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
Volunteer Gerard Bodell leads the board of Minnesota Court Appointed Special Advocates for Children (CASA).

St. Anthony: Retired Target manager fighting to shore up court advocate volunteer program serving foster kids

The ranks have declined, both because of COVID-19 and because a training program was suspended.
CEO Andy Blackburn of Niron Magnetics

Minneapolis' Niron Magnetics still small, but intends to be big player in greener economy

The company, having raised $30 million in capital, is building a Minneapolis pilot plant to make sustainable magnets that will replace use of imported rare-earth materials.
FourCubed’s Chris Carlson

SharpLink makes $8.1M deal to buy fellow Mpls. gaming company

Chris Carlson's 2005 gamble starting FourCubed paid off, as he becomes part of the newly public SharpLink organization.
Sun Country CEO Jude Bricker

St. Anthony: Holiday shutdown, insider sales could damage Sun Country

The Twin Cities-based airline hits some turbulence.
CEO Greg Ridderbusch of Connexus Energy

St. Anthony: Why Connexus Energy won't raise electric rates for a fifth year

The north-suburban cooperative credits renewable energy investments, and also seeks independence from Great River Energy.
Clearfield, the provider of fiber-optic cable and other broadband products, was the second-best performer on the stock market among Minnesota’s publ

Broadband installer Clearfield a leader among Minnesota's standout stocks in 2021

Three out of four of Minnesota's publicly listed companies saw their share values rise in a year when the overall market surged nearly 30%.
Digi CEO Ron Konezny

Digi International, slowly transforming business model, increased share value 25% in 2021

Digi, approaching $1 billion in value, has made operational and financial progress under CEO Ron Konezny since 2015.
Louis King, CEO of Summit Academy, has been named chief executive of the national OIC network as well.

Summit Academy's Louis King named CEO of national job training network

Louis King will retain his post as CEO of Summit as well.
Rev. Alika Galloway of Liberty Community Church, left, with Julia Nerbonne, executive director of Minnesota Interfaith Power & Light; and Amber Naqvi,

Software entrepreneur funds solar projects in Minneapolis

Amber Naqvi is building a solar-software company in Eagan and funding solar projects in overlooked parts of the Twin Cities.
Fair Anita founder Joy McBrien

Minneapolis retailer Fair Anita works with female artisans around the globe

Joy McBrien's business hit $1 million in sales this year and returned more money to artisans in Central and South America.
Don Kohlenberger of Hightower Initiatives, the Dayton’s Project local representative, and Meghan Elliott, founder of New History, are key players in

Dayton's Project is fueled by federal-state tax credits

The developer-owners, delayed by COVID-19 and victorious in a recent court fight, now focus on leasing.
Pikup executives Sam Lerdahl, left, CEO Bharat Pulgam and Josh Chang. 

Twin Cities startup setting up 'milkman' system of regular neighborhood delivery routes

Pikup received $1.8 million in venture capital funds to help fuel its growth.
The Rev. Alfred Babington-Johnston of Stairstep Foundation and David McGee, a veteran banker who heads Build Wealth, have acquired the Regional Accele

A pair of North Side nonprofits quietly buys Thor-built center in $10M deal

The Regional Acceleration Center is acquired in a transaction that preserves local ownership.
Sammy McDowell, founder of Sammy’s Avenue Eatery on W. Broadway, is expanding to a food hall that also will broaden his catering operation on the No

Veteran cafe owner opening second spot on Minneapolis' North Side

Sammy's Avenue Eatery is approaching $1 million in annual sales.
Navegate CEO Nathan Dey is leaving the company after it is sold to Radiant Logistics.

Minnesota's Navegate, with roots in serving Control Data, Honeywell, sold for $35M

The Mendota Heights-based company will become a wholly owned subsidiary of Radiant Logistics, based in Washington state.
Darryl Weivoda, right, who has owned North End Hardware for more than 40 years, is selling it to long-time employee John Guion.

North End Hardware owner calls it a career

Darryl Weivoda, 65, neighborhood business leader is giving up the long hours and selling to a long-time employee.
Gathered at Peris Hill, a 45-unit affordable housing complex that opened in November for low-income adults: President Bill Graves of the Graves Founda

Twin Cities couple plan to give away around $100M, concentrating on disadvantaged youth

The money seeding the Graves Foundation is from John and Denise Graves selling their tax-compliance software business a few years ago.
Architect James Garrett Jr. of 4RM+ULA and Seward Redesign project manager Taylor Smrikarova plan to transform a damaged U.S. Bank branch on E. Lake S

U.S. Bank donates riot-damaged Mpls. branch to nonprofit developer

Seward Redesign plans 2800 E. Lake St. redevelopment that will include affordable housing, commercial spaces and a home for nonprofits.
Anna Bloomstrand will be the fourth generation to lead Ingebretsen’s when she eventually replaces her mother, Julie Ingebretsen, as CEO.

