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Neal St. Anthony

Columnist, reporter | Business
phone: 612-673-7144
Neal St. Anthony has been a business columnist and reporter for the Star Tribune for 30 years. He also has worked in financial communications for two publicly held companies.
Recent content from Neal St. Anthony
Neal St. Anthony: Nonprofit Microgrants selects Don Samuels as CEO

Neal St. Anthony: Nonprofit Microgrants selects Don Samuels as CEO

In his latest career, think of Don Samuels as kind of a venture capitalist to the working poor. Samuels is the former 10-year City Council…
Eureka Recycling has challenges ahead

Eureka Recycling has challenges ahead

Eureka, a nonprofit business formed in 2001, has grown markedly as municipal and commercial customers increased recycling for the environmental and economic benefits of avoiding landfills and incinerators.

Jury awards former Feltl & Co. general counsel $600,000 in defamation case

He claimed a company statement defamed him.

Three more insurance companies settle with Minnesota regulators

Nine companies so far have agreed to pay millions to beneficiaries.
2015 was busiest for Minnesota deals since Great Recession

2015 was busiest for Minnesota deals since Great Recession

Minnesota firms stayed busy in 2015 with mergers, acquisitions.

Hot fourth quarter adds up to big 2015 for Minnesota venture funding

A surge of investments in the fourth quarter into companies such as Code42 ($85.6 million), Cardionomic ($20 million) and Zipnosis ($17 million) pushed venture capital…
Small-business incubator another upgrade for W. Broadway in north Minneapolis

Small-business incubator another upgrade for W. Broadway in north Minneapolis

Aisha Wadud and Crystal Larson plan to move their Nura Holistic Massage & Bodywork this spring from the south side to the just-opened Northside Economic Opportunity Network business incubator.
Firm uses 3-D printing technology to customize the cremation urn

Firm uses 3-D printing technology to customize the cremation urn

Foreverence brings another dimension to the common urn.

New York-based Altaris Capital Partners invests $20M in Minnetronix product

St. Paul company is developing a device to help treat patients after a ruptured aneurysm.
Heart & Core team learns, perseveres and keeps growing

Heart & Core team learns, perseveres and keeps growing

Small business owner Jen Swendseid started with passion and purpose. Her business, Heart & Core, was inspired by a 2007 shopping trip for a sports…
Seward Towers refinancing is rare win for affordable housing

Seward Towers refinancing is rare win for affordable housing

Score one this month for Twin Cities "affordable housing," largely absent in a multifamily construction boom targeted largely at upscale renters and owners.
St. Anthony: Alternative legal models are gaining traction

St. Anthony: Alternative legal models are gaining traction

Kent Larson's The General Counsel Ltd. has proved there's room for a growing group of alternative legal providers who offer efficient business-legal service for less than the typical hourly bills.

Magnet 360 sold to India-based IT firm Mindtree for up to $50 million

The St. Louis Park company is being bought by Mindtree, an IT consulting firm based in India.
St. Anthony: JAMF Software readies to relocate, plans for more growth ahead

St. Anthony: JAMF Software readies to relocate, plans for more growth ahead

Minneapolis-based JAMF Software, the Apple device management firm that grew by 165 employees to 505 over the last year, will leave downtown's Grain Exchange Building this spring for larger quarters.
Members of minorities making modest inroads in the trades

Members of minorities making modest inroads in the trades

Isaiah Campbell, a black electrician trainee at Hunt Electric Corp., is the emerging future of the historically white Twin Cities construction trades.Campbell, 32, spent most…
St. Anthony: Slumberland Furniture buys a headquarters complex with room to grow

St. Anthony: Slumberland Furniture buys a headquarters complex with room to grow

Slumberland acquired a 122-acre Oakdale campus from Imation Corp., the struggling data-storage company that last week announced the sale of $21 million in assets, including its headquarters campus.
Family-owned Mills Fleet Farm to be sold to NY investment giant

Family-owned Mills Fleet Farm to be sold to NY investment giant

The deep-pocketed KKR is likely to invest in a Mills Fleet Farm expansion that could transcend its four-state Upper Midwest region.
Zipnosis looks to expand after raising $17 million in venture capital

Zipnosis looks to expand after raising $17 million in venture capital

A Minneapolis firm that developed a system for virtual medical office visits has just raised $17 million.
Murphy Warehouse boss sells campus to the U, but still sees local growth

Murphy Warehouse boss sells campus to the U, but still sees local growth

CEO Richard Murphy of family-owned Murphy Warehouse Co. sold his 22-acre flagship campus to the University of Minnesota in late December, but he's not moving out of the state.

