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Personnel Decisions Decides Not to Move

ST. PAUL, MN-The consulting firm had signed a letter of intent to lease 140,000 sf at the new Minnesota Life building Downtown. However, lack of the need for job growth forced the company to reconsider.

By Jim McCartney | Updated on April 24, 2001

ST. PAUL, MN-Personnel Decisions International says it will not relocate its headquarters and some 500 jobs to Downtown. The announcement comes three months after the privately-held firm said it had tentatively signed a letter of intent to lease 140,000 sf at the new Minnesota Life building.

The company had planned to relocate its corporate headquarters to its new St. Paul location at 401 Robert St. North and begin occupying its new space at the end of 2001. The consulting firm said the terms of the deal were contingent upon maintaining certain employment numbers, which it did not.

“The impact of the economic downturn affected more clients than anticipated,” says Lowell Hellervik, chairman and chief executive officer of PDI. “PDI will continue to grow, but in the currenteconomy, our headcount will remain well below the level we projected when we began searching for a newlocation.”

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