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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
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
Crown Bank is suing three of its former officials and another bank.

Crown Bank sues ex-CEO, 2 other bankers who left for rival Tradition

Legal action claims trio took information to help their new employer.
Jostens designed the Packers� Super Bowl ring.

Jostens, Bloomington-based ring maker for students and NFL champs, sold for $1.3B

Minnesota maker of rings for students, NFL champs is sold to L.A. equity firm.

Embassy Suites in downtown St. Paul sold to Drury, will close for remodeling

St. Louis-based Drury said 116 people will be laid off during an overhaul.
Self Esteem Brands, parent of Anytime Fitness, bought Basecamp Fitness, which offers schedule, group-based workouts. Basecamp started in California an

Anytime Fitness parent joins group workout craze with purchase of Basecamp Fitness

Executives say the California-rooted Basecamp can grow to the size of the 4,000-unit Anytime.
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis.

Kashkari urges a pause in rate hikes to study jobs picture

His comments appear amid Trump's growing criticism of rate hikes.
U.S. Bancorp on Wednesday said its annual review process would lead to the elimination of about 700 jobs, or 1 percent of its workforce. But the compa

U.S. Bancorp is eliminating about 700 jobs amid business shifts

Job cuts happen annually at the country's fifth-largest bank, but it will end the year with 2,000 more workers.
United Natural Foods completed its $2.9 billion acquisition of Supervalu on Monday.

Supervalu off stock market for first time since 1967 as $2.9B deal completed

New owners seek buyers for grocery chains, including Cub Foods.

TCF's profit soars in summer months, but stock falls on expense questions

Analysts expressed concerns with the company's expenses.
Susan Langer, CEO of Live Give Save
There are big long-term goals for her company. “If you are employed, you should be able to tip or tax yourself o

Live Give Save founder Langer talks about the push for customers and capital

The beta test is done, the app is out and now it’s time to scale. Susan Langer’s Red Wing-based startup Live Give Save has reached…

Minn. jobless rate falls to 2.8 percent, but job market shrinks a little

September employment numbers signal a job market near a peak.
At U.S. Bank, one out of two customers now use the firm’s digital apps and online services. Its parent reported record quarterly profits on Wednesda

With profit rising, U.S. Bank passes a milepost in digital banking

Customer usage accelerates as U.S. Bank rolls out more services online and via apps.
Terry Rasmussen

Thrivent names first female CEO as Hewitt retires after 8 years at helm

The change comes as Thrivent continues trying to expand its membership base.
Ethan Otterlei, a principal product advisor at Zipnosis, left, discussed his company’s work with Minneapolis-based Allina Health Systems as an Allin

Twin Cities Startup Week isn't just for startups

Identifying and nurturing local talent in tech, innovation becoming key in all industries.
Recruiter Dalton Scott, left, and “fly-in” visitor Corwin Harris chatted at a WeWork office.

Startup Week 'fly-ins' get a $300 offer to check out Twin Cities job scene

The initiative, apparently unique among U.S. technology conferences, reflects the extreme need for tech workers in the Twin Cities.
Protesters marched to Delta headquarters earlier this week to protest the suspected firing of seven Muslim workers.

Seven plane cleaners at MSP, wrapped up in dispute with managers, back at work

They thought they were fired. The company said they weren't. A union helped them protest. They went back to work.
Nels Pederson, managing director of Beta.MN and an organizer of Twin Cities Startup Week, spoke at a meeting of local business and arts executives in

Twin Cities Startup Week is getting big. Could it become something like South by Southwest?

Some believe Twin Cities Startup Week could morph into something beyond a chatfest for entrepreneurs and investors.
Several dozen protesters marched to Delta headquarters to protest the firing of seven Muslim workers who had been allegedly fired for praying while wo

MSP plane cleaners say they were fired; employer says they were just in some trouble

Leader of all-Muslim cleaning crew said they took a prayer break when they had no planes to clean.
Cargill said its adjusted operating profit in the June-August quarter was flat, shaped by small declines in three of its four business units.

Cargill's net profit rises 5 percent, but adjusted earnings are flat

Its trading business saw an increase, but other units came under pressure this summer.

