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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

Jefferies & Co. executive to be CEO of Minneapolis-based RBC Wealth Management-U.S.

Michael Armstrong will join wealth management firm this summer.
Thor Construction proposes $30 million project in north Minneapolis

Thor Construction proposes $30 million project in north Minneapolis

Minority-owned firm says tentative venture would include new headquarters.
For Minneapolis-based Modern Survey, 'no plan' leads to sale to Aon Hewitt

For Minneapolis-based Modern Survey, 'no plan' leads to sale to Aon Hewitt

In 1993, Don MacPherson and Patrick Riley were temporary employees at what is now Ameriprise Financial, helping with employee surveys.
St. Anthony: Report finds equal pay for women is $2.1 trillion opportunity

St. Anthony: Report finds equal pay for women is $2.1 trillion opportunity

Kweilin Moore Ellingrud is the co-author of a just-released McKinsey & Co. report that found “gender parity,” or paying women equally to men, is not…
Susan Bachman West to become president of floral retailer Bachman's

Susan Bachman West to become president of floral retailer Bachman's

Susan Bachman West, a fifth-generation family member who has worked for 131-year-old Bachman’s since she was a part-timer as a teenager, will become president of…
Venture capitalists invested $54 million in Minnesota firms during first quarter

Venture capitalists invested $54 million in Minnesota firms during first quarter

The total is up nearly $10M from a year ago.
Baking a carrot cake on a boat led to buying a company

Baking a carrot cake on a boat led to buying a company

Years ago, businesswoman Anne Patterson ate some whole wheat bread baked by a friend in a solar oven on the deck of her sailboat. Patterson,…
CoCo's new minority fellowships part of local tech scene's efforts to recruit people of color

CoCo's new minority fellowships part of local tech scene's efforts to recruit people of color

Alex Ro­dri­guez, not to be con­fused with the New York Yan­kee, is a prom­is­ing play­er in the Twin Cities tech­nol­o­gy scene.
Intertech's Tom Salonek tried to build the company for which he would like to work

Intertech's Tom Salonek tried to build the company for which he would like to work

Tom Salonek, frustrated in his first job as an IT professional at the former West Publishing, started the software and training firm Intertech in his…
Local entrepreneur takes on Google, Staples over 'Back Saver Wallet'

Local entrepreneur takes on Google, Staples over 'Back Saver Wallet'

Vlad Gribovsky is a 70-year-old entrepreneur who has a history of overcoming the odds. Gribovsky was born in 1945 in a German dislocated-persons camp. His…
Investing in homeless young people can yield good human and financial return

Investing in homeless young people can yield good human and financial return

The executive director of YouthLink in Minneapolis believes she and other homeless-youth advocates now can make a great return-on-investment case for their work.

Performance Excellence Network, Minnesota Cup, and alternative energy growing

Training organization will form partnership with leadership group to round itself out The Performance Excellence Network (PEN), formerly the Minnesota Council for Quality, and Good…
Neal St. Anthony: Nina Hale marketing firm is ESOP success

Neal St. Anthony: Nina Hale marketing firm is ESOP success

When Nina Hale decided to sell her company, she opted for a plan of employee ownership.
Obituary: Dr. Leo de Souza, orthopedic surgeon who escaped Idi Amin's Uganda

Obituary: Dr. Leo de Souza, orthopedic surgeon who escaped Idi Amin's Uganda

One night in 1971, at her home in Kampala, Uganda, Dolly de Souza got a frightening phone call from an anonymous caller who said her…
Minnesota DFLer and Republican work together to expand local electronic-repair business

Minnesota DFLer and Republican work together to expand local electronic-repair business

CEO Jennifer Larson of Minnetonka-based Vibrant Technologies and CEO Amanda LaGrange of Golden Valley-based Tech Dump are veterans in the business of refurbishing and recycling…
Twin Cities Habitat plans $90M mortgage loan fund

Twin Cities Habitat plans $90M mortgage loan fund

Twin Cities Habitat for Humanity plans a $90 million loan fund that would get 500 working-class families into refurbished and new houses in which they…
Twin Cities small-business advocate reports across-the-board growth

Twin Cities small-business advocate reports across-the-board growth

Business is good at expanding Seward Community Co-op.
Move over bulls and bears, make room for the bunny stock market

Move over bulls and bears, make room for the bunny stock market

The markets struggled back to positive territory in a first quarter that got off to a bearish start. Now, a 'bunny market' may be ahead.
Neal St. Anthony: Takoda Institute plays key role in bolstering minority IT workers

Neal St. Anthony: Takoda Institute plays key role in bolstering minority IT workers

The training school aims to bolster opportunities, numbers in the tech field.
iSpace Furniture joins commercial expansions on Glenwood Avenue N.

iSpace Furniture joins commercial expansions on Glenwood Avenue N.

