Staff Directory 232499901

Evan Ramstad

Business Team Leader | Newsroom
Phone: 612-673-4241
Location: Minneapolis
Other languages: None

Evan Ramstad is a team leader in business news, working with reporters who cover the food industry from field to fork. He also writes about technology, banking and the economy.

He moved to the Twin Cities and joined the Star Tribune in 2013. Ramstad previously worked for The Wall Street Journal in Seoul, Hong Kong and Dallas, and the Associated Press in New York, Washington and Dallas and briefly at the St. Paul Pioneer Press. He grew up in Grinnell, Iowa, where he got a start in journalism at radio station KGRN.
Recent content from Evan Ramstad
Bite Squad driver Brent Mellett picked up orders at restaurants and delivered them to customers around Minneapolis Wednesday afternoon. Bite Squad sol

Speed counts in food deliveries, and in mergers like Bite Squad and Waitr

With merger, Bite Squad and Waitr vie for market share
Skywater Technology's Director of Production Eric Schneider, gave a tour of production at Minnesota's biggest chip plant, Wednesday, May 22, 2019 in B

Why computer-chip factories from the 1980s are still going strong in Bloomington

The rise of specialty chips in all kinds of things has given new life to older factories across the U.S.

Calabrio buys Swedish software firm Teleopti

The deal combines workforce management tools with customer engagement software.
Economies of scale: TCF Financial Corp.’s move to join with Detroit’s Chemical Financial Corp. this year was described as “a merger of equals.�

The digital-first era begins to shake up Minnesota's finance giants

The biggest move over the past 12 months was TCF Financial Corp. merging with Chemical Financial Corp. of Detroit.
Rendering shows the O'Shaughnessy Distillery planned along Malcolm Avenue in the Prospect Park neighborhood of Minneapolis.

Plans unveiled for new distillery near Surly brewery in Minneapolis

Cousins Michael and Patrick O'Shaughnessy, Walls Cos. are behind the project.
Lowell Wakefield, owner of First Minnesota Bank, is selling the firm, which has a sizable presence in the western metro area, to CorTrust Bank of Mitc

First Minnesota Bank sold to S.D. firm as longtime owner Wakefield retires

CorTrust, a fast-expanding South Dakota bank, will extend its reach in towns around the Twin Cities.
Gov. Tim Walz helped negotiate the two-year, $48.3 billion general fund budget.

Amid budget noise, Minnesota's government grows about the same speed as the economy

It took a special session to reach a budget deal, but key economic traits unchanged.
Seymour Cray, founder of Cray Research, and the company's first supercomputer, the Cray-1.

Even as the company is sold, the Cray name will still be seen in high tech

Hewlett Packard Enterprise announced its purchase of the Minn.-founded firm last week.
Samsung's S10 5G phone sits in a cupholder at U.S. Bank Stadium as a speed test is displayed on the screen. The phone downloaded data at the rate of 8

Samsung, Verizon launch first 5G phone, entry price is $1,300

As phone arrives, Minneapolis is in the spotlight as one of two U.S. cities with a live 5G network.
Cale Johnston, founder and chief executive of ClickSwitch

ClickSwitch secures $13 million in second capital-raising in 10 months

The Minneapolis company developed a system for banks to move a person's direct-deposit and bill-payment information in one click.
President of the Federal Reserve Bank of Minneapolis Neel Kashkari

Even with unemployment at 50-year low, Kashkari says it's not the time to raise interest rates

The job scene is not as good as the unemployment rate makes it seem, Minneapolis Fed chief says.
Thrivent Financial will trim about 500 jobs, including about 430 through early retirements.

Thrivent cuts nearly 500 jobs with Brightpeak closure, early retirements

The member-based investment firm aims to trim $40 million in annual expenses.
Cale Johnston, founder and chief executive of ClickSwitch

ClickSwitch gets big win with T-Mobile's banking service as a customer

T-Mobile's new banking service created a surge of customers for ClickSwitch.
Xcel's first-quarter profit rose 8% as demand for natural gas surged during the snowy and cold winter.

Xcel profit rises 8% as cold, snowy winter pushed demand for natural gas and electricity

Xcel Energy Inc.'s first-quarter profit rose 8%, shaped by stronger margins in both electricity and natural gas services.Xcel, Minnesota's biggest utility, said Thursday it earned…
TCF Bank Dinkytown Branch photo

As merger inches forward, TCF Financial holds expenses in line

The firm's short-term profit growth hinges on controlling expenses.
U.S. Bank will open 10 branches in the Charlotte, N.C., market during the next year and a half. The branches will have a new design that puts computer

U.S. Bank to open branches in Charlotte, N.C., home turf of Bank of America

North Carolina branches will be first step of planned expansion into southern U.S.
U.S. Bank over the next two years will reshape its network of 3,000 branches in 25 states with closures, remodelings and openings. When it's done, exe

U.S. Bank to trim 300 branches during network overhaul

As more people bank online, fewer locations are necessary.

