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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
Women drive success of Somali mall in south Minneapolis

Women drive success of Somali mall in south Minneapolis

The women who run the shops cover their heads, and many of them believe it is a man’s responsibility to pay bills for the family. Yet they prize entrepreneurship.
Comcast to double Internet speeds for many in Twin Cities, for free

Comcast to double Internet speeds for many in Twin Cities, for free

The move is the latest attempt to expand broadband service in the Twin Cities metro area.
Jobless rate climbs as Minnesota loses 3,900 jobs in July

Jobless rate climbs as Minnesota loses 3,900 jobs in July

The state’s unemployment rate ticked upward to 4 percent.
In Minn. timber country, no love lost between logger and giant paper mill

In Minn. timber country, no love lost between logger and giant paper mill

A nearly two-year-old fight between a local businessman and the multinational corporate owner of an International Falls paper mill is distorting wood prices in northern Minnesota, upsetting other loggers and causing anxiety in the city as the mill’s workforce shrinks.
Loonie's swoon makes for deals on other side of Minn.-Canada border

Loonie's swoon makes for deals on other side of Minn.-Canada border

Canadian dollar at its weakest point in 11 years, so Minnesotans get better deals north of border

Minnesota job market grows a little in June

Jobs added in construction, private education and health care, but pay is stagnant.
U.S. Bank's profit falls slightly as revenue declines

U.S. Bank's profit falls slightly as revenue declines

Its per-share profit met expectations as the nation’s fifth-largest bank continues to grapple with low interest rates.
Fast-growing When I Work to acquire ShiftHub, raises another $5 million

Fast-growing When I Work to acquire ShiftHub, raises another $5 million

The fast-growing St. Paul maker of scheduling software attracts funding, acquires competitor
Giant brand may be price for Vikings giant stadium

Giant brand may be price for Vikings giant stadium

People attentive to architecture and design say the look of the building will be weakened by its heavy commitment to branding.
As travelers carry less cash, will ATMs at airports go the way of phone booths?

As travelers carry less cash, will ATMs at airports go the way of phone booths?

MSP officials struggle to drum up interest from major financial companies to place ATMs in the airport.
African immigrants found to be a powerful economic force in Twin Cities

African immigrants found to be a powerful economic force in Twin Cities

Concordia report shows they’re an economic force in Twin Cities.

CoCo to open co-working space in northeast Minneapolis

Its fourth location will be in the Van Buren building this month.
Overtime plan is latest battle in debate over economic fairness

Overtime plan is latest battle in debate over economic fairness

President Obama will visit La Crosse, Wis., today to make the case that the federal government should require employers to pay overtime to all salaried workers who earn less than $50,000 per year.
Minnesota Chamber of Commerce names Douglas Loon as new president

Minnesota Chamber of Commerce names Douglas Loon as new president

The longtime U.S. Chamber operator takes over the state’s largest business lobby group.
Judge: Timberland value plummets after conservation easement

Judge: Timberland value plummets after conservation easement

A court found that four counties valued Blandin’s timberland too high; they face a drop in tax revenue.
Trains are wrecking one tiny Minnesota town's quality of life

Trains are wrecking one tiny Minnesota town's quality of life

RANIER, Minn. ­– The whistle from across the border gave warning, as it does 22 times a day, that anyone with places to go…
With name on new Vikings stadium, U.S. Bank's visibility grows

With name on new Vikings stadium, U.S. Bank's visibility grows

The Vikings stadium naming deal is a small part of the bank’s marketing budget, but it expects big benefits for its brand
Minnesota job market flat in May, unemployment rate ticks upward

Minnesota job market flat in May, unemployment rate ticks upward

A two-year downward trend in job creation continued during May.
Dayton signs bill to allow equity crowdfunding

Dayton signs bill to allow equity crowdfunding

A bill that makes it easier for start-up companies to raise capital in Minnesota became law Monday when Gov. Mark Dayton signed the legislative session’s…
Economic growth slowed in Minnesota, Midwest last year

Economic growth slowed in Minnesota, Midwest last year

After a period of outpacing the nation, Minnesota’s growth was dampened by slowdowns in farms and mines
Dudley: Fed likely should raise rates before end of 2015

Dudley: Fed likely should raise rates before end of 2015

The chief of the New York Fed said there are a number of signs of a strengthening economy.
Minneapolis Fed leader maintains call for low rates

Minneapolis Fed leader maintains call for low rates

Narayana Kocherlakota says raising rates this year would be ‘a mistake’ with employment still subpar.
Bridge collapse near International Falls closes crucial rail corridor

Bridge collapse near International Falls closes crucial rail corridor

The fire and subsequent collapse of the timber bridge over the Rat Root River closes a rail artery that connects the Pacific Coast with Chicago.
Memorial Day weekend could see most road trips in years

Memorial Day weekend could see most road trips in years

Summer starts with Memorial Day weekend, and this year more of us will be going places.
Minnesota added 7,400 jobs in April, led by construction

Minnesota added 7,400 jobs in April, led by construction

Unemployment fell to 3.7 percent and labor participation is at the highest level since 2011.
Comcast plans higher-speed Internet service in Twin Cities

Comcast plans higher-speed Internet service in Twin Cities

Comcast said Thursday it will roll out several higher-speed Internet options to more than 600,000 homes in the Twin Cities this year.