Ingebretsen's stands strong for 100 years as 'heart of Lake Street'

Scandinavian food-and-gift shop helps Minneapolis neighborhood businesses recover.
Executive Vice President Todd Lee and CEO Michael Solberg outside Bell Bank’s new City Center office in downtown Minneapolis.

North Dakota's largest bank is fueled by growth in Twin Cities

Bell Bank expands downtown
BMO banker Saul Hernandez chatted with Olivia Rodriguez, co-owner of El Rey Car Audio, which with a BMO loan plans to rebuild in a larger building it

Bank manager, who grew up off Lake Street, determined to help neighborhood

Saul Hernandez, manager of the BMO Bank branch, believes in community outreach and helping to rebuild the Lake Street corridor in Minneapolis.
CEO Joe Hobot at the American Indian OIC at Franklin and Cedar avenues, adjacent to an Indian-developed affordable housing project that also is part o

Twin Cities American Indian business leaders coordinating on development projects

The American Indian OIC is one of the groups that are ready to build new facilities to improve their programs.
Margaret Zack in 1980.

Margaret Zack, Star Tribune courts reporter and union leader, dies at 77

She was an attorney and longtime elected officer for the Newspaper Guild.
An architect’s rendering of Spectro Alloys’ expansion.

St. Anthony: Spectro Alloys invests $10 million in its aluminum-recycling business

Spectro Alloys of Rosemount is investing $10 million to make its Rosemount recycling plant, the Upper Midwest's largest processor of industrial aluminum, safer and more…
Dick Youngblood

Longtime Star Tribune business journalist Dick Youngblood dies at 85

Dick Youngblood was known for his folksy writing style, fascination with entrepreneurs and for treating new colleagues to a "Jucy Lucy" cheeseburger.Youngblood, a longtime business…
Finland’s Uponor operates its North American headquarters from Apple Valley

Minnesota and Finland want to accelerate business partnership

Gov. Tim Walz will lead a delegation visiting Finland in November.
Katey Sierra, a mental health coordinator at Abbott Northwestern Hospital, voted to join the SEIU.

St. Anthony: COVID working conditions, income insecurity spur 'Striketober'

October has been marked by high-profile strikes and new organizing, including mental health coordinators at Allina.
Pinky and Samir Patel, owners of riot-damaged Elite Cleaners, are rebuilding and will eventually own an expanded building off of East Lake Street.

St. Anthony: A small-dollar, big-heart rebuild emerges along Lake Street

The $1.1 million expansion of Elite Cleaners also will end an industrial tenant and create room for housing
McKnight Foundation was an investor in now-publicly held Proterra, which makes electric buses and charging stations.

St. Anthony: McKnight Foundation will stop investing in fossil fuels

The big private foundation joins a growing chorus of big companies and investors looking closely at companies' environmental stewardship.
Louis King, CEO of Summit Academy, standing at left, with Andy Bingenheimer, U.S. Bancorp’s senior vice president of IT. They are with two Summit Ac

Minnesota employers hire IT apprentices to boost minority ranks of skilled workforce

An apprentice program splits training at employers and Summit Academy to expand the pool of prospective tech workers.
Azra Jones

Summit Academy's IT apprentices bring diverse experiences to local employers

Job training institutions saw more mid-career people seeking help as the pandemic unfolded.
Tim Brandon relaxes after several hours on Lake Nokomis.

St. Anthony: Lake Nokomis 'harbormaster' enjoys teaching others to sail

Tim Brandon, a veteran sailor, also has started driving school bus to buy another boat and supplement his retirement income.
James Dada, chief operating officer and chief financial officer of Park Supply of Minneapolis.

St. Anthony: How a small business is fighting off foreclosure from its bank

Park Supply, a Minneapolis wholesaler of plumbing parts, is in a bind with its longtime lender, Sunrise Bank, after the collapse of a customer left it with $1 million in unsold goods.
Jerry Goodwald, center, and sons C.J. Goodwald, left, and Matt Goodwald run GEM-Ash of Rosemount.

Incinerator-ash miner Gem-Ash goes for more gold at Rosemount landfill

The company built a third processing line to remove metals from the ash of incinerated trash.
Martin Fleischhacker, financial fraud ombudsman at the Minnesota Department of Commerce

St. Anthony: Case shows the difficulties of recovering from financial fraud

The Perham couple is trying to collect $500,000-plus from a former financial adviser and shuttered brokerage.
Martin Pochtaruk, founder of Heliene Inc., at the Mountain Iron, Minn., plant in 2019.

