Local
July 23, 2020
A robot at Graco assembles air hose needle valves at Graco on Feb. 14, 2019, A key manufacturing index slipped into negative territory in Minnesota an

Recession caused by coronavirus hits Graco, Pentair hard in Q2

Both companies saw decreases of more than 10%; earnings were down more than 25%.
Variety
July 23, 2020
Manhattan Toy Co. has recalled more than 22,000 Manhattan Ball teething toys on sale through Target. They have lot numbers 325700EL or 325700IL on the

Choking hazard prompts national recall of Minneapolis company's teething toy

"Consumers should immediately take the recalled toy away from children," the CPSC said.
Business
July 23, 2020
A $75.5 million project to build two mixed-use riverfront apartments in St. Paul will be located by the southeast corner of the Wabasha Street bridge,

Construction of $76 million West Side Flats III apartments begins in St. Paul

Two buildings will offer 82 affordable and 171 luxury apartments.
Duluth
July 23, 2020
A customer waited for her order of Caribbean jerk chicken and mac and cheese while Antonio O'Neil covered it in sauce. ] ALEX KORMANN • alex.kormann

Chef's one-man show brings Caribbean cuisine to Lake Superior

Jamrock Cultural Restaurant is a one-man show and O'Neil's sole source of income. So far fans of his food are keeping the bills paid.
Business
July 23, 2020
TCF Financial plans a massive expansion of lending to minority-owned businesses, amounting to $1 billion over the next five years.

TCF Financial announces $1 billion loan drive to minority-owned small businesses

The company will concentrate on assisting minority- and women-owned businesses.
Local
July 23, 2020
Jadyn Dana, of Hudson, Wisc., was served lunch by an employee of Cafe Latte Wednesday afternoon. Dana is happy with the statewide mask mandate in Minn

Minnesota businesses see advantages in statewide mask policy

Businesses applaud alternative to city by city mandates
Business
July 22, 2020
JAMF CEO Dean Hager

Minneapolis IT company raises $468M from its IPO, a record for Minnesota

The Minneapolis company helps businesses and schools manage Apple devices.
Business
July 22, 2020
SoLo Apartments, a nod to its location in the city's South Loop neighborhood, will include a new 172-unit rental building adjacent to a 306-unit apart

Aeon proceeds with $100 million affordable housing project in Bloomington

Nonprofit will build 172 new apartments and rehab 306 others on site near Mall of America.
Business
July 22, 2020
Zak Pashak, owner and founder of Detroit Bikes, holds a Schwinn bike frame on June 25, 2020, in Detroit. (Clarence Tabb, Jr./The Detroit News/TNS) ORG

Detroit Bikes brings Schwinn production back to U.S.

The Good Life
July 22, 2020

Planning to work beyond retirement age? You may have to call an audible

One practical response for near-retirees to consider is whether to join the ranks of entrepreneurs, including self-employment.
Business
July 21, 2020
Target has joined an effort to invent an alternative to the plastic shopping bag. (AP Photo/Gillian Flaccus)

Target, Walmart, CVS partner to reimagine the retail plastic bag

Consortium will solicit design solutions from around the world.
Local
July 21, 2020
Baby Dani sat patiently with her mother, Jamie Millard, executive director of Pollen, at a meeting with Julie Cohen, left, and Jerome Rankine in June

Minnesota nonprofit job postings will include what's long been secret: Pay

It's part of a broader push in the nonprofit sector to be more transparent and ensure pay is equitable.
Business
July 21, 2020
File photo of Aero Service Group's Barrio restaurant in Terminal 2 at Minneapolis-St. Paul International Airport. The company has reduced staffing at

Three restaurants at MSP make permanent job cuts as air travel remains weak

Aero Service Group could lay off 92 workers by mid-September unless passenger traffic increases at the airport.
Business
July 21, 2020

Former Crown Bank CEO pleads guilty to using bank funds for personal use

Peter Dahl also pleaded guilty to a count of falsifying an income tax return.
Duluth
July 21, 2020
FILE - An April 11, 2019, photo of a Costco store.

Duluth City Council approves $1.3M tax abatement for Costco

St. Louis County could grant the wholesale retailer an additional $650,000.
Business
July 21, 2020
Best Buy will raise its minimum wage to $15. Shown is a store in El Paso, Texas. (Cengiz Yar/The New York Times)

Best Buy hikes minimum wage to $15, sales up 15% since reopening stores

Best Buy will increase the hourly wages of its employees permanently as it sees sales increase in a little more than a month since stores have been fully opened.
Business
July 21, 2020
Thien Do, owner of Thien's Cajun Boiling Seafood, does not know where he will relocate. His lease was terminated at Midway Shopping Center after damag

End of a retail era in St. Paul as Midway tenants move out

Damage from the unrest after George Floyd's death has hastened the end of St. Paul's Midway Shopping Center, where tenants were told to move out by mid-July.
Local
July 20, 2020
Bill O'Brien fist bumped their nurse, Tina Belschner, after he and his wife Marilyn talked about their experience with a "Hospital at Home" model of c

How North Memorial is helping non-COVID patients do more at home

Hospital-at-home programs are providing telehealth for some emergency patients
Business
July 20, 2020

HelpSystems, fast-growing Eden Prairie software firm, acquires GlobalScape for $217 million

HelpSystems purchases GlobalScape for $217M.
Local
July 20, 2020
Randy Pietilainen of Apple Valley on Friday exited the Lunds & Byerlys in Burnsville. (LEILA NAVIDI/Star Tribune)

Most Twin Cities supermarket chains joining Walmart, Target in mask mandate

Hy-Vee is sticking for now with encouraging, but not enforcing, their use.

Business

Complete coverage of business news in the Twin Cities, Minnesota and elsewhere, including Fortune 500 Minnesota companies: UnitedHealth Group, Target, Best Buy, 3M, CHS, U.S. Bancorp, General Mills, C.H. Robinson, Land O’Lakes, Ecolab, Ameriprise Financial, Xcel Energy, Hormel Foods, Thrivent Financial, Polaris, Securian Financial Group, Fastenal and Patterson Cos.