One of the larger office furniture sales-and-installation outfits in the Twin Cities, iSpace Furniture, is growing on Glenwood Avenue N., a rebounding commercial artery that starts at International Market Square.
St. Anthony: Lawyer turns knack for data into Shepherd Data Services

St. Anthony: Lawyer turns knack for data into Shepherd Data Services

Shepherd Data Services, located downtown, fluctuates between 15 and 40 employees, including lawyer contractors, depending on business assignments.
Motorcycle braking system gives earlier warning when bikes slow down

Motorcycle braking system gives earlier warning when bikes slow down

The Heads-Up Braking System uses brake lights to alert nearby traffic not only when a motorcycle is braking but when it is decelerating, too.
Dave Hubers, CEO of Ameriprise Financial predecessor firm

Dave Hubers, CEO of Ameriprise Financial predecessor firm

Dave Hubers, who rose from intern to chief executive at IDS, the forerunner to Ameriprise Financial, died last week.
St. Anthony: Insider looks to reduce fraud in home health care

St. Anthony: Insider looks to reduce fraud in home health care

Andre Best, the 10-year owner of Best Home Care, believes he’s developed at least a partial solution to fraudulent employees and employers who cost Minnesota…
MentorMate, after shaky start, has hit its stride

MentorMate, after shaky start, has hit its stride

on small business |  Neal St. Anthony   Bjorn Stansvik, who studied disruptive technologies in college in Sweden, moved to Minnesota in 2000 to play his…
Scientist-turned-yogurt entrepreneur sees big growth for Ziwa brand

Scientist-turned-yogurt entrepreneur sees big growth for Ziwa brand

Somali-American chemist pins hopes on Ziwa yogurt products, inspired by kefir.
Minnesota Chamber talks up the need for tax legislation

Minnesota Chamber talks up the need for tax legislation

The hunt begins this week among myriad interests at the Minnesota Legislature for a piece of the $900 million Minnesota budget surplus projected for the…
Small business financier launching from James J. Hill Center

Small business financier launching from James J. Hill Center

Supporters of small business are raising up to $20 million to launch publicly traded Hill Capital Corp., housed at the James J. Hill Center in…
Arcserve builds a global data-protection company from Eden Prairie

Arcserve builds a global data-protection company from Eden Prairie

Data-protection firm Arcserve, sort of a Minnesota start-up — even with 25 years under its belt — has completed its first full year at its headquarters in Eden Prairie.

Mills Fleet Farm names former Wal-Mart executive as CEO

KKR, the chain's new owner, selected a former Wal-Mart executive for the top job.

Italy-based GFBiochemicals buys assets of Segetis

The Golden Valley-based company tried and failed to build a $105 million factory near Hoyt Lakes.
Main Street's mood is resilient despite rocky markets

Main Street's mood is resilient despite rocky markets

Ag and steel aside, few see a recession looming despite recent bumps.
North@Work employment collaboration targets black men in north Mpls.

North@Work employment collaboration targets black men in north Mpls.

There's a new collaboration in the effort to increase the skills and employment rate among black men in north Minneapolis.

Allianz Life reports profit growth despite drop in total premium

Total premium dropped 26 percent from 2014 due in part to lower interest rates.

Nonunion janitors settle with building-cleaning firm

Lawyers for hundreds of nonunion janitors and a custodial services company for Macy's and Herberger's stores in Minnesota have reached a $425,000 proposed settlement.
Keeping St. Paul's Flannery Construction in the family

Keeping St. Paul's Flannery Construction in the family

After surviving a recession, Gerry Flannery sold to a new owner: his daughter.
At Lurie, the goal is to be the 'first call' for help

At Lurie, the goal is to be the 'first call' for help

Beth Kieffer Leonard has been managing partner since 2008 of Minneapolis-based accounting firm Lurie. Leonard, the first female partner, presides over a firm that was…
Downtown's recent growth driven by less-than-household-name companies

Downtown's recent growth driven by less-than-household-name companies

Downtown Minneapolis is hot, six years into the economic recovery.
Aon Hewitt buys Minneapolis-based Modern Survey

Aon Hewitt buys Minneapolis-based Modern Survey

The Mpls. firm's founders said deal was necessary.

Securian reports earnings decline, revenue grows

Securian Financial Group earnings in 2015 declined slightly to $273 million on revenue that grew 9 percent to $4.2 billion. The St. Paul-based insurer said…
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.
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.
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