St. Anthony: Canadian solar manufacturer expands on Minnesota Iron Range

Heliene has broken ground on a $21 million expansion, including government loans and grants, of its two-year-old Mountain Iron plant that will increase employment by 60.
Angela Dawson, co-founder and CEO of 40 Acre Cooperative, and Wenceslaus “Wen” Muenyi of HercLeon America, were finalists in the fourth Meda Milli

Minnesota businesses among winners in latest Meda Million Dollar Challenge

The top prize of $350,000 went to a Virginia-based maker of desserts and sweets.
Cora Leibig, a veteran scientist and industrialist, is CEO of Chromatic 3D Materials.

Golden Valley-based Chromatic 3D Materials closes in on a $5 million capital infusion

The company, a maker of industrial molds from 3-D printers, is a supplier to makers of medical devices and other industrial components.
Architect Dewey Thorbeck’s rendering of the planned Norwegian-American innovation-and-meeting center (left) next to Norway House

Norwegian-American center in Mpls. breaks ground on multimillion-dollar addition

The project at Norway House will include a 270-seat event center and business accelerator for Nordic companies seeking to expand.
General Mills executive and Twin Cities Rise Chairman Donzel Leggett, right, was pictured at the Mills’ Golden Valley headquarters with TCR CEO Tom

Black General Mills executive, grateful for his success, helps others make goals

Donzel Leggett is chairman of Twin Cities Rise.
Joe Hernandez, general manager of the LKQ Corp. auto-parts distribution regional center in Fridley, with truck driver Davis Powell, who has worked his

Twin Cities Rise offers second chances for the unemployed and underemployed

Nearly 300, disproportionately low-income people of color achieved internships and jobs annually that often triple pre-training wages.
Eric Crone, a high-rise window washer, cleaned windows at Minneapolis-St. Paul International Airport last week. Building owners and the 40-member wind

St. Anthony: Twin Cities window washers hail new contract with higher wages, apprenticeships

The 40-member unit of SEIU Local 26 reached a favorable settlement after a 10-day strike.
Aggressive Hydraulics CEO Paul Johnson, left, with Roger Hamilton of BankCherokee at Aggressive Hydraulics in East Bethel.

St. Anthony: East Bethel's Aggressive Hydraulics is expanding again

The maker of truck parts in Anoka County has quadrupled revenue since 2013, when it last expanded.
Architect’s rendering of the Juxtaposition Arts complex planned for N. Emerson Avenue and W. Broadway Avenue in Minneapolis.

St. Anthony: New Juxtaposition Arts complex will enhance economic, cultural development in Mpls.

Juxtaposition breaks ground in September, joining the recently expanded Capri Theater on W. Broadway Avenue.
Larry Lejeune

Larry LeJeune, businessman and philanthropist, dies at 85

LeJeune Steel fabricated steel for the Minneapolis Convention Center, downtown skyways and other buildings.
Aleesha Webb, president of Anoka County-based Village Bank

PPP work helped Minnesota's community banks gain ground on bigger ones

Some of the hard work small banks did to help businesses get government aid last year is paying of in new business this year.
Michael Allen, president and co-founder of All Energy Solar

Minnesota clean energy proponents see 100,000 workers in a few years

Employment in the state's renewable energy and conservation industry fell 5% last year, but executives see a fast rebound.
Mercedes Austin, owner of Mercury Mosaics in Minneapolis, gave a tour of the handmade tile studio to Isabella Casillas Guzman, administrator of the Sm

SBA chief visits a Mpls. business kept afloat by PPP loan during pandemic

As the core federal economic rescue winds down, it helped more than 125,000 Minnesota businesses get through the downturn caused by the coronavirus outbreak.
CEO Jason Michels; founder John Daniels and employee-owner driver Jeff Bolstad of Long Haul Trucking.

St. Anthony: Eight years after employees took ownership, Long Haul Trucking is in high gear

Employee-owned Long Haul trucking outperforms with good payouts, a say and equity payout at retirement
Josh Klauck, founder of Angry Catfish, at the new location of the bike store and coffee shop that is nearing completion in south Minneapolis.

St. Anthony: Angry Catfish bike cafe wraps up expansion in S. Minneapolis

A delay in city permits and constraints on construction created unexpected headaches for owner Josh Klauck.
A Bennington pontoon outside a Your Boat Club boathouse on Minnesota’s Gull Lake.

