Staff Directory 6370535

Neal St. Anthony

Columnist, reporter | Business
Phone: 612-673-7144

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

'Barber Bob' leaving Grain Exchange in downtown Minneapolis

Managing partners Patrick Donohue, a former investment banker, and Nick Ehret, a CPA and small-business adviser, are executives at Hill Capital Corp.

St. Anthony: 'Patient' investing paying off for St. Paul's Hill Capital

The grassroots-investment firm, which also provides advisers, has raised a second fund of $25 million.
Jennifer Smith

Jennifer Smith, leader of Burnsville's Innovative Office Solutions, has died

Businesswoman raised more than $1 million for leukemia research in the weeks before her death.
Hennepin Healthcare nurse Tykia Hess and patient Sonia Thompson at the Hennepin Healthcare Downtown Specialty Clinic in December.

St. Anthony: Medical professions in Minnesota need more people of color in their ranks

Nurse Tykia Hess and Dr. Brandi Gorden Klukas overcame significant odds to become medical professionals.
RBC Gateway stands over the Hennepin-Washington Avenue intersection.

Neal St. Anthony: Downtown Minneapolis is down, not out

The chatter is all over the place, and the moves are happening both downtown and in the suburbs.
An architect’s rendering of the Canvas Apartments, which are currently under construction.

St. Anthony: Canvas Apartments in NE Mpls. underscores need for more affordable units

Construction began this month in northeast Minneapolis on Canvas Apartments, a $71 million, 160-unit affordable housing complex by LS Black Development.
Tawanna Black, founder and CEO of the Center for Economic Inclusion

Twin Cities BIPOC business accelerator launches

St. Paul-based Center for Economic Inclusion joins with private partners on $5 million effort that will impact up to 60 minority-owned small businesses
Rendering of the expansion and renovation of the Minneapolis American Indian Center.

Minneapolis American Indian Center breaks ground this week on $32.5M expansion

Two nearby redevelopments valued at $80 million-plus also will advance health, housing, commerce and art along Franklin Avenue corridor.
Michael Howe, left, founder of Good Clinic, and  Larry Diamond, CEO of parent company Mitesco.

St. Anthony: Future uncertain for Good Clinic, a startup that looked promising last year

Four of its six clinics have closed and its parent firm has warned investors of "substantial doubt" about its future.
Niron Magnetics Chief Operating Officer John Larson, left, and Chief Executive Andy Blackburn at Niron’s prototype manufacturing facility in northea

Niron Magnetics plans to power greener electric motors

The Minneapolis-based company has raised $77 million to develop 'clean earth' magnets.
Project Diva founder Neda Kellogg and Xcel Energy’s Jim Houston.

Corporate volunteer mentors adding up through HandsOn Twin Cities

An Xcel volunteer signed up for a day and happily completed a 12-week project for Project Diva.
Downtown managers say crime has declined since Labor Day. Statistics back them up.

St. Anthony: Downtown crime is down as more workers return

Business leaders and police say statistics back up the assertion.
Devean George, outside the Commons housing complex he developed in north Minneapolis, plans a $19 million modular-home factory for the North Loop.

Developer Devean George plans $19M modular-home factory for North Loop

The Minneapolis City Council on Thursday will vote on a $2 million loan for the project near the Minneapolis Farmers Market.
Tri-Construction co-founder Calvin Littlejohn (left) and T.J. Ticey of TRI; Young Moua and Jamil Ford of Mobilize Design & Architecture; and Tri co-fo

St. Anthony: W. Broadway in north Minneapolis has another neighborhood-changing renovation

The renovation and expansion of 927 W. Broadway by Tri-Construction and partners also involves Black ownership
Mostly Made’s founder Jillian McGary, center, with Periscope’s Tricia Warren and Richard Gordon- Smith.

Minnesota-made hot dish meal kit business warming up after reset

It took Minnetonka's Jillian McGary six years and more than $60,000 in savings — and the reboot last year — to survive for a new chapter.
Fortra CEO Kate Bolseth

HelpSystems, one of Minnesota's largest software developers, changes name to Fortra

The privately-held cybersecurity firm expects revenue to grow about 50% this year.
Alliiance architect Ernesto Ruiz-Garcia, pictured with Alliiance President Eric Peterson, redesigned the first floor of the Young Quinlan building int

St. Anthony: Alliiance, the architecture firm with two i's, is remaking Minneapolis landmarks

Alliiance is best known for airport renovations, including the ongoing, huge makeover of MSP.
Apprentice solar workers trained by the White Earth Tribal & Community College work on Minnesota Power as well as reservation projects.

