Staff Directory 10646026

Neal St. Anthony

Columnist, reporter | Business
Phone: 612-673-7144
Location: Minneapolis
Other languages: None

Neal St. Anthony has been a Star Tribune business columnist/reporter since 1984. 


St. Anthony's work has spanned corporate takeovers to financial markets, small businesses, and the emergence of women, immigrants and minorities in business. A native of Minneapolis who first joined the Star Tribune in 1981, St. Anthony holds undergraduate degrees in journalism and business, and an MBA. He also has worked for two publicly held companies, including former regional securities firm Dain Rauscher (1997-98). St. Anthony, who is married and the father of two children, has been a volunteer with the Minneapolis parks, several schools and nonprofit organizations.
Recent content from Neal St. Anthony
Elizabeth Flannery of Community Housing Development Corp., Rheasa Otto and the Rev. Dan Collison, outside East Town Apartments in downtown Minneapolis

New apartments near U.S. Bank Stadium offer affordable housing amid luxury

The 169-unit complex has risen from a former church parking lot east of 6th St. and Chicago Avenue.
The Afro Deli, where workers continued to prepare meals, is staying in business with the help of a deal with Metro Meals on Wheels to provide 1,200 me

Afro Deli owner hangs on amid hope, caution and charitable cooking

Abdirahman Kahin responded to pandemic by switching to a nonprofit model
Clifton Place Manager Layee Sanoe (left), Senior Manager Tony Hunter and 180 Degrees Program Director Richard Coffee at Clifton Place, which provides

180 Degrees battled COVID-19 on top of tough mission to assist ex-offenders

The organization anticipates there is more hard work ahead to continue providing services while the pandemic threat remains.
Frank Dogbe landed a second-round PPP loan for $130,000.

Minnesota minority borrowers did better in second round of SBA funding

Frank Dogbe, owner of SOS Building Services in Minneapolis, decided not to cut jobs or the pay of his workers when the offices they cleaned…
The U.S. Securities and Exchange Commission headquarters, in Washington.

SEC penalizes RBC over extra charges on investment deals

The regulator found the Minneapolis brokerage sold high-priced investments when cheaper ones should have been offered.
CEO Lee Wallace and Peace Coffee had acquired a new $375,000 roaster just in time to handle a surge in sales as consumers rushed to stores to stock up

Peace Coffee brews a strategy to navigate difficult times

Consumers rushed to stores to buy coffee and food after the coronavirus forced most of them to work and study from home.
Nyreshia Davis, housekeeping manager, left, and Lindsey Lundgren, night front desk manager, in the lobby of the InterContinental Hotel at Minneapolis-

Women are the front line of the beleaguered hospitality industry

For many, focusing on work today helps them abate worry about the future.
CEO Jim Wolford of Atomic Data and CEO Louis King of Summit Academy, shown with some recent Summit graduates.

Some Minnesota tech companies are still hiring, for now

The tech sector in Minnesota is still growing, even with the effects of the coronavirus.
Ken Melrose, shown in a 1991 photo at Toro's headquarters, died at age 79.

Ken Melrose, the 'servant leader' at Toro for 24 years, dies at 79

Melrose revived Bloomington-based Toro and put it on an acquisition spree that turned it into a market leader.
Jeff Tollefsen, CEO of the rebranded Minnesota Technology Association

Minnesota's high-tech trade group is letting go of the 'high'

The Minnesota High Technology Association will be called MnTech for short.
Mike Mulrooney, behind his Pog Mahone’s bar in Minneapolis, is one tenant of iMetro Property, co-owned by Mike Roess, right.

Minnesota's small businesses bear biggest burden of the COVID recession

It is forcing many into decisions they never thought they would have to make.
Downtown Improvement Zone "ambassadors" Frank Holmes (left) and Dave Hallenberger on Nicollet Mall.

'Ambassadors' ready downtown for gradual return of workers with long list of projects

Downtown Improvement District ambassadors have focused on projects from deep cleaning bus stops, tree grates and sidewalks to greening tasks.
Owner David Chall brought back about 20 furloughed employees of UP Coffee Roasters.

Some small businesses in the Twin Cities test the cost of ramping up

Owners balance ongoing losses against putting workers in danger.
Ann Walker and LaTanya Becton browsed fruits at the Patnode Produce stall on Nicollet Mall in downtown Minneapolis in May 2018.