U.S. Bancorp sells its debit-card service business to Fiserv for $690 million

The business provides ATM-related services to other banks and credit unions.
Pauline, Sunny and Michelle Kwan of Keefer Court Bakery & Cafe stood behind a tray of mooncakes. Sunny Kwan is planning to retire and his wife, Paulin

Generational change comes to the oldest Chinese bakery in the Twin Cities

Sunny and Pauline Kwan have been rising early to make Chinese treats for 35 years. Now, it's their daughter's turn.
Valencia Hardy, who dropped out of high school, was hired by Doug Speedling Builders after attending Summit Academy.

For dropouts and other workers on the edge, employers have jobs

Employers are seeking ways to expand hiring pool amid surging economy.
.

Job vacancies in Minnesota climb another 16 percent to record

Tight labor market helps median pay of vacancies inch closer to $15 an hour.
Billion Dollar Whale, by Tom Wright and Bradley Hope

Review: 'Billion Dollar Whale,' by Tom Wright and Bradley Hope

NONFICTION: Reporters unravel schemes of financier at heart of Malaysian scandal.
The state's unemployment rate dipped below 3 percent for the first time since 1999.

Minnesota's unemployment rate dips to 2.9 percent, but hiring momentum stalls

The latest numbers suggest again that hiring is getting more difficult and the state is near full employment.
U.S. Bank is unveiling Simple Loan on Monday, putting the nation’s fifth-largest bank in more direct competition with payday lenders and other finan

U.S. Bank rolls out Simple Loan, offering small-dollar loans to compete with payday lenders

Small-dollar lending puts it in closer competition with payday lenders.
John Elmore, left, will retire as head of U.S. Bank's more than 3,000 retail branches in March. He will be succeeded by Tim Welsh, right, who will lea

U.S. Bank restructures retail operation as Elmore retires

The company will also appoint its first chief digital officer.

U.S. Bank unit Elavon buys Electronic Transaction Systems in fintech deal

The deal will allow Elavon to integrate payment processing into software developed by ETS, the companies said.
Thomas Sonderman, left, president of SkyWater Technology, and Brad Ferguson, senior director of sales, at the company’s Bloomington office and facto

At SkyWater, a project with DARPA could reshape the fortunes of a Minnesota chip factory

Old Control Data plant, now SkyWater Technology, takes a key role in getting the chip industry past the limits of tininess.
Laurie Nordquist, new lead region president for the Upper Midwest for Wells Fargo & Co. She will oversee banks in Minnesota and seven other states.

Wells Fargo veteran Laurie Nordquist to lead its banks in Minnesota, seven other states

Nordquist most recently was in charge of the company's personal and small business insurance unit.
Elite Airways plan to capitalize on expected demand from Mayo Clinic staff and patients has fallen through.

Elite Airways cancels plans for Rochester nonstop flights to Phoenix, NE Florida

The airline was canceling the planned routes and had already contacted ticketed passengers to make refunds.
The Minneapolis Fed created a webpage devoted to Alexander Hamilton's role in the creation of the nation's financial system and forerunner to the Fede

Minneapolis Fed jumps into the 'Hamilton' frenzy with exhibit, contest for students

A contest for high school and college students has as prizes an internship at the bank and two tickets to the show.

Supervalu shareholders approve new structure to assist selling off retail units

Supervalu Inc. shareholders have approved a reorganization of the food distribution firm that is designed to make it easier to sell its retail operations.The decision…

Minnesota adds 11,200 jobs in July; unemployment falls sharply for blacks, teens

May-to-July period was one of best for hiring that Minn. has seen since 1990.

At investment conference, executives discuss growth plans as fund managers contend with fee pressure

The CFA Society's annual gathering captured economic optimism and industry worry.
Golden Valley-based Buffalo Wild Wings is exploring ways to add sports betting to its chain of sports-themed restaurants. File photo of a Buffalo Wild

Buffalo Wild Wings might add sports betting to menu

Executives are exploring deals after Supreme Court opened door for betting in more states.
President Donald Trump displays the $1.5 trillion tax overhaul package he had just signed, Friday, Dec. 22, 2017, in the Oval Office of the White Hous

For Minnesota firms, tax cuts gave a boost to a robust spring, summer

Most of Minnesota's biggest companies have doubled, and in some cases more than tripled, their profit growth this year.
Karl McDonnell, right, is the CEO of the combined Strayer-Capella, and Kevin Gilligan, left, is vice chairman.

Changing competition, technology pushed Capella and Strayer together

Other for-profit educators sold because they were withering, but these firms were thriving.
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