Red Lake, White Earth solar energy projects mean new employment opportunities

Programs in partnership with Minnesota Power are changing the way the bands are approaching the projects.
The planned Tamarack mine in Aitkin County would produce high-grade nickel, shown in these recent samples. The project is a joint venture of Talon Met

$433M processing facility for proposed Tamarack mine now will be in N.D.

Talon hopes the environmental permitting process in Minnesota will go more smoothly without the facility.
A Hong Kong building advertisement for beleaguered Bitcoin, dogged by scams, scandals and disbelief, which has fallen in value by more than 70% since

St. Anthony: Crypto currency seems more risky fad than store of value

Kim Kardashian just paid a crypto-related fine of $1 million. That should say something.
Another $10M in grants will help riot-damaged Minneapolis corridors rebuild

Another $10M in grants will help riot-damaged Minneapolis corridors rebuild

The money will help 20 small businesses and nonprofits finish redevelopment projects.

Another $10M in grants will help riot-damaged Minneapolis corridors rebuild

The Hennepin Theatre Trust, after refinancing, has retired city-backed bonds 13 years early.

Hennepin Theatre Trust pays off $14M of city-backed debt

The move, made possible through refinancing, will give the nonprofit full title to three historic downtown theaters: the Orpheum, State and Pantages.
Warda Hussein, a soon-to-graduate nursing student, and her mother Mana Sharif-Hassan, a school bus driver, are pleased to be owners since summer of a

Twin Cities Habitat for Humanity grew 20% in past year

Thanks to a growing partnership with Bremer Bank and some hefty donations, including from philanthropist MacKenzie Scott, the nonprofit business is one of the top 12 residential developers in the Twin Cities.
Despite steady winds, many wind turbines on the Fenton Wind Farm and elsewhere in southern Minnesota are idle from power line congestion that is leadi

Can we get renewables on the electricity grid faster in Minnesota?

Analysts from the Great Plains Institute, the Minneapolis think tank that studies this and other renewable-energy issues, talk about what needs to happen — and how likely it is.
David Cleveland, right, with his son, Brad, right, and nephew John, center, at John’s CARspec hybrid auto-repair shop in Eden Prairie in 2016. David

David Cleveland, a Minneapolis community banker and MN Cup founder, dies at 89

Cleveland died at his farm in Wisconsin earlier this month.
InstaTrim founders Greg and Betsy Amundson.

Minnesota small business battles alleged counterfeiters on Amazon

The founder of Twin Cities-based InstaTrim has experienced a 35% decline this year on Amazon, its primary platform, after several years of rapid growth.
David Reiling, chief executive of Sunrise Banks. The St. Paul-based bank will get $250 million in federal funds for its community development financia

Federal government gives Sunrise Banks $250M for community-impact lending

The funds will result in $2.5 billion in new lending in the Twin Cities, Sunrise executives say.
Former Meda CEO Alfredo Martel was with the nonprofit advisor-and-lender to emerging minority businesses since 2019.

Martel leaves Meda CEO role after three years; Bridges takes interim role

Meda is the largest nonprofit finance provider in Minnesota.
Whittier School’s Jeff “Nacho” Carlson posed with some of his summer Waterways participants and counselors.

Whittier School community education coordinator leads and learns from neighborhood kids

Jeff "Nacho" Carlson guides Minneapolis youth and fellow mentors to green a small piece of the planet.
James Dada, chief operating officer and chief financial officer of Park Supply, recently bought a majority stake in the business. Photo by staff colum

St. Anthony: Minneapolis plumbing supply firm now leaner, but ready to build again

Park Supply's bankruptcy case helped resolve its dispute with lenders but it still has a big rebuilding job.
Andrew Butts, founder of the Green Neighbor Challenge nonprofit, which recently won a $100,000 award.

Want to use green energy? A Twin Cities nonprofit can help.

The Green Neighbor Challenge founder talks about the $100,000 grant the nonprofit recently received and how it connects people with programs.
Kenya McKnight-Ahad (right) meets with Aisha Wadud, a massage business owner who is one of the first tenants in the ZaRah wellness center in north Min

St. Anthony: Builder of Black women businesses adds wellness complex on North Side

Kenya McKnight-Ahad is part of a growing cohort of Black entrepreneurs providing space for other emerging businesses.
Griffin Dooling, president of the Minnesota Solar Energy Industry Association and CEO of Blue Horizon Energy of Minnetonka.