Janitors for Macy's, Herbergers in Twin Cities sue over alleged abuses

Employees are accusing Capital Building Services Group of unpaid wages and other labor violations.

Airport commission tackles labor issues: Sun Country dispute, minimum wage

Sun Country pilot dispute fueled the decision by he MAC.
Bird flu crimps Minnesota economy by $310 million

Bird flu crimps Minnesota economy by $310 million

Outbreak has killed millions of birds and created economic ripple effects.
Airport appears set to lift minimum wage to $10

Airport appears set to lift minimum wage to $10

The leader of the Metropolitan Airports Commission has recommended that commissioners bow to union demands for a higher pay floor at the airport.
How an Iowa town caught 16,000 Minnesota speeders

How an Iowa town caught 16,000 Minnesota speeders

Cedar Rapids, Iowa, has become the ultimate speed trap in the Midwest, sending out tickets at an unprecedented rate, including to thousands of Minnesotans.
Trucks, SUVs driving increase in vehicle sales in Minnesota

Trucks, SUVs driving increase in vehicle sales in Minnesota

Vehicle sales jumped nearly 5 percent in the state last year; sales of trucks and SUVs increased solidly, while sales of cars, including hybrids, dropped.
Star Tribune 100: Signs point to a new round of companies going public

Star Tribune 100: Signs point to a new round of companies going public

Few Minnesota companies have gone public in recent years, but that soon may change
Campaign begins to raise $40M for new Dorothy Day shelter in St. Paul

Campaign begins to raise $40M for new Dorothy Day shelter in St. Paul

Business leaders are pushing to raise $40M for a new Dorothy Day Center
Mining slump has makers of big machines, parts feeling pain

Mining slump has makers of big machines, parts feeling pain

Idled mines, slowed oil production, soft agriculture all mean demand is down for manufacturers.
How forecast of Minn. high-skills jobs was twisted out of shape

How forecast of Minn. high-skills jobs was twisted out of shape

The share of jobs that require training beyond high school in Minnesota is growing only moderately.
Job prospects grow for Minnesota teens just in time

Job prospects grow for Minnesota teens just in time

This summer, when parents say “get a job,” it just might be easier, according to new data. Shops, restaurants and amusement parks are starting to hire summer workers now, and they say competition for employees is growing.
Mpls firm Sportradar US wins NFL deal, strikes blow against rival Stats LLC

Mpls firm Sportradar US wins NFL deal, strikes blow against rival Stats LLC

Mpls. company is a major player in gathering sports statistics
Obituary: John Mooty, powerful lawyer and former Dairy Queen chairman

Obituary: John Mooty, powerful lawyer and former Dairy Queen chairman

A son of the Great Depression from southwest Minnesota, John W. Mooty rose to become one of the most powerful lawyers and businessmen in the…
Bank of Japan chief Kuroda visits Minnesota, predicts 3% U.S. growth

Bank of Japan chief Kuroda visits Minnesota, predicts 3% U.S. growth

Haruhiko Kuroda, governor of the Bank of Japan, is expecting 3 percent growth by year’s end.
Minnesota adds 7,800 jobs in March, jobless rate holds at 3.7%

Minnesota adds 7,800 jobs in March, jobless rate holds at 3.7%

While employment in the state remains high, job growth is now slower in Minnesota than in the nation as a whole.
U.S. Bancorp leaders anticipate Fed will lift interest rates this fall

U.S. Bancorp leaders anticipate Fed will lift interest rates this fall

First-quarter profit climbed even though loan growth slowed. Interest rates will provide a lift.

Former official Carla Hills sees U.S. trade leadership eroding

Carla Hills blames it on an erosion of leadership.
Wages at MSP Airport become focus of anti-poverty drive

Wages at MSP Airport become focus of anti-poverty drive

New report shows that many East Africans in metro area work at MSP but still live in poverty.

FCC zaps CenturyLink with $16 million fine over 2014 911 outage

More than 6,000 callers to 911 service didn’t get through during a six-hour period last April.
Minneapolis Fed plans center for Indian reservation development

Minneapolis Fed plans center for Indian reservation development

It’s part of an effort to reduce poverty on reservations.
US Internet intensifies battle for high-speed dollar in south Mpls.

US Internet intensifies battle for high-speed dollar in south Mpls.

It’s planning an expansion that will test whether a local, private business can succeed in competition with the giants of the telecom industry.

