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Adam Belz

Business reporter | Economy
phone: 612-673-4405
Adam covers the economy for the Star Tribune and maintains a blog called 3D Economics. He wrote for the Cedar Rapids Gazette and The Des Moines Register in Iowa before moving to Minnesota in June 2012.
Recent content from Adam Belz
Minneapolis Fed launches institute to tackle racial and economic disparities

Minneapolis Fed launches institute to tackle racial and economic disparities

The new effort aims to understand the economic disparities in the state.
Minneapolis to overhaul SE. 4th Street near TCF Bank Stadium

Minneapolis to overhaul SE. 4th Street near TCF Bank Stadium

The $4 million project is part of an effort to improve areas near light-rail station.

Mpls. gives unions, activists strong voice on workplace advisory board

The group is tasked with advising the city on workplace issues.
Mpls. Council Member Warsame pledges to build new Somali mall

Mpls. Council Member Warsame pledges to build new Somali mall

Warsame says residents need alternatives to two problem-plagued malls owned by the Sabri family.
Minneapolis writes off unpaid bill from Senior Games as bad debt

Minneapolis writes off unpaid bill from Senior Games as bad debt

Minneapolis says it will still try to collect $274,000.
Mpls. landlords say rising property values, taxes behind rent hikes

Mpls. landlords say rising property values, taxes behind rent hikes

Under pressure from activists, Mpls. weighs tools to limit increases.

Minneapolis to settle discrimination lawsuit brought by former fire cadet

A related lawsuit against a doctor is set for trial.
Council Member Jacob Frey announces bid for mayor of Minneapolis

Council Member Jacob Frey announces bid for mayor of Minneapolis

Frey, an attorney who represents parts of downtown and Northeast, presented himself as a candidate in the mold of R.T. Rybak.
In Mpls. Council races, so far there's left, and further left

In Mpls. Council races, so far there's left, and further left

Already an island of blue in the red sea of the Upper Midwest, Minneapolis could double down on that status if riled up progressives prevail.
Nicollet Mall art won't feature poem referencing female genitalia

Nicollet Mall art won't feature poem referencing female genitalia

Junauda Petrus said she wrote the poem in response to President-elect Donald Trump's comments about women.
Shortage of affordable housing forces tough choices on the poor

Shortage of affordable housing forces tough choices on the poor

PART 3: Small towns are good places to raise kids, but more jobs and education opportunities are in the metro area -- where lower-income housing in desirable neighborhoods is hard to find.
Part 2: Children of small-town Midwest climb ladder to prosperity

Part 2: Children of small-town Midwest climb ladder to prosperity

The catch is that many of them found success only by moving out of farm country -- and fewer and fewer kids are growing up there.
Part 1: Poor families' path to American dream leads to suburbs

Part 1: Poor families' path to American dream leads to suburbs

A mother of six escaped the South Side of Chicago, moved to Minneapolis "for my kids" — and landed in Chaska as part of a social experiment.
State Rep. Raymond Dehn to run for mayor of Minneapolis

State Rep. Raymond Dehn to run for mayor of Minneapolis

The DFL legislator says the city "must do better."
Hodges thrusts wage debate into 2017 Mpls. mayor's race

Hodges thrusts wage debate into 2017 Mpls. mayor's race

Critics say Hodges' reversal on minimum wage is all about the 2017 election.
Transgender activist Andrea Jenkins runs for Minneapolis City Council

Transgender activist Andrea Jenkins runs for Minneapolis City Council

The City Hall veteran hopes to fill Elizabeth Glidden's position, joins other candidates of color.
In a shift, Hodges supports minimum wage hike in Minneapolis

In a shift, Hodges supports minimum wage hike in Minneapolis

The mayor wants the increase to include tipped workers.
Minneapolis re-evaluates its ties to Greater MSP