Whitebox Advisors to close three poorly performing mutual funds

The funds amount to less than 10 percent of the firm's assets.
St. Anthony: You will hear more about these stories in 2016

St. Anthony: You will hear more about these stories in 2016

Several big stories of 2015 promise to transcend the new year.
Manufacturer in NW Minn. hands out $1.26M in profit-sharing to workers

Manufacturer in NW Minn. hands out $1.26M in profit-sharing to workers

The owners of Central Boiler, Dennis and Terri Brazier, high school sweethearts and farm kids who started the company in 1984, distributed $1.26 million — about $5,400 per employee — to workers, including production workers who average $20.75 per hour plus benefits.

Wells Fargo taps expansion markets to grow commercial lending

Laura Oberst, a native of Rugby, N.D., took a management-trainee job after graduating college in business and accounting with a Minneapolis-based predecessor institution to what…

ReconRobotics investors agree to reorganization

The once high-flying company looks to retool its business plan after a dramatic drop in sales.
U, eyeing long-term expansion, buys warehouse campus near football stadium

U, eyeing long-term expansion, buys warehouse campus near football stadium

At a cost of nearly $18 million, the site could be used for expansion.
Some nonprofits, hurt by the recession, are now expanding

Some nonprofits, hurt by the recession, are now expanding

Recent expansions are evidence of a turn in fortunes for successful small nonprofits that bit the bullet during the Great Recession and the lean years following when donations dipped.
Tasha Byers, St. Paul Chamber focus on retaining minority professionals

Tasha Byers, St. Paul Chamber focus on retaining minority professionals

Tasha Byers, a graduate of Minneapolis North High School and the University of St. Thomas, in some ways felt more a sense of “community” and…
GovDelivery cashes in by helping government clients save money

GovDelivery cashes in by helping government clients save money

In 2000, Scott Burns, a Duluth native who studied economics at Dartmouth College, was a 24-year-old junior consultant at McKinsey & Co. with thoughts of…
St. Anthony: Northern Oil & Gas predicts staying power in flagging North Dakota fields

St. Anthony: Northern Oil & Gas predicts staying power in flagging North Dakota fields

Wayzata-based Northern Oil & Gas (NOG), which operates in the oil fields of North Dakota and Montana, has the financial wherewithal to survive more rough times in the energy patch, an executive predicted last week.

Frandsen Financial agrees to buy Provincial Bank

The deal awaits federal and state approval.
Big construction projects downtown, at U have peaked; action will move to neighborhoods and suburbs

Big construction projects downtown, at U have peaked; action will move to neighborhoods and suburbs

Downtown Minneapolis and the U are topped out; activity has to move along.
St. Anthony: Paul Koenig went from a talk on the farm to international environmental entrepreneur

St. Anthony: Paul Koenig went from a talk on the farm to international environmental entrepreneur

About four years ago, Paul Koenig, the product of a Hutchinson-area farm, was talking to his brother, who farms the family homestead. Koenig’s brother had…
Värde Partners plans office move, shift to single CEO

Värde Partners plans office move, shift to single CEO

Firm will occupy two floors in AT&T tower in Minneapolis, and operate under a single CEO.
St. Anthony: Investment by North Carolina firm design to drive Bloomington's Delphax Technologies

St. Anthony: Investment by North Carolina firm design to drive Bloomington's Delphax Technologies

Delphax Technologies, then a black-and-white printing systems designer and manufacturer, essentially went dark in 2008, amid the Great Recession and lagging performance.The Bloomington-based company delisted…
Worker lawsuit against Capital Building Services gains traction

Worker lawsuit against Capital Building Services gains traction

A federal judge has granted class action status to a lawsuit brought this year by eight custodial workers who charged Capital Building Services Group with underpaying, failing to provide proper records and other violations of Minnesota and federal employment law.