Virus puts a chill on Twin Cities area farmers markets

Growers who feed the region's farmers markets are concerned.

SBA regional head defends first payroll loans as more aid emerges from U.S. and Minnesota

Trump signs a new round of funding for small business loans, with applications to start on Monday.
75F founder and chief executive Deepinder Singhm, in a file photo.

Minnesota company 75F returns SBA-guaranteed loan funds

A few other companies, including Shake Shack, also returned money to benefit more needy businesses.
Retiree Norb Sticha and Susie Van Hoomissen, who is on furlough, prepare thousands of meals weekly at Catholic Charities.

Twin Cities relief agencies are bombarded, and some big donors step up to help

Catholic Charities, others are inundated and people and backers are helping.
Operations manager Kellie Kronberg and President Mindy Martell at the Clothier Design Source factory in St. Paul.

These small Minnesota companies are filling big pandemic needs

The coronavirus outbreak created new opportunities for some companies, including small ones in the Twin Cities.
Heather Kluge, controller of River City Builders and Millwork near Northfield, said the small construction firm is recalling 15 furloughed workers aft

A trickle of SBA funds starts to flow to Minnesota small businesses

Federal aid has started to arrive to small businesses in Minnesota closed or harmed by the economic effects of the coronavirus pandemic.River City Builders and…
Twin City Die Castings CEO Todd Olson.

Employee-owned Twin City Die Castings pivots to medical products

Growth the past few years has come from making parts for Medtronic-built ventilators and hospital beds.
Randi and the Rev. Jeff Cowmeadow opened the Prodigal Pub in Minneapolis, not far their Calvary Baptist Church. Both are closed, but they stay optimis

Couple weather closure of their Minneapolis church and nearby pub: 'We will get through this'

Jeff and Randi Cowmeadow for more than 30 years have led Calvary Baptist Church in Minneapolis and they more recently started Prodigal Pub nearby. They work hard and have faith, especially now.
Mike Mulrooney, right, owner of Pog Mahone’s bar, can’t make April rent to landlords Ann and Mike Roess, left and center, of iMetro Property.

Twin Cities commercial landlord sweats the financial squeeze in instant recession

Ann and Mike Roess are feeling the same squeeze in this instant recession as their shuttered tenants.
Mark Welna, right, shown in a 2019 file photo with his mother Pat Welna and customer Rolando Diaz of Marna’s restaurant, at the Welna Hardware store

Twin Cities hardware stores 'in survival mode' to retain workers, serve customers

Hardware stores are "essential" businesses amid a commercial shutdown. But the stores are not teeming with shoppers.
Nearly half of Minnesota’s electricity in 2019 came from non-carbon emission sources, such as wind and solar. File photo of a wind turbine near Sauk

Minnesota renewable-energy output grows as pollution from electric generation declines

Nearly half of Minnesota's power came from zero-carbon sources last year.
A federal regulator this month fined a former U.S. Bancorp executive in connection with the bank’s lax money laundering-prevention practices.

Regulators going after wayward bankers

It's further evidence that federal regulators are increasingly targeting culprits on executive row.
Anna Tsantir, owner of Two Bettys Green Cleaning in Minneapolis, had to abruptly lay off more than 120 workers.

Minneapolis green cleaning firm gets swept out by virus downturn

The owners of many small businesses have been forced into making hard choices they didn't see coming.
Keidy and Gene Palusky of Edina will ship about 2,000 solar-powered XTorches to Haiti and the Dominican Republic this month.

Edina couple's solar-powered XTorch lights the way for low-income people around globe

The solar-powered flashlight, lantern and cellphone charger is a game-changer.
Tina Rexing was forced to close down her new T-Rex Cookie shop in Ridgedale Center, but is determined to keep her promising business going in the viru

T-Rex Cookie founder retains resiliency in face of coronavirus

Tina Rexing's company had to shutter its two-week-old mall location and lay off new workers, among other steps to adjust to the changing economy.

SBA ramps up business loans as Fed pledges action

The U.S. Small Business Administration (SBA) opened the spigot for low-interest federal-disaster loans for working capital to Minnesota small businesses suffering economic injury as a…
Bartender/server Penny Masuku, left, and co-owner Barb Gardiner shut down Hen House restaurant in downtown Minneapolis on Monday.

