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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
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.
Minnesota grew more than neighbors, but pace is slowing

Minnesota grew more than neighbors, but pace is slowing

Minnesota’s population grew at a steady pace in 2014, but the outflow of residents to other states continues to create an undertow as the state grapples with the reality of a slow-growing workforce.
Local builders worry about shortage of workers

Local builders worry about shortage of workers

Retirements, recession exodus have shrunk construction workforce.
US Internet to offer ultra-fast connections in Minneapolis

US Internet to offer ultra-fast connections in Minneapolis

US Internet, the Minnetonka firm that provides wireless Internet to a large part of southwest Minneapolis, announced Tuesday that homeowners and small businesses in Minneapolis will be able to buy 10 gigabit per second Internet service.
Last 'saltie' ship of 2014 leaves Duluth harbor for Atlantic Ocean

Last 'saltie' ship of 2014 leaves Duluth harbor for Atlantic Ocean

The last oceangoing vessel of the year departed the Twin Ports on Saturday.
Minnesota jobless rate hits lowest level since 2001

Minnesota jobless rate hits lowest level since 2001

November’s 3.7 percent rate kept growth on a roll.
Pohlad family ends direct ownership of banks

Pohlad family ends direct ownership of banks

The Pohlad family is getting out of banking, selling the financial arm of a business portfolio for $182.5 million.
Millennials thinking outside the cubicle, favor job flexibility

Millennials thinking outside the cubicle, favor job flexibility

Weary or wary of corporate America, a number of people under age 35 are rejecting the perceived stability of an office job for something more flexible.
Retailers ringing up strong holiday numbers

Retailers ringing up strong holiday numbers

Stronger job market, lower gas prices help fuel burst of year-end shopping.
Minneapolis Fed president Kocherlakota to step down in 2016

Minneapolis Fed president Kocherlakota to step down in 2016

In a surprise move, the president of the Federal Reserve Bank of Minneapolis, Narayana Kocherlakota, announced Friday that he will not seek a second term as leader of the bank.

Cleaning company signs agreement with janitors, SEIU

An Ohio company signed an agreement with the union that is trying to organize janitors.
Minnesota's birthrate continues to decline

Minnesota's birthrate continues to decline

A five-year dearth of babies, also reflected in national numbers released this past week, is likely the result of continued economic uncertainty and cultural assimilation by minority groups, which saw their fertility rates fall surprisingly fast in the past four years.
Airport workers briefly shut down access to MSP during protest

Airport workers briefly shut down access to MSP during protest

Workers protesting wages at the Minneapolis-St. Paul International Airport briefly shut down access to Terminal 1 on Friday afternoon. The group of about 100 people, representing several local labor organizations, blocked the road to the departure access road, causing traffic to back up for about 20 minutes.
Unemployment for Minnesota's black workers has been halved since 2011

Unemployment for Minnesota's black workers has been halved since 2011

The unemployment rate among blacks has been cut in half since 2011 and is now even a little lower than pre-recession levels. Estimates of black unemployment fell from 15 percent in October 2013 to 10.8 percent last month, according to census data.
First Avenue's 'caser' opens up

First Avenue's 'caser' opens up

In downtown Minneapolis, First Avenue’s ‘caser’ makes the rounds during shows, keeping viewers, and bands, happy.

Unions plan Black Friday strike to kick off series of protests

Janitors seek higher wages and benefits, while other workers plan to promote their causes.
U.S. Bank to add 2,000 workers in 2015

U.S. Bank to add 2,000 workers in 2015

CEO Richard Davis says the economy is getting stronger and business should grow.
Minnesota adds 9,500 jobs in Oct.; jobless rate falls to 3.9%

Minnesota adds 9,500 jobs in Oct.; jobless rate falls to 3.9%

Minnesota’s unemployment rate fell to 3.9 percent, the lowest level since June 2006.
Census Bureau wants to stop collecting marriage, divorce data

Census Bureau wants to stop collecting marriage, divorce data

Demographers say the Census Bureau’s proposal would deprive the U.S. of important economic data.
Northern long-eared bat is not endangered, state conservation groups say

Northern long-eared bat is not endangered, state conservation groups say

Minnesota’s timber industry is hoping that it will avoid logging restrictions now that many forest and wildlife associations have concluded that the northern long-eared bat…
Legal shift could alter franchise model

Legal shift could alter franchise model

Under a new interpretation, unions could target parent companies with unfair labor practice claims and organizing efforts.
These businesses love when it snows

These businesses love when it snows

Not everyone is saddened by an early November snowstorm. Businesses across the state — snowmobile dealers, ski shops, hardware stores and even towing and auto body shops — are rubbing their hands with glee.
Low rents in rural Minnesota stymie new housing

Low rents in rural Minnesota stymie new housing

It is a growing conundrum across the Midwest: Prosperous towns like Roseau, Minn., complain that a housing shortage slows economic growth. Developers say it makes no financial sense to build apartments in these towns without subsidies.
The key to growth at Thief River Falls' Digi-Key

The key to growth at Thief River Falls' Digi-Key

The Thief River Falls company has prospered by supplying small volumes of electronic components to engineers.
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