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Economy

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Many retirees reinvent themselves, using their leadership skills and experience to help nonprofits.

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The Twin Cities’ northwest metro is a magnet for manufacturers. That’s no accident.

Recent moves — like Graco exiting Minneapolis for an HQ in Rogers or Dayton, and Boston Scientific selling its Minnetonka campus so it can move more workers to its growing Maple Grove presence — have cemented the suburban area as an industrial hub.
June 11, 2025

DOGE cuts federal money for upgrades at Velveeta plant in New Ulm

Kraft Heinz, the Chicago- and Pittsburgh-based food company in charge of the Minnesota plant that also makes Cheez Whiz, lost a $170 million federal grant to improve energy efficiency at 10 plants nationwide.
June 6, 2025
Kraft Velveeta rotini and cheese at a grocery market in Pittsburgh.

Minnesota factories strained by new steel tariffs and ensuing chaos

The latest round of tariff increases, doubling levies on steel and aluminum, went into effect this week.
June 6, 2025
Three weeks ago, Octavio Rodriguez switched from making transmission parts to casting parts for hospital bed brake assemblies at Twin City Die Castings. ] GLEN STUBBE • glen.stubbe@startribune.com Thursday, April 9, 2020 How employee-owned Twin City Die Casting, which just laid off 40 production workers of its 250 employees in what was supposed to be a good year, is trying to accelerate its pivot to growing medical parts business for ventilators, hospital beds, etc as it copes with instan

‘We don’t want to lose this mine’: Fear sets in for Iron Range miners as shutdown takes hold

Cleveland-Cliffs’ layoff of more than 600 workers in March feels different from past shutdowns, locals say.
June 6, 2025

With workplace incivility on the rise, these companies are trying harder to bring workers together

Minnesota company leaders said they work hard to create an inclusive culture, and don’t shy away from tough conversations.
June 4, 2025

After 60 years, federal cuts shutting down Job Corps center in St. Paul

The Hubert H. Humphrey center offers job training and stable homes to more than 150 teens. The Department of Labor is shutting down Job Corps centers across country.
June 3, 2025

It’s harder to find a job this year, especially a corporate position

It can be frustrating when so many Minnesota firms say there’s a worker shortage. But there are strategies to jumpstart a search during an uncertain market, job experts say.
June 3, 2025

Trump once tried to buy the Minnesota Twins. His new budget bill could complicate team’s sale.

Both the MLB team and the Minnesota Timberwolves/Lynx are in the midst of ownership changes, which would need to wrap up quickly to hold on to a lucrative, decades-old tax write-off.
June 2, 2025

Northern Minnesota worried recent dip in Canadian visitors portends slow summer

The economy of Cook County, nestled between Lake Superior and the Canadian border, is driven by tourism. A lot of the tourists are from Canada.
May 31, 2025

New Port Authority director has eyes on reconstructing Duluth Lake Port

Kevin Beardsley, the public agency’s chief financial officer, takes over for Deb DeLuca next week.
May 29, 2025
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Now is the time to invest in bonds, with yields too good to ignore

This past week, yields on 10-year U.S. Treasuries — bonds backed by the full faith and credit of the federal government — climbed above 4.5%. Yields have not topped 5% since 2007.
May 24, 2025
The U.S. Treasury Department building in Washington.
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