Twin Cities restaurant workers are among first victims of shutdown

Eateries were ordered shut except for takeout, so many had to lay off employees.
Dan Larson, senior vice president of marketing at Arctic Wolf (left) and Chief Revenue Officer Nick Schneider are based in Eden Prairie.

How Silicon Valley's Arctic Wolf made it to Minnesota's 'Silicon Prairie'

Arctic Wolf looks to double the size of its cybersecurity office in Minnesota.
Rick Huebsch heads the U’s tech commercialization efforts.

University of Minnesota technology startups have raised $1.15B in capital

The turn started about 12 years ago, amid harsh criticism that the University of Wisconsin was doing a demonstrably better job.
“I believe in our core values of humility, respect and integrity,” said EVS founder Dennis Kim, right, with his son and current CEO Andy Kim. Abou

Eden Prairie engineering firm EVS chased the sun to a bright future in solar energy

The fast-growing civil-engineering firm nearly failed during the building slowdown of the 2007-09 Great Recession but now grows its business in several states, including Minnesota.
Shoppers flooded Costco caused a checkout line at the Maple Grove Costco to stretch to the back of the store Friday.

Some Minnesota stores draw huge crowds as consumers hunt for TP and soup

Big-box stores fill up with nest-building shoppers while restaurants and stores empty out downtown.
CEO and co-owner Keia Isaacson turned a basement startup into Lakeside Floor Coverings of Fridley, which employs 12.

Fridley business owner Keia Isaacson adds 12 years of increasing value at Lakeside Flooring

Contractors leader has had a tough climb up ladder.
John Koneck has served as president of Fredrikson & Byron for 14 years and sees no advantage to joining a larger, national firm.

Fredrikson & Byron president explains why law firm won't lean into merger wave

John Koneck said the Minneapolis-based firm need not merge for scale or geographic diversification, as several Twin Cities firms have in recent years
Patrick Donohue and Nick Ehret of Hill Capital Corp. devised an “equity based note” that doesn’t demand majority control.

Patience a virtue for Minnesota's Hill Capital Corp. as it launches $10 million fund

The Hill Capital crew has taken an organic approach by hosting "Empire Builders" open events and participating in as many as 200 other networking meetings and programs.
Carpenter Alica Whitmore, left, who took control of her personal finances in 2011 thanks to Prepare + Prosper, is seen with P+P Executive Director Tra

Prepare + Prosper prepares low-income folks prepare for an enriched future

Prepare + Prosper, with a small budget of $2.3 million funded largely by foundation, business and individual donors, has a significant impact.
Alonzo Nelson, a Tech Dump electronic repair technician.

'Fair repair' movement gaining ground with Minnesota legislators

"Fair repair" legislation is under consideration in Minnesota to force manufacturers to share their repair manuals and parts with independent repair shops.
A judge set parameters around the sprawling legal dispute over the future of Bremer Bank, Minnesota's fourth-largest.

Judge sets deadlines on Bremer suits; AG's probe to go on

A former top federal prosecutor was also tapped to serve as a "special master" in the dispute.
Patrick Leder, a one-time IT professional, is the founder of Leder Games, a St. Paul-based board game company that has raised capital and is generatin

The IT refugee from St. Paul has become a board-game industry luminary

A roll of the dice pays off big for a St. Paul board game creator.
Suleyman Osman, shown here with his supervisor Katrena Proffitt, was one of the 300-plus high school students placed in internships by Genesys Works.

Google pledges $1M to five Minnesota nonprofit firms

Google this week pledged $1 million to five Minnesota social enterprises. The five are winners of the Google.org Impact Challenge Minnesota competition launched last fall,…
Summit Academy of Minneapolis provides free training that is supported by growing relationships with private employers such as Atomic Data. Jim Wolfor

Minority employment surges among Twin Cities employers

Partnerships are providing jobs for students and workers for businesses. Employment of people of color in the seven-county metropolitan area rose 50% between 2010 and 2018.
Kyla Sharp, an assembler of electronic control panels, sees her job as a career at growing Design Ready Controls in Brooklyn Park.

Technical and artistic, this worker embodies the Twin Cities factory worker of the future

Single mom finds herself building a career after training program.
Gov. Tim Walz, at a 2019 Minnesota Chamber of Commerce event, has shown a willingness to compromise on some spending issues with business lobbies.

