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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
Summer interns have a big impact at state's small IT, engineering firms

Summer interns have a big impact at state's small IT, engineering firms

State-funded program helps dozens of small companies hire summer help
CEO Michael Reger's exit at Northern Oil is latest jolt in unfolding tale

CEO Michael Reger's exit at Northern Oil is latest jolt in unfolding tale

The mercurial life of Northern Oil & Gas has been turbulent, even for the volatile energy trade. Northern is marked by early-stage stock killings by…

State bars internet lender, wins $11.7M settlement over 'rent-a-tribe' loans

The deal covers loans involving more than 6,000 borrowers in Minnesota.
St. Paul nonprofit's new tool improves income for African farm families

St. Paul nonprofit's new tool improves income for African farm families

In rural Senegal in West Africa, an enterprising woman named Aissatou Ly is earning an extra few bucks a day selling a tasty, nutritious ground-peanut…
Powderhorn Art Fair good for neighborhood economy; Navigate Forward sees executives more concerned with right fit

Powderhorn Art Fair good for neighborhood economy; Navigate Forward sees executives more concerned with right fit

Business was good last weekend for Cheryl Shohet at the Powderhorn Art Fair, the smaller, grass-roots festival in the park about 3 miles from the…
CVRx lands $93M equity financing

CVRx lands $93M equity financing

Medical device maker CVRx will announce Tuesday that it has raised $93 million in venture capital, the largest Minnesota haul this year.The investment was led…
At ImmunoChemistry Technologies, revival was also personal quest for owner

At ImmunoChemistry Technologies, revival was also personal quest for owner

Sally Hed recently became the sole owner of Bloomington-based ImmunoChemistry Technologies, a 10-employee company that makes biotechnology tools that, since 1994, have helped researchers at…

ESOPs, immigration reform are hot business topics

A growing number of employees in Minnesota also are owners through employee stock ownership plans, including long-term “ESOPs” such as Windings Inc. of New Ulm,…
CommonBond pioneers a new way to finance affordable housing

CommonBond pioneers a new way to finance affordable housing

CommonBond Communities just paid $16 million to buy a 112-unit Apple Valley apartment complex that the organization intends to preserve for its working-class tenants at a time when for-profit owners are scooping up rental units, adding amenities and hiking rents — causing a housing crisis for some amid a red-hot market. And CommonBond did it without any government subsidy.
Midtown Global Market helped revive a community before it hit profitability

Midtown Global Market helped revive a community before it hit profitability

The Midtown Global Market, the public face of the $190 million “Midtown Exchange” redevelopment of the abandoned Sears Roebuck complex on E. Lake Street, celebrated…
Appelquist and Uldrich apply lessons of Lewis and Clark to help managers navigate future

Appelquist and Uldrich apply lessons of Lewis and Clark to help managers navigate future

Jeff Appelquist and Jack Uldrich are accomplished business guys with diverse experience whose careers partly focus on learning from history to navigate the future and…
Contract manufacturer Bell International Labs plans Eagan facility

Contract manufacturer Bell International Labs plans Eagan facility

Bell International Laboratories plans to break ground Monday on a new headquarters and plant in Eagan. Mo Saremi, who came to Minnesota about 35 years…

Strong year shaping up for venture capital in U.S., Minnesota

Venture capital raising appears headed for another strong year both nationally and in Minnesota.Venture capitalists around the country invested $15.3 billion in 961 deals in…
Mergers-and-acquisitions business slowed in 1st half of '16

Mergers-and-acquisitions business slowed in 1st half of '16

It's a trend locally and nationally, but analysts aren't worried after two "really good years."
Duane Rouse grew ABRA fast through acquisitions

Duane Rouse grew ABRA fast through acquisitions

Duane Rouse has been a road warrior in the merger-and-acquisition wave of the past several years. Rouse, 55, is CEO of Brooklyn Park-based ABRA Auto…

CEO Hoffman's score at Toro; Cargill clipped by UnitedHealth Group in size

Retirement Toro CEO Hoffman started his 39-year-run with company fixing and selling machines Mike Hoffman, who will retire after 11 years as Toro CEO at…
Inside Track: Cookie Cart expands; paying for Vikings, Timberwolves homes

Inside Track: Cookie Cart expands; paying for Vikings, Timberwolves homes

Cookie Cart, one of the original “social enterprises” before that term was coined by nonprofit entrepreneurs, was started on W. Broadway Avenue in north Minneapolis…
Hed Cycling prospers under Anne Hed two years after Steve Hed's death

Hed Cycling prospers under Anne Hed two years after Steve Hed's death

Steve Hed, a bicycling enthusiast who made it a family business, would be very proud of the folks at Hed Cycling.
Silicon North Stars grow in third year; long-incubating ISurTec launches from University Enterprise Labs

Silicon North Stars grow in third year; long-incubating ISurTec launches from University Enterprise Labs

The Silicon North Stars, started in 2014 by a Google executive who hails from Minnesota, send 16 Twin Cities eighth- and ninth-graders to Silicon Valley…
Sm+RT works on first factory-built house in Minneapolis

Sm+RT works on first factory-built house in Minneapolis

In May, Thor Construction CEO Ravi Norman and two colleagues announced a plan to help fill a gaping hole in the Twin Cities housing market.…
Summit Brewing, at 30, finds itself in tight craft beer market

Summit Brewing, at 30, finds itself in tight craft beer market

More than 30 years ago, a serious home-brewer named Mark Stutrud wrote a letter to the head of the American Brewer's Association.
MEDA nonprofit refocuses on economic disparities in Minnesota