Job growth has stalled in Minnesota

Minnesota is down 2,700 jobs during the first three months of the year.
U.S. Bancorp said its first-quarter profit rose 1.4%, led by higher interest income.

U.S. Bank execs confident about economy as current expansion nears record

U.S. Bancorp leaders join other financial executives who believe expansion will continue
Starting Tuesday, Bite Squad will begin deliveries of breakfast items from about 30 restaurants in the Twin Cities.

Bite Squad begins delivery of breakfast from about 30 Twin Cities restaurants

Many people get up too late or are simply too busy to make breakfast. Now, Bite Squad will cover the people who are even too…
Susan Evans, founder of Evans Larson Communications, with company leaders Elizabeth Pavlica, Paul Konrardy, Margo Hileman and Teresa McFarland.

Evans Larson PR firm pivots with expertise in Facebook

How a Minneapolis public-relations company became more like a media firm, with a particular expertise in Facebook.
Neel Kashkari, here in a 2015 file image, is president of the Federal Reserve Bank of Minneapoli.

Minneapolis Fed's Neel Kashkari still worries that megabanks need more capital safeguards

During a Twitter exchange, the Mpls. Fed leader raises the too-big-to-fail specter.
Verizon launched 5G network coverage in limited parts of Minneapolis and Chicago last week. File photo of Verizon’s display of 5G-capable smartphone

In Final Four's wake, Mpls. is left with cutting-edge 5G wireless network

Service limited to parts of downtown, megamall.
Bank of America’s new locaton in the IDS Skyway. Bank of America is planning a big expansion in the Twin Cities, the heart of Wells Fargo and U.S. B

Bank of America to beef up its branch presence in the Twin Cities

Company will add seven more in Twin Cities, where it had no branches four years ago.
Matt Matsui, Calabrio’s chief product officer

Calabrio rolls out new version of customer interaction software, pushing beyond call centers

Minneapolis company has doubled in size since 2016, plans office move.
Ameriprise Financial headquarters in Minnespolis. Star Tribune file photo

Ameriprise sells auto and home insurance business for $1.05 billion

Mpls. firm is reshaping itself, selling its home and auto insurance arm to American Family.
Actress Pooja Shah depicts a U.S. Bank customer in one of the commercials in a new campaign designed to show the bank's role in everyday life.

U.S. Bank to launch ad campaign focused on everyday banking and new app

The bank is shifting from ads that emphasized "possibilities" to those that depict outcomes.

Wells Fargo to lay off 200 from Bloomington operation it is closing

Wells Fargo notified state officials that it will eliminate about 200 jobs at an office in Bloomington from which it provides payroll services to businesses.The…
The new Bibelot-GoodThings store in Linden Hills, several doors down the street from where Bibelot used to be.

GoodThings burrows a little bit deeper into the Linden Hills area of Minneapolis

Retailer moves just-purchased Bibelot down a few doors and opens a clothing-only store.
This undated photo provided by Google shows a Google data center in Hamina, Finland.

Sherburne County offers incentive to Google to build Minnesota data center

The company will get a break on the county's portion of the property tax on the 300 acres where it would be built.
Minneapolis Fed President Neel Kashkari, shown in a 2015 file image, has resisted interest-rate hikes and supported the central bank's decision to ess

After Fed halts rate hikes, Kashkari signals a rethink on fundamental measure

Kashkari, long a dove on hikes, has new thoughts on fundamental measure.
U.S. Bank senior executive Gareth Gaston led the core group that designed the app. He said in order to be helpful to customers, the new banking app sh

U.S. Bank gets ready to roll out a whole new app

The app, which took hundreds of U.S. Bank employees a year to build, reflects a new relationship between banks and customers.
Last month's cold and snow brought out a halt to some construction work around the state, contributing to a decline of about 8,800 jobs in the Minneso

Winter wiped out 9,000 Minn. jobs, may signal a bigger turn

Minnesota lost 8,800 jobs in February. U.S. job growth also slowed and Minnesota lost jobs over a 12-month period for the first time since 2010.
CEO Aaron Kardell of Minneapolis-based HomeSpotter. The acquisition of Spacio gives it a new app to offer real estate companies and their agents.

HomeSpotter's software suite helps keep real estate agents in the know

HomeSpotter, well past the startup stage, has rounded out a suite of products for use by real estate companies
Target Field vendor Delaware North will be using texts and video chats instead of in-person interviews for many hires at Target Field this year.

You could get a job at Target Field using only your smartphone

Delaware North says it aims to let job applicants know within two days if they are hired to work at Twins games by using texts and video chats instead of in-person interviews.
A new Wells Fargo website will provide resources and information to customers who are eligible for restitution.