Minneapolis re-evaluates its ties to Greater MSP

Minneapolis pulled most of its next year's funding for the regional economic development group, as council members questioned what benefit the city gets and raised concerns that Greater MSP pits local governments against each other in the race to offer incentives to companies.
Elizabeth Glidden won't seek re-election to Minneapolis City Council

Elizabeth Glidden won't seek re-election to Minneapolis City Council

After almost 12 years, she says it's "time for someone new."
Is the middle class disappearing? Maybe not

Is the middle class disappearing? Maybe not

Income for Americans in the middle rose at a modest but steady rate over the past 40 years, according to the Congressional Budget Office. And prices for consumer goods have dropped.
Courtroom battle begins over Mpls. sick leave ordinance

Courtroom battle begins over Mpls. sick leave ordinance

A Hennepin County judge did not rule on the Minnesota Chamber of Commerce's request for an injunction to halt the ordinance but did question the scope of the Minneapolis rules.
$1.3B Mpls. budget for 2017 approved; most to see property tax increase

$1.3B Mpls. budget for 2017 approved; most to see property tax increase

Mayor Betsy Hodges is seeking new spending to hire 15 new police officers.
Mpls. explores ending business with Wells Fargo; bank responds

Mpls. explores ending business with Wells Fargo; bank responds

Some local leaders are concerned about the bank's investments and its recent scandal.
Mpls. business leaders raise safety concerns for downtown

Mpls. business leaders raise safety concerns for downtown

Letter to Minneapolis Mayor Betsy Hodges says the viability of downtown is at stake.
Mayor's plan to add Minneapolis cops faces community pushback

Mayor's plan to add Minneapolis cops faces community pushback

Neighborhood organizers say it's not the answer; Mpls. council is ready to vote today.
Beyond the metro area, job openings skew sharply to low end of skill, pay levels

Beyond the metro area, job openings skew sharply to low end of skill, pay levels

The tilt is the greatest since before the last recession.
Gentrification accelerates in Minneapolis and St. Paul

Gentrification accelerates in Minneapolis and St. Paul

High apartment rents are outpricing homes and pressuring the poor.
Few affordable pockets remain for low-income renters in Mpls.

Few affordable pockets remain for low-income renters in Mpls.

A long-term drop in crime, combined with a concentration of high-wage jobs and a renewed preference for urban life among highly educated workers, have made the city's core more desirable.
Minnesota shed 12,500 jobs in October, worst monthly loss since 2011

Minnesota shed 12,500 jobs in October, worst monthly loss since 2011

It is another worrying sign for a job market that has been slow-growing for a year and stagnant since July.
Big banks should sharply boost capital to help U.S. economy, Mpls. Fed says

Big banks should sharply boost capital to help U.S. economy, Mpls. Fed says

Proposal by president of Minneapolis Fed would require too-big-to-fail banks to pay a price for risk.

Utility customers targeted for more scams as winter sets in

Sophisticated fraud aimed at energy customers, often small businesses, is a big problem.
Kashkari's challenge this week: Not being ignored

Kashkari's challenge this week: Not being ignored

Minneapolis Fed chief to unveil a plan to reduce the effect of big bank failures just as political axis shifts.
Investors build wood-pellet plant in Arkansas, possible spur for northern Minnesota economy

Investors build wood-pellet plant in Arkansas, possible spur for northern Minnesota economy

International Falls group is spending $230 million on Arkansas plant
Trump may not be perfect, Minnesota supporters say, but he promises something new

Trump may not be perfect, Minnesota supporters say, but he promises something new

The Republican nominee is admired in the state for his plainspoken style, his business success and his pledge to shake things up.
U.S. Bank in feud with assisted living home over loan terms

U.S. Bank in feud with assisted living home over loan terms

Assisted living home says bank unfairly charged $250K for alleged default
SEC releases new, relaxed rules on investment crowdfunding

SEC releases new, relaxed rules on investment crowdfunding

SEC ruling is a step forward for Minnesota's fledgling investment crowdfunding community
Minnesota lands back in top 10 of tech-business rankings