Job vacancies in Minnesota rise to highest level since 2001

State’s labor market continues to tighten, but most of the openings are in low-wage jobs.
Colombian ambassador promotes his country's turnaround to Minnesotans

Colombian ambassador promotes his country's turnaround to Minnesotans

The country is seeking trade and education opportunities.
March 11: Target cuts come all at once

March 11: Target cuts come all at once

Target laid off 1,700 people all at the same time, by department. In the words of one employee who kept her job, “at least the Band-Aid is going to rip fast and this won’t be drawn out.”
March 10: Layoffs begin at Target; Dayton meets CEO Cornell

March 10: Layoffs begin at Target; Dayton meets CEO Cornell

Downsizing could take two years, but CEO assured Gov. Dayton company will keep strong local presence.
TCF Financial names new president

TCF Financial names new president

Craig Dahl, who has been at TCF for 16 years, most recently led its national lending business.

New way to raise capital takes a step forward in Minnesota

Minnesota may soon join other states in legalizing equity crowdfunding — investing rather donating.
Dollar's strength creates few problems in Minnesota, for now

Dollar's strength creates few problems in Minnesota, for now

Almighty greenback is great for U.S. tourists, but it hits Minnesota exporters in the pocketbook
Companies are reaching out to the new ex-Target workers

Companies are reaching out to the new ex-Target workers

A day after Target Corp. laid off 1,700 staffers at its Minneapolis headquarters, a new scramble began — among companies looking to hire them.
State's February job gain nears 12,000; unemployment holds at 3.7%

State's February job gain nears 12,000; unemployment holds at 3.7%

Last month’s gains created another milestone: over 3 million people now work in Minnesota.
U.S. Bank, 3M, Ecolab, Thrivent named among 'most ethical' businesses

U.S. Bank, 3M, Ecolab, Thrivent named among 'most ethical' businesses

The group featured U.S. Bancorp, 3M, Ecolab and Thrivent Financial.
From Sunday: General Mills, long steady, now struggles with changes and cuts

From Sunday: General Mills, long steady, now struggles with changes and cuts

Analysts have cheered the company for striving to reinvent itself as eating habits change. But the job cuts have upended the lives of hundreds of Minnesota families.
Plans for cooperative grocery in Willmar fall through

Plans for cooperative grocery in Willmar fall through

The group formed in 2010 but was unable to raise the $600,000 needed to kick things off.
Minnesota voices join trade deal push

Minnesota voices join trade deal push

The Obama administration is working to get approval for new Trans-Pacific Partnership.
Slow-to-rise wages undercut U.S. workers, recovery

Slow-to-rise wages undercut U.S. workers, recovery

In Minnesota, wages for new hires, adjusted for inflation, have fallen since 2006. And the share of jobs held by new hires is growing.
SportsData snares data services deal with NASCAR

SportsData snares data services deal with NASCAR

Minneapolis-based provider of sports info to online outlets makes first deal with a major governing body.

PolyMet gets $30M from Glencore for 2015 operations

The loan will cover PolyMet’s 2015 costs as it continues to seek state approval for a copper-nickel mine in northern Minnesota.
Couple highlighted in Obama's speech find spotlight can be harsh

Couple highlighted in Obama's speech find spotlight can be harsh

Held up by the president for their perseverance, Rebekah and Ben Erler now feel the backlash.
Minnesota lost 5,200 jobs in December

Minnesota lost 5,200 jobs in December

Minnesota’s unemployment rate continues to fall, with the latest reading at 3.6 percent.
While profit rises, U.S. Bancorp focuses on costs, waits for Fed hike

While profit rises, U.S. Bancorp focuses on costs, waits for Fed hike

Loan profitability will get a boost when Fed lets rates rise.
Obituary: Naseem Ansari helped his son build Surly Brewing

Obituary: Naseem Ansari helped his son build Surly Brewing

An engineer by training and brimming with ideas, Naseem Ansari arrived in the United States in 1956 seeking the American dream. By the time he…
U.S. Bank moves Cecere to operations chief

U.S. Bank moves Cecere to operations chief

Andy Cecere's move from finance to operations chief at U.S. Bancorp suggests he's in line to be the company's next top leader.
After failure in Canada, Target will focus on growth in U.S.

After failure in Canada, Target will focus on growth in U.S.

As Target flees its multibillion-dollar debacle in Canada, the giant retailer will have no choice but to find its next engine of growth within the…

Venture funding in state has best year since 2008

Minnesota’s biggest deals of 2014 were in medical devices, attracting nearly $250 million.
Microsoft helps big companies at local level

Microsoft helps big companies at local level

Microsoft’s local team has a focus on helping big companies collaborate and make better decisions.
Minnesota's economy finally gaining momentum

Minnesota's economy finally gaining momentum

An economy finally emerging from the doldrums is again offering opportunities to people sidetracked by the Great Recession.
Fed projects more growth in state for 2015

Fed projects more growth in state for 2015

State unemployment should fall further, economists say, but housing construction could be flat and agriculture a “mixed bag.”
Part 4: Raising children alone has gotten even tougher in recent years

Part 4: Raising children alone has gotten even tougher in recent years

Incomes have fallen noticeably for single moms and dads, compounding the many challenges they already face.
Ag slowdown hits incomes in Upper Midwest

Ag slowdown hits incomes in Upper Midwest

Minnesota has fifth-slowest income gain in nation; other Midwest states are also hurt.
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