President of Minnesota solar group says new federal investment act should accelerate growth

The industry expects to exceed 10% of Minnesota power generation by 2030, Griffin Dooling said.
Owners Nancy St. Germaine and Justin Wells of Jack’s Hardware and Farm Supply in Minneapolis.

Minneapolis couple made a store their own — but struggle to find footing with longtime customers

Nancy St. Germaine, a veteran commercial-construction contractor, and her husband and business partner, Justin Wells, have struggled to get the former Welna Hardware in the Seward neighborhood rolling as Jack's Hardware and Farm Supply.
A Talon Metals technologists checks drilling samples at the company’s proposed nickel-copper mine near Tamrack, about 40 miles west of Duluth.

St. Anthony: Minnesota's mining push buoyed by new climate-change law

The proposed Tamarack mine boasts high-concentrate nickel, sought by Tesla and the growing electric-vehicle industry.
Judith Merinyo, Project Zawadi country manager, and Brian Singer, founder of safari-business Access 2 Tanzania. with Zawadi students in Tanzania.

How a St. Paul safari company helps its Tanzanian employees, families

Business customers came through in 2020-21 for idled Tanzania employees of Minnesota-based tour company and its nonprofit Project Zawadi that educates hundreds in rural Tanzania
Roger Scherer, photographed riding the then-new Northstar commuter rail line in 2009, was a Metropolitan Council member.

Roger Scherer, builder of lumber company and former legislator and Met Council member, dies at 87

He helped build Scherer Bros. Lumber in Minneapolis into a regional producer of wood and building products.
Developer Seward Redesign added locally produced art this summer to the vacant Coliseum building on E. Lake Street.

Hennepin County set to invest $10M in businesses, especially in riot-damaged areas

The Hennepin County Board on Tuesday is expected to approve the economic-recovery funds that are mostly for the corridors vandalized during the riots following the 2020 police killing of George Floyd.
CEO Ron Konezny of Digi International with several “Internet of Things” communications devices that link industrial equipment to the internet for

St. Anthony: Hopkins' Digi International continues to outperform

Digi, the provider of devices that connect equipment globally to the internet, as well as software services, has been among Minnesota's best companies to own for the last several years.
Chris Webley, center, is leading redevelopment project on the North Side. Helping are project manager Dwayne Etheridge of New Image Construction, left

St. Anthony: New restaurant is just latest project for north Minneapolis developer

Chris Webley is on a several-year pursuit to build businesses and spread the wealth on the North Side of Minneapolis.
President Brian Short of Short Companies, owner of Admiral Merchants trucking; truck driver-owner Doron Doravi, and Admiral Merchants manager Tim Burk

St. Anthony: Volunteer trucker drives Vietnam War memorial replica around Minnesota

Doron Doravi, a Minneapolis trucker, delivered a replica of the Vietnam War Memorial during a Minnesota leg of its national tour.
Lynn Casey, chair of the Itasca Project

Two Twin Cities business groups — Itasca Project and Greater MSP — are merging

Itasca, started in 2003 by volunteer leaders in search of bipartisan policy recommendations, will become part of the Greater MSP economic development organization.
Shannon O’Leary, chief investment officer of the St. Paul & Minnesota Foundation.

St. Paul investment officer focuses on diversity, ESG because it's good for business

Shannon O'Leary, chief investment officer of the St. Paul & Minnesota Foundation, expects her fund managers to invest in stakeholder-driven companies and to diversify their investment teams because that's best for long-term performance as well as the right thing to do.
Alerus lender Julie Stewart, Crystal Hill-Hover, founder and CEO of Twin Cities Wellness Center & Recovery Gym; and investor and business adviser Paul

St. Anthony: North Mpls. wellness center owner and ex-felon gets rare SBA loan

Crystal Hill-Hover recently raised expansion capital through Alerus bank for her Twin Cities Wellness Center & Recovery Gym in north Minneapolis.
John Long, a veteran software entrepreneur, has led Bromelkamp Co. since 2020, the year after founder Henry Bromelkamp was seriously injured in an acc

St. Anthony: Twin Cities software firm is saved by many hands after founder's accident

Bromelkamp Co. has a new name and is growing, three years after its founder's accident created uncertainty.
Steve Mura left a job as a corporate marketing executive five years ago to run a landscaping company in Richfield.

