Businessman and political newcomer Mike McFadden announced Wednesday that he will run against Democratic Sen. Al Franken in 2014, MinnPost reports. McFadden is the only Republican challenger so far.
The announcement came in a video (below) with McFadden and his daughter discussing his Minnesota upbringing and family.
The Associated Press says McFadden runs Lazard Middle Market, a financial management firm with expertise in mergers and acquisitions, in Minneapolis. It's a branch of Lazard Financial, a global investment bank, according to MPR.
He plans to take a leave of absence during his campaign.
McFadden, 48, has never run for a high-profile office before, the Star Tribune reports.
A poll released last week by Public Policy Polling shows Franken is in good shape for reelection. In the survey of 712 Minnesotans, 51 percent would vote for Franken compared to 36 percent in support of McFadden.
Minnesota's seat is part of a larger fight for Senate control. The Associated Press says Republicans need to gain six seats to take majority away from the Democrats.
The left-leaning group Alliance for a Better Minnesota describes McFadden as "Minnesota's Mitt Romney," according to MinnPost.