MINNEAPOLIS—This city is one of the most vibrant in the US, but its North Minneapolis neighborhood suffered from disinvestment for years. That has begun to change, mostly with the help of THOR Cos., a hometown firm that made a commitment to the once-neglected area. This Friday, THOR, the state largest black-owned business, will celebrate the opening of its new Regional Acceleration Center, a sleek, glass-and-metal sheathed multi-use building on the southeast corner of the Plymouth and Penn intersection.
The company moved into the $36 million building in July, which will also host other tenants including community and workforce engagement programs. Both Hennepin County and Target Corp. invested in the development as well.
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