Minnesota lands back in top 10 of tech-business rankings

Minnesota last found itself in the top 10 in 2004. The study has been conducted every two years since 2002.
Obituary: Lawrence Gibson, retired from General Mills, was a lifelong learner, social justice advocate

Obituary: Lawrence Gibson, retired from General Mills, was a lifelong learner, social justice advocate

Lawrence Gibson had much to celebrate when he dropped his car off at the mechanic on Monday afternoon. The 89-year-old was in good health, still…
Minnesota adds 1,900 jobs in September, a slight gain for the job market

Minnesota adds 1,900 jobs in September, a slight gain for the job market

The state is starting to see real wage growth.
Among parents, dads get all the fun and moms the stress and fatigue

Among parents, dads get all the fun and moms the stress and fatigue

Mothers and fathers are both happier when they're with their children, but 1950s-era parenting roles persist. And it's taking a toll on mom.
Twin Cities janitors unionize after retailers pressure contractors

Twin Cities janitors unionize after retailers pressure contractors

Twin Cities area is first major metro to have such workers as part of labor group.
Kashkari: Wells Fargo accounts scandal was just 'bad management'

Kashkari: Wells Fargo accounts scandal was just 'bad management'

Leadership, not bank size, was issue, Minneapolis Fed chief says.
Hot Mankato has jobs, but it just needs workers to fill them all

Hot Mankato has jobs, but it just needs workers to fill them all

Mankato and the surrounding towns boast the fastest-growing economic output of any Minnesota metro area. But that prosperity is not creating enough of the high-paying opportunities that would enable Mankato to retain educated, skilled workers.
Minn. AG questions Wells Fargo's tactics in disputing fake accounts

Minn. AG questions Wells Fargo's tactics in disputing fake accounts

Minnesota's attorney general weighed in on the Wells Fargo scandal, demanding that the bank end the practice of forcing customers into binding arbitration when they have a dispute with the company.
Measured in Big Macs, U.S. workers are doing great

Measured in Big Macs, U.S. workers are doing great

In China, workers earn about half a Big Mac for the same work that earns an American almost two-and-a-half.
Minneapolis Fed: Reining in big banks could spur shadow lending

Minneapolis Fed: Reining in big banks could spur shadow lending

Minneapolis Fed worries that shadow banking could fill in gaps of traditional lending.
Inside Wells Fargo, front-line employees describe big pressure, few rewards

Inside Wells Fargo, front-line employees describe big pressure, few rewards

Carolyne Giancola knew how to take “no” for an answer, but she says her bosses didn’t. When she worked as lead teller at the Elliot…
October 2015: Greater MSP group launches new front in war for talent

October 2015: Greater MSP group launches new front in war for talent

Low unemployment, aging workforce push companies to launch new initiative.
Kashkari takes to Twitter #economicscanbefun

Kashkari takes to Twitter #economicscanbefun

He's a fan of low interest rates and the Cleveland Browns.
Twin Cities economy posts solid gain in 2015

Twin Cities economy posts solid gain in 2015

The Twin Cities economy grew 2.7 percent last year. Here's how it fit in with the rest of the country.
U.S. Bank jumps into gaps left by megabanks

U.S. Bank jumps into gaps left by megabanks

The post-2008 regulatory squeeze on the world's largest banks has a silver lining for U.S. Bancorp: It's boosting the company's national ambitions.
U.S. Bank CEO says employees will be 'let go' if they slam Wells Fargo

U.S. Bank CEO says employees will be 'let go' if they slam Wells Fargo

Richard Davis makes clear that his firm's employees are not to exploit scandal.
U.S. Bank has branches in 25 states, and that won't change soon

U.S. Bank has branches in 25 states, and that won't change soon

CEO Richard Davis said this week he doesn't want to be in a market unless U.S. Bank is in the top 3 for market share.
Minnesota lost 1,500 jobs in August

Minnesota lost 1,500 jobs in August

Unemployment overall ticked up, but estimates of black unemployment are falling.

