MINNEAPOLIS (WCCO) — State leaders are hoping a new business brings more life to north Minneapolis.

As the ribbon was cut at the new THOR Companies’ Regional Acceleration Center, it meant more than just the opening of a business.

“This has been a collaborative effort that highlights the extraordinary work that is happening right here in north Minneapolis,” said Minneapolis Mayor Jacob Frey.

Gov. Mark Dayton was also present for the official grand opening that state leaders hope will become a beacon of opportunity for the surrounding area.

“This is where a McDonald’s was, and I remember walking up and down the street thinking about what I wanted to be in the future,” said Minnesota State Sen. Bobby Joe Champion. “What this building represents is hope and opportunity.”

THOR is the state’s largest minority-owned company.

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