St. Anthony: Marketing exec bolts beer giant to build Twin Cities landscaper

Steve Mura, a top marketing executive at Molson Coors, quit the politics of corporate life to run his own business.
Dean Ramos, Minneapolis-based regional director of the Latvian American Chamber of Commerce; Latvian Prime Minister Kirsjanis Karins; and Latvian-born

St. Anthony: Latvian-born Minnesota businessman, long wary of Russia, says consume more Stoli

Latvia — one of the three small Baltic states that border Russia and where Stoli is made — is encouraging Minnesota investment.
Bruce Bomier and Dr. Kyle Kingsley

St. Anthony: Two longtime medical cannabis advocates see progress — but more to be made

Bruce Bomier, 75, a disabled Vietnam War veteran and retired businessman, and Dr. Kyle Kingsley, 46, who started Minnesota's largest medical marijuana concern in 2014, are stalwarts in advocacy in Minnesota.
David Edgerton Jr., owner of DEJ Group

Leadership program alumni tackling diversity issues facing Minnesota

The Minnesota Young American Leaders Program has helped tackle business and education leadership diversity, among other topics.
From left to right, Nova Group executives Senior Vice President Lou Raiola, President Ben Bohline, CEO Steve Cummings and Vice President Jack Cummings

Twin Cities environmental engineering firm in right business at right time

Nova Group, a 35-year-old, St. Louis Park-based company, has grown as commercial real estate investors add environmental goals to their businesses.
Steve Truax

Steve Truax, a Marine in Vietnam, diamond cutter, business owner and volunteer, dies at 75

Truax had a passion for reading, walking and fly fishing.
CEO Joe Hobot of American Indian OIC led the legislative effort to match private funds for rebuilding Indigenous capital projects.

St. Anthony: Minnesota legislative logjam despite surplus a bitter pill for businesses

The failure this month of the Republican-led Senate to strike tax-cut and bonding deals with Gov. Tim Walz is bitter for several industries.
John Dunlop and his renewable-powered duplex.

Renewable energy pioneer's ultra-efficient Minneapolis duplex snapped up quickly

After 44 years, renewable energy-pioneer John Dunlop and wife are selling the duplex they converted from energy hog to low-carbon castle since 1978.
Gevo has agreements to supply hundreds of millions of gallons of low-carbon aviation fuel to customers such as Delta. But the volatile stock has been

Despite bumps, plant-based aviation fuels maker Gevo continues its stock flight

The company is launching a huge plant in South Dakota to produce no-carbon aviation fuel.
Melanie Richards has grown her goGlow salon and skin care business 40% a year for 10 years.

St. Anthony: Driven Minnesota entrepreneur's three-salon business still growing

Melanie Richards, raised by an accomplished single mom and a state trooper grandfather, has always focused on women, including 35-employee goGlow.
CEO Tawanna Black of the Center for Economic Inclusion

Growth & Justice merges into larger Center for Economic Inclusion

The two focus on racial equity and widespread prosperity as ingredients for stronger economy.

St. Anthony: Duluth's Arbor Wood growing in soft Minnesota timber trade, opening Eveleth plant

The 10-year-old firm is expanding in a static industry to a renovated plant in Eveleth with its innovative use of less-desirable timber.
Claros Technologies scientist Conor Broderick, left, founder and Chief Technology Officer Abdennour Abbas and chief executive Michelle Bellanca in the

St. Anthony: Minneapolis firm strikes first major deal for its PFAS-fighting technology

A Japanese chemical company will use the technology developed by Claros Technologies, which will open a new headquarters and pilot plant Tuesday in northeast Minneapolis.
Real estate developer Dan Coleman, right to left, P.J. Hill and Billy Jones, who owns ForReal Coffeehouse at 3740 Chicago Av. in Minneapolis and grew

St. Anthony: There's hope for more Black entrepreneurs around George Floyd Square

Two years after riots devastated area businesses following the killing of George Floyd by Minneapolis police, owners are working to rebuild.
Fuel producers, such as Minnetonka-based Northern Oil & Gas, have been top performers in a generally down stock market in 2022. In this May 2021 photo

St. Anthony: Most Minnesota company stocks lost value so far this year — what's next?

The S&P 500 index of America's largest companies was down 16% through May 13. The Piper Sandler Minnesota index of the 50 largest public companies in the state was down significantly as well.
Tim Baylor during a groundbreaking ceremony Thursday on a $68 million residential-commercial project he is leading in north Minneapolis.

