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Friday P.M. Report

Twin Cities home foreclosures rose 58 percent in ’09, Minnesota leads Midwest for health care venture capital, Printing equipment firm moves to Wisconsin, and Bureau of Engraving names CEO.

Twin Cities home foreclosures rose 58 percent in ’09: Foreclosure filings jumped nearly 58 percent in the Twin Cities last year, according to a new report. The Twin Cities ranked 62nd nationwide in foreclosure activity, recording more than 29,115 filings in 2009. Filings counted in the report, compiled by Irvine, Calif.-based Realty Trac, include default notices, auction sales and bank repossessions. The report places the Twin Cities foreclosure rate at about 2.2 percent, in line with the national average of 2.21 percent. Read full story

Minnesota leads Midwest for health care venture capital: Med-tech, biotech and other health care startups in the Midwest raised $708 million in venture capital in 2009, and Minnesota led the pack, according to a report released today. Twin Cities health care companies pulled in $199 million in financing for the year. Ohio ranked second in the report, which is compiled by Cleveland-based BioEnterprise, an economic development organization. Read full story

Printing equipment firm moves to Wisconsin: NELA Ternes Register Group, a manufacturer of pre-press printing and other equipment, has moved from Oakdale to River Falls, Wisconsin Gov. Jim Doyle announced Thursday. The firm,  a division of Germany-based NELA, has about 62 employees and plans to hire about 20 more people. Wisconsin offered the company $108,000 in tax credits, which contributed to the company’s decision to move. Read full story

Bureau of Engraving names Alexander CEO: The Bureau of Engraving commercial printing company has named Lynne Alexander CEO, the firm announced today. Alexander ran a graphic design consulting business from 1991 until last September. She also was a member of its board before taking the CEO post and will now serve as chair. Read full story