Victims of Wells Fargo fake-account scandal can use website to seek restitution

Funds from suit filed by attorneys general are now available to be claimed.
As other MBA programs shrink, the Carlson School of Management has seen strong enrollment growth in its degree in data analytics.

U of M's Carlson School sees growth in business analytics program

This master's program in the Carlson School has become increasingly popular.
Dalton Scott, a recruiter for Twin Cities startups and small tech companies, left, and Corwin Harris, in from Michigan for Twin Cities Startup Week in

With a new campaign, Greater MSP makes a push for tech talent and firms

Region has 50,000 tech openings, agency says.
The American bison, or buffalo, was once prolific across the western U.S. before the years immediately following the Civil War, when they were killed

American Indians haven't recovered from costs of buffalo slaughter, study says

Tribal nations that once relied on bison have per capita incomes today that are 20 to 40 percent below the average of all American Indian nations.
AT&T said this week it was adding the Twin Cities to its rollout of 5G this year.

AT&T says 5G rollout will reach Twin Cities this year

The precise scale of the service is still to be determined as consumers wait for smartphones that can handle 5G.
The University of Minnesota has launched a business incubator called Discovery Launchpad to help researchers form companies.

University of Minnesota adds business incubator to help researchers start companies

Launchpad program is filling gap between grant funds, investor support.
ClickSwitch CEO Cale Johnston developed software that lets customers move their entire banking relationship with the click of a mouse or tap on a scre

Minneapolis fintech company makes it easier to move bank accounts around

ClickSwitch's technology may force banks to fight harder for the most lucrative customers.
Twins owner Jim Pohlad

Pohlad joins other sports team owners in bid for Fox sports networks, report says

Minnesota Twins owner joined with Malone, Gore, report says, but the structure for selling 21 networks is fluid.

Jamf adds to education market reach with purchase of European firm

ZuluDesk is a Dutch distributor of Apple gear to schools and universities.
Smoke rises from the chimneys of homes in St. Paul's West 7th neighborhood Wednesday, Jan. 30, 2019, as furnaces tried to keep up with the record brea

Xcel looking into why its natural gas system failed some customers

It's unclear where the pinch point happened for Xcel's delivery of natural gas on Wednesday.
United Natural Foods, which bought Supervalu last year, is accusing Goldman Sachs of fraudulent behavior in its dual role as adviser and fund-raiser o

United Natural Foods sues Goldman Sachs over its help in Supervalu deal

United Natural Foods expected "ethical counsel" from major banks in $2.9 billion deal.
Michael Noble, founder of Apruve, a Minneapolis-based fintech company that just raised $6 million in a Series A round.

Another Minneapolis fintech, Apruve, gets Series A round of $6M

Firm created a platform to speed up payments in business transactions.
Target says it will soon accept Apple Pay and other "contactless" payments.

Target joins 'contactless' wave, accepts Samsung, Apple, Google payments

The chain's 1,800 stores will all take payments by "tap" within a few weeks.
Darrell G. Seki, Red Lake Nation chairman, said the nation is doing everything it can to keep services intact and people employed.

Government shutdown hits Indian reservations harder than most places

Red Lake Nation chairman said federal standoff has caused a cash-flow crisis.
More banks are offering breaks on fees and even no-interest loans to government workers who aren't being paid.

More banks, including Old National and Great Western, offer help to government workers

Two more in Minnesota join those cutting fees and offering low-cost loans.
Minnesota is adding jobs at a slower rate than the nation and the state's jobless rate held at 2.8 percent for the fourth month in a row, suggesting t

Minnesota gets closer to job peak, but companies are still hiring

Jobless rate stayed at 2.8 percent for a fourth month, but companies are still hiring.
U.S. Bancorp said its profit rose 10 percent in the last three months of 2018.

With loans growing and profits high, U.S. Bank is upbeat about 2019

After record profit in 2018, banking giant sees strong loan growth continuing.
Bart Becht, chairman of JAB Holdings, which owns Caribou Coffee and other major food brands, stepped down Monday in a shakeup at the investment firm c

Chairman of Caribou's German parent resigns, reportedly over strategy

It signals a turning point for Caribou's parent company.
This undated photo provided by Google shows a Google data center in Hamina, Finland. The Washington Post is reporting Wednesday, Oct. 30, 2013, that t

With Google project, Minnesota joins the boom in megasized data centers

Google's proposed data center in Becker would join a regional boom
This Wednesday, May 3, 2017, photo shows a U.S. Bank branch in Omaha, Neb.

U.S. Bank offers nearly interest-free loans to customers who are government workers

The company is offering loans of up to $6,000 that must be repaid in a year.
This undated photo provided by Google shows a Google data center in Hamina, Finland.

Google looks at building $600 million data center in Becker

The development would be powered by two dedicated wind farms, according to a regulatory filing by Xcel.
In 2016, a man used his mobile phone near an Apple store in Beijing.

