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
The Small Business Administration is offering financial assistance to businesses and residents that suffered property damage in the riots that followe

SBA offering disaster loans of up to $2M to Twin Cities businesses, residents affected by riots

The SBA is moving in where FEMA decided not to and while state and local agencies are marking time.
Target Corp will invest $8 million-plus over several years to acquire the space vacated by failed Thor Construction in the two-year-old building at Pl

Target will finance Summit Academy expansion in north Minneapolis

Summit Academy will operate the North Star Innovation Center in space vacated by Thor Construction.
Kiku Enterprises founders Shiro “Don” and Patricia Katagiri, with daughter Chieko Katagiri Karlsen. The travel consultancy business is struggling

How a business that hosts Japanese visitors in Minnesota is contending with the travel plunge

Family-owned Kiku Enterprises brings an estimated $10 million in travel spending to the Twin Cities annually.
Salina Julin, 27, found what she considers a career position as a warehouse supervisor at Graco through Volt Workforce Solutions and the nonprofit Tra

Trades Hub helps young workers find Minnesota manufacturing jobs, scholarships

The electronic platform links young people, particularly women and minorities, to industrial and manufacturing employers, plus more.
Deb Hilmerson, a veteran construction site safety consultant, with a barrier fence system she developed that is being used in Minneapolis. The system

Minnesota safety innovator invents better way to protect construction sites

Companies increasingly bought into the economical notion that investing in safety and preventing accidents avoids injuries, deaths and huge costs.
Stakeholders rallied after Henry Bromelkamp, center, was felled by a traumatic brain injury in 2019. They made sure his business and philanthropic wor

How a Twin Cities software company recovered after its founder's accident

The outlook has gone from calamitous to hopeful for Henry Bromelkamp and his company.
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.

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

HelpSystems purchases GlobalScape for $217M.
CEO Anne Behrendt said Doran Cos. is using a $1 million forgivable “paycheck protection” loan. Behrendt, left, stood with CFO Ryan Johnson and fou

Twin Cities software firm, after first turning down PPP, decided it needs the boost after all

You can't blame a struggling business, even one with reserves, for tapping cheap funds to help survive.
Telecommunications and horse-racing entrepreneur Curt Sampson has died at 87.

Known for Canterbury Park, Curt Sampson was a veteran entrepreneur who built several Minn. telecom firms

The homespun millionaire, who died Thursday at age 87, never acted like he was a big deal, business associates recalled.
Downtown Council CEO Steve Cramer, seen in 2017 with Mayor Betsy Hodges and Council Member Jacob Frey, says the city’s desirability is now diminishe

Minneapolis business groups warn against 'dismantling' police, press for reforms

Downtown Council and others support a strong police department as well as a "continuum of safety strategies."
Baheru Haile worked at the former Sheraton Midtown Hotel but was let go, along with all the other employees, in March. He’s looking for work.

Twin Cities hotel workers and owners uncomfortable with uncertain future

Hotels can only wait for guests to return as restrictions ease.
From left, Don MacPherson, Dashon Amos and Shakeel Nelson of Inner City Ducks delivered groceries in May to families in North Minneapolis.

'Big Brother' relationship grew into organization that touches needy families in Twin Cities

Inner City Ducks is a club of about 75 middle school boys and girls from Olson Middle School and neighboring Creekview Park.
Security officer Ken Reese Jr., left, led the defense of the Midtown Global Market from vandals and looters. With him is market director Earlsworth �

A humble defender of Allina-Midtown market inspires hope on E. Lake Street

As the Global Market was attacked by looters, guards, volunteers rose to fight for what had been built.
Best Care owner-operator Andre Best with personal care attendant Mesuda Hudug, picking up manual and personal protective equipment before she goes to

COVID-19 crisis crimps funding for home-health aides in Minnesota

Advocates also say some of the smaller, weaker agencies will fail this year, compounding the worker shortage.
IPS Solar installer Sevion Dalton worked at the Edina Public Works Community Solar Garden in 2019.

IPS grows hotter in a cool economy this year

Impact Power Solutions is a pioneer of the Minnesota solar industry with a new majority owner that has fueled red-hot growth in a recession. SmartPitch…
Michael Graham, general manager in the Twin Cities, in the yet-to-be-remodeled Capsule operations center on N. Washington Avenue in Minneapolis.

Capsule, a digital pharmacy, brings same-day delivery to Minneapolis

In seeking to be the paramount online disrupter in the emerging digital-pharmacy industry, Capsule has received notice for raising about $250 million in capital over several years, including $200 million last fall.
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 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.