Minneapolis Fed searches for new research director

Sam Schulhofer-Wohl had been in the position since 2013 but is moving to the Chicago Fed.

Economic outlook brightens in rural Minnesota, a little

Good-paying jobs still a worry, but residents in central and west-central Minnesota are the most optimistic.
Meet the 'thug in pastels' who is reshaping Minneapolis politics

Meet the 'thug in pastels' who is reshaping Minneapolis politics

Javier Morillo's brash rise through union ranks earned him enemies in politics, business.
Fed chief Kashkari turns attention to American Indian economic struggles

Fed chief Kashkari turns attention to American Indian economic struggles

Kashkari met with leaders for update on challenges.

U.S. Bank rolls out checkless account aimed at the underbanked

The Minneapolis firm will open checkless "Safe Debit Accounts" for those outside the financial mainstream.

Minnesota adds 11,300 jobs in July

After a slow start to 2016, the state has added 26,900 jobs since the beginning of April.
U.S. is pillar of strength in trade, Treasury chief says

U.S. is pillar of strength in trade, Treasury chief says

Jack Lew lauds Minneapolis as prime economic example during visit
When I Work will move from St. Paul to Mpls. North Loop this fall

When I Work will move from St. Paul to Mpls. North Loop this fall

When I Work, which makes popular app for job scheduling, has outgrown the Drake Building.
Minneapolis Fed chief Neel Kashkari calls some racial disparity 'a crisis'

Minneapolis Fed chief Neel Kashkari calls some racial disparity 'a crisis'

He met with Twin Cities activists on Wednesday.
U.K. consul general: As trade partner, foreign investor, Twin Cities equal to Chicago

U.K. consul general: As trade partner, foreign investor, Twin Cities equal to Chicago

He said the U.K.'s new trade office in Minneapolis, which he requested a year ago, should open by the end of 2016.
Dark clouds loom for farmers and their bankers as crop prices languish

Dark clouds loom for farmers and their bankers as crop prices languish

Year 2 of losses strains lenders' patience, farmers' resolve.
Rep. Erik Paulsen optimistic TPP can get approval after election

Rep. Erik Paulsen optimistic TPP can get approval after election

The congressman says the trade deal is about more than economics.
U.K. will open new trade offices in Minneapolis, two other cities

U.K. will open new trade offices in Minneapolis, two other cities

The United Kingdom is the ninth-biggest buyer of Minnesota exports.
6 takeaways from Minnesota's June jobs report

6 takeaways from Minnesota's June jobs report

Unemployment held at 3.8 percent for the fourth straight month.

For U.S. Bancorp and a Philadelphia businessman, a bankruptcy case that will not die

A businessman who U.S. Bancorp pushed into bankruptcy has fought back in courts and won several victories, but the Minneapolis bank company says it's not over.
Outstate Minnesota businesses slipping behind firms in Twin Cities

Outstate Minnesota businesses slipping behind firms in Twin Cities

Chamber finds they trail in creating new products, exporting and hiring.
U.S. Bank shifts on instant payments, will offer them for free

U.S. Bank shifts on instant payments, will offer them for free

The news highlights the fast-moving landscape of services via smartphone.
Minnesota construction unemployment nears rock bottom

Minnesota construction unemployment nears rock bottom

Construction unemployment in the state fell to 2.1 percent in May, its lowest level since 2001, and the third-lowest rate in the country, according to estimates released Tuesday by Associated Builders and Contractors, a national trade group.

Stonebridge Bank to be acquired by Western Bank

Combined, there will be 7 Twin Cities locations.

After Brexit, the future is as clear as London fog for Minnesota firms

Uncertainty descended Friday on Minnesota firms that do business in Europe, as they wrestled with the effects of Britain’s startling decision to exit the European…
Who has money in Minnesota and Midwest? 5 new lessons

Who has money in Minnesota and Midwest? 5 new lessons

Personal income is growing slower here than in the nation, but it's still relatively high.
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