Minnesota business getting more comfortable with Gov. Tim Walz

Some Republican legislators gulped when the DFL Gov. Tim Walz proposed a $2 billion capital-spending bill focused on fixing roads, bridges and renovating frayed-edge public…
Justin Butler's small business, Duck Donuts, was spared thanks to a Washington County court ruling against a subcontractor that was not paid in 2019 b

Twin Cities small business wins one against subcontractor in wake of Thor Construction collapse

Owner begins effort to change Minnesota law.
A Minnesota Commercial Railway train headed along the 6.5-mile spurl line from White Bear Lake to a Hugo industrial park.

Small rail operators looking for $91 million in Minnesota help over several years

The economic ripple created by a $1.5 million state investment a few years ago in a freight-rail spur line south of White Bear Lake, has…
The Bremer Bank branch in IDS Center in Minneapolis.

Bremer's profit rose 7% in 2019, and it gave $80M to the trust it's fighting

The financial-services company posted an above-industry average return on equity of 13% last year and return on assets of 1.22%.
Regis salson in downtown Minneapolis.

Regis accelerating transition to all franchise-owned salons

The company expects to its transition will be 'substantially complete' by the end of 2020.
Bloomington-based Toro, an active acquirer in recent years, is spending $167.5 million to broaden its portfolio of snow- and ice-management products.

Minnesota saw more deals in 2019, but with smaller price tags

Minnesota acquisitions, mergers went small in 2019
Sofia Fund principals, from left, Lisa Crump, Joy Lindsay, CEO Cathy Connett and Dee Thibodeau.

Health care drew huge venture-capital investments in 2019

Health care — and sewers — drew big VC investments
Howard Root and Annette Flores of Elux Marine of Mayer, Minn., are ramping up their heir electric-powered pontoon boat compay, Elux Marine of Mayer, M

Former Minnesota med-tech executive hitting gas on his electric pontoon venture

Howard Root plans to double sales of his Elux Marine's Breeze and Stealth pontoons this year, he said recently at the Minneapolis Boat Show.
Great Clips stylist Zariyah Chude cut the hair of Bill Betzler of Brooklyn Center on Thursday. “They give me good service,” said Betzler, a 15-yea

On the cutting edge: Great Clips grows as competitors trim staff

Privately owned Great Clips continues to grow while its competitors have seen harder times
Bare Honey CEO Dustin Vanasse works with solar-energy developers on rural land to plant native plants and maintain hives.

'Solar honey' emerging as a win-win for clean-energy proponents, Minn. beekeepers

Pollinator-based products, from lip balm to honey-infused beer, is a fast-growing trend, Minnesota ag officials say.
Jessica Gerard, owner of Flirt Boutique, left, and Megan McGuire, owner of Up Six Vintage in St. Paul.

Entrepreneurs look to keep it real at the corner of Selby and Snelling

The women who make up the majority of the 25 small businesses within a strong-arm throw of this St. Paul intersection are determined to keep the its commercial face edgy, quirky and independent.
Closure of Alorica call center in Mendota Heights seen as trend

Closure of Alorica call center in Mendota Heights seen as trend

It's among several moves by the company to cut jobs nationwide.

National consolidator GlobalTranz buys Eagan-based logistics firm Cerasis

Cerasis execs, staff of 119 will supply logistics help.
Sunrise Banks CEO Dave Reiling, Aeon worker-resident Santos Mejas and Aeon CEO Alan Arthur.

Sunrise Banks and partners launch affordable-housing fund for Twin Cities area

Sunrise Banks, Aeon and other partners aim to keep rents low and offer a modest return.
From left, Don MacPherson, 51, and Shakeel Nelson, 25, buddies for 17 years, help youth through Inner City Ducks.

A business man and his onetime 'little brother' make Minnesota a better place

With support from Don MacPherson and a growing list of others, Shakeel Nelson is the volunteer CEO of Inner City Ducks.
Owner Wendy Puckett of Wendy’s House of Soul. She is recovering after being shot by an assailant with a pellet gun.

Community stepped up after owner's shooting forced Wendy's House of Soul to close during prime time

The Thanksgiving-Christmas holidays usually are gravy for chef Wendy Puckett, of Wendy’s House of Soul, the small bistro and caterer on W. Broadway Avenue on…
The Bremer Bank branch at the IDS Center in November.