Tekne Awards go to 15 winners for science, technology achievements

Winners ranged from state agencies and small firms to large corporations with global operations.
St. Anthony: The hard part is ahead for Digi International's rookie CEO

St. Anthony: The hard part is ahead for Digi International's rookie CEO

The new CEO has restructured the company and is now focused on organic growth.
Target drops early-retiree health-care benefits

Target drops early-retiree health-care benefits

Early retirees from Target learned this fall that they're losing the company-subsidized health care insurance Target had offered until they are 65, when they qualify for government-underwritten Medicare or Medicaid.
Minneapolis agency draws inspiration from 'The Starfish Throwers'

Minneapolis agency draws inspiration from 'The Starfish Throwers'

Bolster helps clients engage a generation that wants to see companies 'actively engaged in a cause.'
Bryn Mawr Brewing changes name to Utepils Brewing

Bryn Mawr Brewing changes name to Utepils Brewing

The company opted for the move after learning that its name was already in use by Oregon winery.
Employee ownership's success pays off for St. Cloud's Marco

Employee ownership's success pays off for St. Cloud's Marco

More than 70 percent of the 920 employees of St. Cloud-based Marco Inc. are receiving checks that range from thousands to hundreds of thousands to even more than a million dollars.
Ilos Video, a start-up in St. Paul, looks to build on early success

Ilos Video, a start-up in St. Paul, looks to build on early success

Nick Stokman and Sean Higgins are a couple of 24-year-old accounting graduates of the University of St. Thomas who concluded early that they didn’t want…
Brave New Workshop owners branched out to steady the business

Brave New Workshop owners branched out to steady the business

John Sweeney and Jenni Lilledahl spearheaded effort that has given the theater new traction.
Business magnate, arts patron Bruce Dayton dies at 97

Business magnate, arts patron Bruce Dayton dies at 97

Bruce Dayton, the father of Gov. Mark Dayton, was the bookish, numbers-oriented analyst among the five Dayton brothers who built a retail empire.
Minnesotans remember Bruce Dayton's generosity, business acumen

Minnesotans remember Bruce Dayton's generosity, business acumen

Minnesotans remembered Bruce Dayton for building one of the state's most successful companies, helping its political leaders navigate tough choices and bringing the world's finest…
Bridging opportunity gap one turnaround at a time

Bridging opportunity gap one turnaround at a time

Twin Cities RIse has trained 4,000 people, including many who are getting a second chance at a career and self-sufficiency.
St. Anthony: Segetis expansion to northeastern Minnesota missing chemistry so far

St. Anthony: Segetis expansion to northeastern Minnesota missing chemistry so far

Segetis, the Golden Valley "green chemistry" company that makes plant-based solvents that are petroleum substitutes, announced plans in 2014 for a $105 million factory at an industrial park in a wood-rich area near Hoyt Lakes, Minn.
Minnesota venture capital and mergers business headed for another good year

Minnesota venture capital and mergers business headed for another good year

After a slow three quarters, recent investments in Minnesota firms could turn 2015 into a solid year.
St. Anthony: Business-community veteran Chuck Denny took Wallin Education Partners to next level

St. Anthony: Business-community veteran Chuck Denny took Wallin Education Partners to next level

Five years ago, the late Winston Wallin, who led the 1980s turnaround at Medtronic before retiring to community service, asked an old friend, retired ADC…
St. Anthony: Richfield-based drone company has big plans

St. Anthony: Richfield-based drone company has big plans

  A Minnesota-born civilian drone company has spun out of its former corporate parent and this year made Richfield its world ­headquarters. Sentera may be…
A business woman furthers a human innovation in health care in memory of her late daughter

A business woman furthers a human innovation in health care in memory of her late daughter

In memory of her daughter, Leela Rao has worked to help patients navigate the hospital labyrinth.
St. Anthony: Tawanna Black will work with business, foundations to close North Side employment gap

St. Anthony: Tawanna Black will work with business, foundations to close North Side employment gap

Tawanna Black has spent a couple of years preparing to launch a 2016 initiative designed to help close the much-discussed opportunity-and-wage gap.
Minnesota chamber survey finds employers upbeat on outlook

Minnesota chamber survey finds employers upbeat on outlook

Nearly half of employers say they are trying to add jobs in the next 12 months
Obituary: Rebecca Schatz introduced kids to math, computers and engineering through nonprofits

Obituary: Rebecca Schatz introduced kids to math, computers and engineering through nonprofits

Rebecca Schatz, who earned a graduate degree in computer science 30 years ago, worked in industry before she started The Works. For 25 years, she…
KNOCK agency serves local-to-national clients from Mpls. North Side

KNOCK agency serves local-to-national clients from Mpls. North Side

KNOCK's client list ranges from the obscure to household names.
St. Anthony: Bryn Mawr microbrewery is on tap

St. Anthony: Bryn Mawr microbrewery is on tap

Jim Moore, a veteran financial guy, and Dan Justesen, a veteran of the local craft microbrew industry, say there's room for another Twin Cities craft brewery.

