Gee, I guess IT and distribution taxe...

Gee, I guess IT and distribution taxes do have consequences

Posted in the Minneapolis Forum

Scooby Slew

Saint Paul, MN

#1 Jul 26, 2013
Distribution firm Navarre leaving Minnesota for Texas after 30 years
Article by: STEVE ALEXANDER , Star Tribune
Updated: June 27, 2013 - 9:21 PM

It will shift HQ to its Speed FC e-commerce operations in Dallas.

Software distribution firm Navarre Corp. has quietly announced plans to move its corporate headquarters from New Hope to Dallas this year.

The company this week named Terry Tuttle to be its new chief financial officer, replacing CFO Diane Lapp,“who is resigning due to the upcoming relocation of Navarre’s corporate headquarters from Minneapolis to Dallas.”

That was the first time the 30-year-old Minnesota firm had said publicly that it planned to move not just some of its warehousing operations but also its headquarters to the site of its recently acquired Speed FC e-commerce operation based in Texas. Navarre acquired Speed FC Inc. last November for $50 million in cash and stock.

Navarre officials did not respond to telephone calls on Wednesday and Thursday.
Scooby Slew

Saint Paul, MN

#2 Jul 26, 2013
Last year, Navarre acquired Dallas-based SpeedFC, an e-commerce fulfillment services firm, for $50 million. SpeedFC is expanding operations in Ohio, adding 250 jobs there.
Scooby Slew

Saint Paul, MN

#3 Jul 26, 2013
Dayton and the legislature's new taxes cost the state about 450 jobs in this company alone.

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