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HEARD ON THE STREET

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Pavitra Kumar is preparing to open Nana Gogo Toybrary to offer parents of children 5 and younger a chance to play with and take home toys without needing to buy them. She hopes to open the member service in northwest Rochester by late summer.
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Signs recently went up for Opa!, a Greek restaurant franchise, at 20 First Ave. SW on downtown Rochester’s Peace Plaza. That’s the former Jerk King/ Mac's space.
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Olmsted Medical Center is moving its marketing and communications department out of its Elton Hills Rehab Services center at 102 Elton Hills Drive NW.
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As part of its “master plan” to eventually develop a Rochester downtown campus, the University of Minnesota Rochester recently paid $770,000 for the former Running Room building and land at 711 S. Broadway.

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On Thursday, Mayo Clinic posted an unaudited consolidated financial report from the first quarter on the Electronic Municipal Market Access website. The report showed revenue was up 6.9% over the same quarter in 2021, when Mayo Clinic reported $3.67 billion in revenue. However, the operating margin for Q1 2022 is 3.6%, which is well below the 6.6% margin that Mayo Clinic posted in the first quarter of 2021.
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Eureka Kids, a Rochester child-care facility at 3675 Ninth St. NW, will double its capacity this fall after acquiring and remodeling an empty building, across Ninth Street from its current complex.
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A new 140-unit apartment complex is slated to built on open land along Rochester’s 41st Street Northwest, just west of the Mr. Car Wash building. The project manager hopes to break ground in July, if possible.
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Stine Seed Farms Inc., led by Iowa billionaire Harry Stine, recently invested $29.5 million in Vyriad Inc. Vyriad, which uses viruses to attack cancer tumors, is based on the Rochester Technology Campus at 3605 U.S. Highway 52 North.
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Employees at Rochester’s Kemps plant voted 82-24 on Sunday to approve a new three-year labor contract with “record” raises to guarantee that the ice cream will keep flowing this summer, said John Chappuis, business agent for Teamsters Local 120.
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Compcare, which opened its first Rochester clinic, is gearing up to open a second Med City location with a focus on physical therapy.

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S.B. Foot Tanning Co., a subsidiary of Red Wing Shoe Co. and United Food and Commercial Workers Local 1189 have been negotiating a new contract since March 1, 2022. On April 27, the workers rejected a contract offer and later authorized the possibility of a strike.
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Leapfrog Group, a nonprofit organization that tracks data about health care centers, gave Mayo Clinic and Olmsted Medical Center top scores on a biannual hospital safety report card.
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Steelcase Inc. announced last week that an agreement has been signed to buy Stewartville-based office furniture maker Halcon as a subsidiary.

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