H.I.G. Capital buys HelpSystems in Eden Prairie

The fast-growing company has seen sales grow more than 10 percent this year.
Upcoming Youthprise conference hopes to spark entrepreneurial spirit

Upcoming Youthprise conference hopes to spark entrepreneurial spirit

Erika Binger is a longtime community volunteer, mentor and McKnight Foundation board member whose roots go to the founders of 3M Co. Satin Taylor is…
Minnesota stocks slide with the market

Minnesota stocks slide with the market

The stock market was on a record run, but now it's stumbling, and Minnesota is no exception.
Arc Suppression in Bloomington created a way to maintain electric relays

Arc Suppression in Bloomington created a way to maintain electric relays

The burnout of electrical relays is a nuisance that a Bloomington company believes it has solved.

Lurie accounting firm has new name for 75th anniversary

Lurie Besikof Lapidus & Co., a Twin Cities regional accounting firm and one of the few in the area run by a woman, has changed its name to Lurie.

Arc Suppression, Viroment win Midwest tech competition

The companies will now compete at Cleantech Open Global Forum.
St. Anthony: Abdullahi Hussein opens first Somali-owned medical practice in Twin Cities

St. Anthony: Abdullahi Hussein opens first Somali-owned medical practice in Twin Cities

Physician assistant Abdullahi Hussein, a veteran medical professional who has worked at the Mayo Clinic and in the Cedar-Riverside area, opened his own walk-in clinic last month at 47th and Hiawatha avenues.
Opponents, new lenders get traction against payday-credit industry

Opponents, new lenders get traction against payday-credit industry

Diverse allies arrayed against the Minnesota payday loan industry are getting a little traction. Sunrise Banks of St. Paul, which has developed a small-dollar loan…
Alexandria Industries among rural Minnesota businesses short on workers

Alexandria Industries among rural Minnesota businesses short on workers

A manufacturer in Alexandria, Minn., is enjoying growth but is desperate for more help.
Schulze foundation to spend $500,000 to bolster entrepreneurship

Schulze foundation to spend $500,000 to bolster entrepreneurship

Best Buy founder offers $500,000 annual grant to support scholars, faculty, online idea exchange.
St. Anthony: Josh and Sheree Savage go uptown with growing plumbing business

St. Anthony: Josh and Sheree Savage go uptown with growing plumbing business

The business, now in north Minneapolis, has seen steep growth.
Field Nation receives $30 million investment from Susquehanna Growth Equity

Field Nation receives $30 million investment from Susquehanna Growth Equity

Firm plans to use it for product development, marketing efforts.
Buck's Unpainted Furniture to close its last remaining store

Buck's Unpainted Furniture to close its last remaining store

The family-run business saw sales decline as times changed.
Arcserve move from New York is working for Minnesota

Arcserve move from New York is working for Minnesota

CEO Mike Crest of Eden Prairie-based Arcserve was a veteran executive of New York-based CA Technologies last year in charge of data management. Arcserve was…
Onetime corporate jockeys found hard work, gradual success in dry-cleaning trade

Onetime corporate jockeys found hard work, gradual success in dry-cleaning trade

Polly and Dave Nemec chuckle over the fact that they knew little about the dry cleaning business and probably overpaid when they bought a small…

Bridgewater Bancshares receives $15 million from Castle Creek Capital

The Bloomington bank said $15 million infusion will help it grow, possibly through acquisitions.
Astropad wins top honors in Minnesota Cup

Astropad wins top honors in Minnesota Cup

Developers of Astropad, a graphics tool for iPhone and iPad, won $80,000 in state's biggest venture competition.
New Zealand girl's idea finds its way to Northern Tool

New Zealand girl's idea finds its way to Northern Tool

Ayla Hutchinson, 16, may be the youngest and farthest-traveling entrepreneur to showcase at the Minnesota State Fair this year.
St. Anthony: Marketing Architects sells first of concept-to-product companies it developed

St. Anthony: Marketing Architects sells first of concept-to-product companies it developed

Marketing Architects, a Minnetonka-based agency, has helped launch and promote some 1,000 ­products over its 18-year life. In 2011, the 70-person company created Zoomworks, a…
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