MEDA nonprofit refocuses on economic disparities in Minnesota

Gary Cunningham, the veteran foundation executive and community economic developer, is recalibrating the 45-year-old Metropolitan Economic Development Association.
Dispute between Afro Deli owner and landlord spawns lawsuit

Dispute between Afro Deli owner and landlord spawns lawsuit

The owner of six-year-old Afro Deli, a popular restaurant on the West Bank, has sued his landlord after a monthslong tussle over lease renewal amid…
Scene + Heard: MicroGrants celebrates 10 years of giving

Scene + Heard: MicroGrants celebrates 10 years of giving

MicroGrants celebrated its 10th anniversary of giving to local grass-roots entrepreneurs with a party at the Minneapolis Club.
YMCA to move headquarters, health club to Gaviidae

YMCA to move headquarters, health club to Gaviidae

The board of the YMCA of the Greater Twin Cities has approved a plan to acquire several floors in the Gaviidae Common building for a new downtown headquarters, flagship health club and community service activities.
After buying back family business, brothers eye growth in language services

After buying back family business, brothers eye growth in language services

Minneapolis-based translation firm has big target for growth.
Young athletes, coaches, mentors learn about personal finance before they play ball

Young athletes, coaches, mentors learn about personal finance before they play ball

One piece of advice: Pay yourself first by saving when you are young.
ESOPs are one way to build employee loyalty

ESOPs are one way to build employee loyalty

PadillaCRT sees dividends from employee ownership, but it's not for every company.
St. Anthony: Popular small business loan program is back

St. Anthony: Popular small business loan program is back

A popular federal real estate loan program for small businesses is back in banking's tool kit.The Small Business Administration's 504 Refinance Program helped save some…
Construction boom along St. Paul's Green Line includes more affordable housing

Construction boom along St. Paul's Green Line includes more affordable housing

A years-planned Brownstone apartment redevelopment project along the Green Line light-rail transit corridor in St. Paul has broken ground for 35 apartments targeted to working-class folks.
St. Anthony: No signs of settlement in dispute over Afro Deli

St. Anthony: No signs of settlement in dispute over Afro Deli

Afro Deli, the signature commercial business in the 7-year-old African Development Center (ADC) on the West Bank, likely will close by June 30 due to…
FedEx delivery is big growth vehicle for MVS

FedEx delivery is big growth vehicle for MVS

Valerie and Melvin Scroggins run a growing small business that also is the consumer's interface with huge Federal Express.
Ten K Solar hires former 3M executive as CEO

Ten K Solar hires former 3M executive as CEO

Jeffrey Hohn succeeds founder Joel Cannon, who led the firm for eight years.
St. Anthony: DeLaSalle alum pitches financial smarts to pro athletes

St. Anthony: DeLaSalle alum pitches financial smarts to pro athletes

Romone Penny, a small-business owner, was a good basketball player out of south Minneapolis and DeLaSalle High School 15 years ago. He also proves ­—…

Employee-hungry Design Ready Controls expands to Brooklyn Park; UST focuses on energy "microgrid"

Manufacturing Design Ready expands in Brooklyn Park Design Ready Controls, a growing manufacturer of electronic-control panels for equipment manufacturers, is also an employee-hungry business in…
BMO buys Minneapolis investment bank Greene Holcomb Fisher

BMO buys Minneapolis investment bank Greene Holcomb Fisher

The purchase gives BMO a boutique firm that has been involved in many prominent Minnesota deals.
Housing plan by private interests with public backing holds promise on North Side

Housing plan by private interests with public backing holds promise on North Side

The brass at Thor Construction is tar­get­ing north Minneapolis. For commercial development, jobs and hous­ing. And that's a good thing. Because the North Side, with…
Blankenship seventh in prestigious Bowerman men's mile

Blankenship seventh in prestigious Bowerman men's mile

The Stillwater native had a time of 3:53.83 in a stacked field in Oregon.

Animal science firm Recombinetics adds board members, nears $10M investment

Genetic engineering Animal science firm Recombinetics adds board members, nears $10M investment Recombinetics, the St. Paul-based “gene-editing” company, is starting to scale up. Dr. Scott…
CEO has moved Graco up Star Tribune 100 rankings

CEO has moved Graco up Star Tribune 100 rankings

Graco CEO Pat McHale, who grew up a mile from the company’s flagship plant on the Mississippi in northeast Minneapolis, is the rare corporate boss…
Sunrise Banks will build new St. Paul headquarters

Sunrise Banks will build new St. Paul headquarters

St. Paul-based Sunrise Banks, one of the state’s largest community financial institutions, will break ground in early June on a 57,000-square-foot headquarters at 2515 Wabash…
Videos from world travels open windows and minds

Videos from world travels open windows and minds

Gail Shore, a Republic Airlines sales and communications manager, left in 1989 after the carrier was acquired by Northwest Airlines.For 27 years, Shore's "Shore to…
Sabes Jewish Community Center exhibit keeps alive the origins of the local Jewish scrap businesses

Sabes Jewish Community Center exhibit keeps alive the origins of the local Jewish scrap businesses

The life of an impoverished immigrant is tough, whether the person is from modern-day East Africa or Southeast Asia, or came from Europe a century…
Twin Cities med-tech start-up looks to shake up orthopedics market

Twin Cities med-tech start-up looks to shake up orthopedics market

Responsive hopes to make the costs of knee and hip devices more reasonable.
Ilos Videos raises $1.5 million in first round of financing

Ilos Videos raises $1.5 million in first round of financing

Ilos Videos, launched three years ago by two University of St. Thomas accounting graduates, has raised $1.5 million in its first formal round of capital…
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…

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.
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.
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