Construction starts on $68M apartment, commercial complex in north Minneapolis

The project is one of the largest ever outside downtown and led by veteran businessman Tim Baylor, Catalyst Opportunity Funds, private investors and local government.
Joe Puishys, chairman of the Minneapolis Club board, sits in the downtown club’s dining room.

Money-losing Minneapolis Club gains traction with two-year turnaround effort

The 125-year-old downtown club, facing membership decline and losses for several years, has invested in a comeback plan.
A Minnesota Commercial Railway train traversed the 6.5-mile spur rail line from White Bear Lake to a Hugo industrial park.

St. Anthony: Niche short-haul railroads say they need state money to keep tracks updated

Minnesota's small railroads and trucking firms want more state funds amid growing cargo-weight exceptions that cause disproportionate wear on county and state roads.

Public-private coalition plans $2B fund to revitalize Twin Cities

The GroundBreak Coalition will use business, philanthropic and public capital to help rebuild the corridor hit by riots after George Floyd's death and address inequities in home ownership and business in the Twin Cities.
President Andy Kim and founder Dennis Kim of solar-engineering firm EVS.

St. Anthony: Minnesota solar firms, including Eden Prairie's EVS, growing at hot pace

The industry, albeit facing short-term challenges, is needed for the state of Minnesota and other entities to meet carbon goals.
Katie Steller, left, and mother, Julie Steller, in Steller Handcrafted Goods in northeast Minneapolis.

St. Anthony: Humble Minneapolis entrepreneurs on the mend after COVID downturns

Julie Steller, founder of Steller Handcrafted Goods, and daughter Katie Steller, founder of Steller Hair, are growing after pandemic-clipped years. They operate across the street from each other in northeast Minneapolis.
Hero Yang, pictured with Graco manager Josh Behr during a high school Step Up internship, works for HP in technology at Best Buy’s Richfield headqua

Minneapolis Step Up expands career opportunities for diverse youth

Step Up veterans Hero Yang and and Farah Dahir are welcomed by employee-hungry Twin Cities employers.
Tony Sanneh spoke to Dreamline mentors during a training session at the Sanneh Foundation headquarters.

St. Anthony: Soccer star Tony Sanneh's efforts show 'enlightened capitalism'

The Sanneh Foundation, run by the former soccer star from St. Paul, is spreading opportunity and success through sports, mentoring, nutrition and partnerships with St. Mary's University and others.
CEO Bill McNeely Jr. of Acrylic Design posed in the showroom with the new Recrylic recycled-product display that he said is just as good, cuts energy

St. Anthony: Plymouth company finding new niche with recycled plexiglass product

Acrylic Design is selling its Recrylic replacement product that's made from recycled, petroleum-based acrylic to meet business-customer demand for what was a one-and-done product.
CEO Dan Stoltz of Spire Credit Union, who had to be talked into being the St. Paul credit union’s pitch man, now relishes driving around in the old

St. Anthony: Spire Credit Union's Dan Stoltz is the 'CEO on the street'

Dan Stoltz led a turnaround of the St. Paul credit union's finances and operations.
Tuesday, March 29, 2022 in Minneapolis, Minn. ] DAVID JOLES • Several people involved with Minnesota's new "clean-energy

Renewable energy investments becoming mainstream, from startups to global deals

Recent strategic acquisitions of Minnesota renewable energy firms, plus the opening of the Grid Catalyst clean-energy business accelerator, demonstrate how mainstream money is flowing to the sector.
Bill Emory, chairman of Smart Care

St. Paul's Smart Care still strong after pandemic setbacks

Smart Care CEO Bill Emory made every employee a shareholder during tough days of 2020, and the company now has a new primary owner.
Iron workers on the job in downtown Minneapolis. The Workers’ Compensation Reinsurance Association is giving out a record distribution this year.

St. Anthony: State workers' comp group paying out record $600M distribution

The excess capital is a turnaround from 2009, when the quasi-public agency assessed $268 million to make up a projected deficit over five years.
Tech Dump Chief Executive Amanda LaGrange, left — pictured with Derek Olson, sales and purchasing manager, and Emily Mauter, director of advancement

'Right to repair' push back in front of Minnesota legislators

The "Digital Fair Repair Act" is expected to pass the Minnesota House, but has yet to get a hearing in Republican-controlled Senate.