Legal battle grows as Bremer Finanical employee-owners sue Bremer Trust

The lawsuit seeks to block the foundations' effort to force the sale of the financial services company.

Call center in Mendota Heights once slated to expand now will close

It's not clear what changed from the expansion plans announced in late 2018.
Hopkins has agreed to pay developer Kelly Doran an additional $8 million to settle a dispute over a $10.5 million parking ramp for commuters built int

Hopkins will pay another $8M to a developer to settle parking-ramp issue

Developer had sued the city over the payment for a public ramp built for commuters.
Inspire Medical Systems Chairwoman Marilyn Nelson, right, and CEO Tim Herbert, second from right, at the New York Stock Exchange in 2018.

Minnesota stocks soared in '19 but couldn't keep up with sprinting markets

State's Piper index was up 21.6% last year, but lagged the national S&P, which rose 31%
The future for these Minneapolis Edison High students and others is threatened by a $1 trillion federal deficit, wealth concentration among the top 5%

America should do this to advance a stronger economy for the working-to-middle class

The middle class is struggling as the top 10% get richer.
Founder Deepinder Singh, seated at right, in 2017 with some of the employees at Burnsville-based 75F. Over the last year, Singh says, 75F has doubled

Minnesota firms grow an industry focused on renewable energy and software analytics

The small businesses are the growth leaders of the state's economy, at the intersection of energy efficiency, renewables, environmental considerations and next-generation software and technology.
Chef Ann Ahmed, right, owner of Lat14 and Lemon Grass Thai, displayed salads with two student workers from Roots for the Home Team/Urban Roots. The te

Twin Cities teens pitch salads for Target Field and Kowalski's

Roots for the Home Team kids learn to plant, tend and harvest, as well as make savory salads.
Colliers takes big stake in Dougherty Financial

Colliers takes big stake in Dougherty Financial

Canada-based Colliers International will become majority owner of Minneapolis-based Dougherty Financial Group through a deal to buy controlling interest in four subsidiaries.Terms of the transaction…
Jana Bonner, left, with Alliance Housing’s Barbara Jeanetta and volunteer Ted Pouliot at Minnehaha Commons on E. Lake Street.

Recently homeless in Mpls., former businesswoman grateful for studio apartment

Homelessness, particularly among those 55 and over, continues to rise in the Twin Cities and Minnesota.
John Wolf, who had deep ties to the area around Chicago Avenue and Lake Street, says the neighborhood is a “hidden gem.”

Retailer invests in upscale units at once-blighted Minneapolis corner

John Wolf is a $10 million believer in the neighborhood around Chicago Avenue and Lake Street.
Armando Ocampo opened his second restaurant in the Midtown Global Market development that NDC and partners opened in the abandoned Sears building on E

Family investing $2M to expand popular Los Ocampo restaurant on Lake St.

The seven-site restaurant business employs 150-plus and could hit $10 million in sales within a couple of years.
Owner Dan Digre of St. Paul’s MISCO, an industrial speaker manufacturer, has canceled growth plans as the tariff war has cut profits nearly in half.

Farmers not only ones in Minn. angry over U.S.-China trade war

St. Paul speaker manufacturer Dan Digre, who hasn't voted for a Democrat for president for 40 years, says he has had it with President Trump's trade war.
Founder John Mickman and brother Chris Mickman at state land being reforested by Mickman Brothers contributions.

Minnesota wreath maker, one of nation's largest, started with tradition brought from Norway

Mickman Brothers of Ham Lake will post about $20 million this year in wholesale revenue, making it one of the nation's largest wreath producers.
For South High senior Jordan Dotson, the Step Up program “has been one of the best experiences of my life. I’ve gone from filing papers to finaliz

Accomplished Minneapolis South High senior is a top student, creative soul and Best Buy veteran

Jordan Dotson, who got her first internship the summer after eighth grade, is a recent star of Minneapolis Step Up.
Gene Koehler of Ramsey, Graco’s longest-serving active employee, plans to retire after 50 years next spring. He started at age 19.

Retiring Graco factory worker looks back on 50-year career

Gene Koehler underscores that ethic about the "dignity of work," fair wages and the right of the worker to prosper.