How the Apple aftershock was felt in Minnesota and consumer wallets

Few corporate revenue warnings echo the way Apple's did last week.
In a difficult year for investors, UnitedHealth Group, the state's most valuable company, remained one of the stronger performers among Minnesota and

In a down year for stocks, Minnesota-based companies trail broader markets again

An index of about 50 Minnesota firms showed slightly worse results than the overall market.
Gene Munster of Minneapolis-based Loup Ventures missed on a prediction that Amazon would buy Target in 2018. But he thinks it could still happen in co

Amazon didn't buy Target in 2018, but top tech forecaster says that still makes sense

Tech analyst still thinks a Target-Amazon marriage could be in the cards some day.
A federal government watchdog has has ended intense scrutiny of U.S. Bancorp’s anti-money laundering practices. (TOM SWEENEY/Star Tribune file photo

Government watchdog ends intense oversight of U.S. Bank's fight against money laundering

The OCC order dealt with anti-money laundering practices by the company.
Arby's sign

An Arby's closes and a fast food gap emerges in downtown Minneapolis

Without notice or a farewell, Arby's closed its downtown Minneapolis restaurant the weekend before Thanksgiving and a gap suddenly became clear: the biggest fast food joints have abandoned the heart of the city.

Thomson Reuters cutting workforce by 12 percent; Eagan layoffs complete

Company to trim 12 percent of its global staff; workers say layoffs at Eagan office ongoing.
People in the First Ave. Main Room networked while waiting for the Demo Day program to begin.

Target will be joined by Germany's Metro in next year's Techstars program

Big retailers to invest in series of startups, offering money and expertise to create technology.
Laurie Nordquist is a longtime Wells Fargo employee who became CEO of its Minnesota banks and president of its Upper Midwest region in July.

Laurie Nordquist becoming a Wells Fargo executive in Minnesota at a tumultuous time

In her first months on the job, Nordquist has visited about 50 of the 350 branches she leads.
From left, Adam Lerner, CEO, Margaret Thomas, CFO, and Andy Cummings, editor in chief, at Lerner Books, which has purchased San Francisco-based Zest B

Minnesota book firm Lerner buys Zest to enhance its teen books profile, expand reach in stores

The deal is another step in company's desire to move beyond schools and libraries
A recent Minnesota Monthly cover.

Minnesota Monthly to reduce print frequency to 6 issues a year

But the magazine will keep "monthly" in the title.
The Concierge Apartments in Richfield, shown in a file photo taken during its renovation in 2015 and 2016, has been sold to a California real estate i

Concierge Apartments in Richfield, site of controversial renovation, sold

The sale comes just months after owners settled a lawsuit with displaced tenants.
Tom Goodmanson, CEO of Calabrio

KKR raises its investment in Minneapolis-based Calabrio

The funds will help Calabrio advance its customer-service analytics software and services.
Charlie Youakim, CEO of Sezzle, said the company is working to attract larger retailers. Behind him are co-founders Killian Brackey and Paul Paradis.

Sezzle develops pay-in-2019 option with online retailer Tobi

The Minneapolis fintech firm is testing a longer payment window as it pushes into more merchants.
“I joke that there are two risks with AI: using it and not using it,” said David Berglund, vice president of artificial intelligence, U.S. Bancorp

At U.S. Bancorp, David Berglund sorts hype, promise of artificial intelligence

Almost nothing gets as much buzz in executive suites these days as AI.
The new Dunkin' location in Richfield is the first in the Twin Cities with the restaurant chain's new stripped-down identity and dressed-up layout.

The latest Dunkin' in the Twin Cities is just a Dunkin'

The new location in Richfield also has a layout that resembles a coffee shop.
FILE- In this Sept. 27, 2018, file photo a bilingual help wanted sign for Auto Zone is posted outside the store in Canton, Miss.

Minnesota adds 3,400 jobs in October; unemployment holds at 2.8 percent

Overall hiring is slower in Minnesota than last year, but it hasn't topped out yet.
Sen. Ron Johnson, R-Wis., and Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, spoke at a regional economic conference focused on

Sen. Ron Johnson says illegal immigration needs to be fixed before other reform

Key GOP senator says 'political reality' demands solution to illegal immigration problem before addressing the nation's worker shortage.
“It’s always an 80-percent solution from tech. It’s not a 100-percent solution,” says Lucie Greene, an author and director of a media agency.

Tech industry needs to fix itself before trying to fix the world, writer says

It is flaw-filled, she believes, yet it thinks it has every answer.
Raymond Plank, above, was declared “downright interesting” by a Star Tribune columnist before Apache’s Minnesota exit.

Raymond Plank, energy innovator and colorful Minnesota business figure, dies at 96

Plank was philanthropic while co-founding a major energy firm in Minnesota
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