Business
While many companies continue to shed office space, Minnesota startup Yardstik is doubling its workspace.
Last week, the employment screening tech company moved to a new 14,000-square-foot office in downtown Minneapolis. The new space is actually more than double the size of the startup’s previous 6,000-square-foot office at the Pentagon Park development in Edina. Matt Meents, Yardstik’s founder and CEO, said the company needed more space to accommodate its growth.
“We ran out of space” in the old office, Meents said in a Wednesday afternoon interview. “There weren’t enough workspaces if we all came in.”
Today, Yardstik employs around 50 people in total, 30 of which are based in the Twin Cities. The remainder work remotely across the country. Meents estimates that local employees come into the office about three times a week on average.
Meents added that the company’s customer base grew by about 300% last year, and he expects to double it this year. Yardstik, which completed a $12 million raise in fall, sells software designed to automate employment screening. Some of the company’s current customers include Dispatch, Skipcart, and Sylvan Learning Centers.
Though Yardstik hasn’t been at the new office for very long – the company officially moved in April 8 – Meents said it’s been a positive change so far. And employee feedback has been “so far, so good,” he said.
To be sure, changes can be hard for organizations of any size or age. But, for startups, it’s imperative to get comfortable with quick changes. “As a startup, we’re constantly evolving. Our people, because they’re used to startup mentality, are embracing that change,” Meents said.
Yardstik’s new office is on the sixth floor of the 100 Washington Square tower in downtown Minneapolis. The startup has signed a multi-year lease for the space.
Built in the early ‘80s, Washington Square spans 22 floors, nearly all of which are occupied, according to the property’s website. The tower includes parking underneath, along with a fitness center and food hall.
Meents said “downtown has got a lot of good energy, and we want to be part of that as a growing startup.” He believes the new location will make it easier to hold employee gatherings, with easy access to Target Field and other downtown amenities.
“What we’re seeing with this new space,” Meents said, “is a ton of energy. I feel like it’s creating a competitive advantage. We’re moving faster, and we’re seeing a lot of relationships being created between departments.”
Before founding Yardstik, Meents founded and ran another company called Magnet360, a Salesforce consulting firm that was later aqcuired by India-based IT firm Mindtree in 2016.
What exactly is a data center and why are so many being proposed across Minnesota? Professor Manjeet Rege, chair of Software Engineering and Data Science and director of the Center for Applied Artificial Intelligence at the University of St. Thomas, joins us to explain how these massive facilities store and process the world’s data and what the economic, environmental, and infrastructure questions are as Minnesota considers hosting more of them.
MINNEAPOLIS — Minneapolis is ranked among the American cities with the most people in financial distress nationwide, according to a recent analysis by WalletHub.
The personal finance website, which defines financial distress as having a credit account in forbearance or with deferred payments, looked at the country’s 100 largest cities without data limitations across nine metrics, including average credit score, change in bankruptcy filings year-over-year, and share of people with accounts in distress.
Minneapolis came in 44th on the list, between Stockton, California, at 43rd and Fresno, California, at 45th, according to the ranking.
Nationwide, the cities with the most people in financial distress were Chicago at No. 1, Houston at No. 2 and Las Vegas at No. 3, the ranking said.
“Getting out of the downward spiral of financial distress is no easy feat,” according to WalletHub analyst Chip Lupo.
“You may get temporary relief from your lenders by not having to make payments, but all the while interest will keep building up, making the debt even harder to pay off. People who find themselves in financial distress should budget carefully, cut non-essential expenses, and pursue strategies like debt consolidation or debt management to get their situation under control.”
Read more from WalletHub.
Minneapolis, MN
Whitefish council creates proclamation in solidarity with city, citizens of Minneapolis
WHITEFISH, Mont. — The Whitefish City Council in February presented and signed a proclamation expressing solidarity with the city and citizens of Minneapolis.
The proclamation states that Whitefish mourns the loss of life that occurred in Minneapolis and stands in solidarity with its residents.
It reaffirms the city’s commitment to equal treatment under the law and emphasizes that peaceful protest is a fundamental American right.
The proclamation was supported by five of the six council members.
Mayor John Muhlfeld said the action was meant to reaffirm the city’s values.
“A mayoral proclamation that is supported by five of six City Council members supporting solidarity with the city and citizens of Minneapolis, Minnesota, and reaffirming our supportive, just, equal and welcoming community,” Muhlfeld said. “I think this is somewhat overdue. Our town’s been through a lot over the years, This is more importantly to reaffirm our values as a council with our community because we care deeply about you.”
Over the last year, Whitefish has faced criticism amid rising tensions surrounding the Department of Homeland Security.
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View the full proclamation below.
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