Minnesota's Your Boat Club sells 40% stake to French boat manufacturer

The deal provides millions of dollars for the boat rental firm to expand beyond the Midwest.
Chief Technology Officer Abdennour Abbas, a University of Minnesota materials scientist, and CEO  Michelle Bellanca, a former 3M executive, lead four-

University of Minnesota spinoff developing protective apparel raises $5.3M in first VC raise

St. Paul-based Claros Technologies should produce meaningful revenue by early 2022, ahead of the planned rollout, CEO says
CEO Michael Howe (left) of the Good Clinic, and CEO Larry Diamond of parent company Mitesco.

Former MinuteClinic principals open walk-in clinic in Minneapolis, plan 3 more this year

The Good Clinic, a subsidiary of Mitesco in Minnetonka, plans to open 50 primary-care clinics nationally over three years.
Gary Kirt, former owner of Bell Mortgage, is shown with a house he purchased for $6,500 when he was 17.

Bell Mortgage's retired owner remembers his roots, steps up focus on homelessness and needy kids

Gary Kirt, son of the working class, bought his first house for $6,500 when he was in high school.
Drake’s Organic Spirits founders Mark and Kristen Anderson at their farm in Maple Plain.

Drake's Organic Spirits mix includes venture capital

A North Dakota farm boy traded commodities and oil pipes before jumping into the organic foods movement.
Jay Johnson, president of Revol Greens, the Owatonna company that raised $200 million from venture capitalists in the second half of last year.

Minnesota firms pull in $500 million of venture capital in first half of year

But it will be tough to beat the 2020 total because Minnesota companies raised so much capital in the second half of last year.
Butler Square, a 115-year-old warehouse, was the first in downtown Minneapolis to get turned into an office complex. During the pandemic year, its own

Downtown's historic Butler Square completes a yearlong update

The century-old warehouse was first restored in 1974, beginning the overhaul of the city's old factories and warehouses into offices.
Pasquale Presa, an Italian immigrant by way of New York, left a career as a corporate chef to open a pizzeria in Rochester that has grown to 35 employ

Pasquale Presa, the immigrant pizza king of Rochester, proves pandemic-proof

Presa quit a $120,000 corporate chef job to launch a pizzeria that now has a growing frozen line.
Griffin Dooling of Blue Horizon Energy, left, assisted Chris Wyffels of Superior 3rd Party Logistics with solar energy for his company’s building in

St. Anthony: Solar power is glowing in Minnesota

Solar is still a small part of the state's renewable energy mix, but it is growing quickly.
Deepinder Singh is founder and chief executive of 75F, which just attracted its first sizable capital from a strategic investor.

Bloomington software firm 75F closes venture capital round, attracts Siemens as investor

Siemens is the first strategic investor in the Bloomington-based maker of software for controlling building temperatures.
Tonya Jenkins, a working mom, veteran day care worker and manager, plans to open her own center this fall in Sabathani Community Center in south Minne

Wells Fargo makes $12 million in grants to Twin Cities community lenders

The funding is part of an initial payout of $420 million in grants to community finance providers by the nation's third-largest bank.
Erik Saltvold, who launched Erik’s Bikes from his parents’ Richfield garage in 1977, sits on the roof of his company’s new, solar-powered headqu

Erik's Bikes pedals for records from expanded, solar-powered HQ

Like many bike retailers, 2020 was a spectacular year for Erik's Bikes, which has grown to 32 stores in seven states.
The late Nancy Allin Nelson (No. 1081) and her husband, Russ Nelson, (1082) and family and friends at the Minnesota Pancreatic Cancer Network walk in

How Russ Nelson, shaper of downtown skylines, found purpose after wife's death

Nancy Nelson spent her life devoted to social service, and her husband says he still follows her lead.
Project Manager Taylor Smrikárova, left, and Executive Director Chris Romano of Redesign, which has acquired the riot-damaged Coliseum building on 27

St. Anthony: Rebuilding the 'downtown' of Longfellow is going to be a long haul

The Minnesota Legislature watered down a $150 million aid package that was initially designed to help businesses in the riot-damaged sections of Minneapolis and St. Paul.
A 4-year-old girl and her family explored the Mona Moede Early Learning Center in Minneapolis in December 2018.

St. Anthony: Legislature fell short on help for Minnesota's most vulnerable preschool kids

But it did right for the providers of home health services, along with workers and the families who count on them.
BetterYou executives (left to right): Tommy Khoo, Sean Higgins, Bailey Faust and Edwin Melendez

St. Paul app maker BetterYou raises $2.25 million

It's the second infusion of capital for the firm, which created an app that encourages users to build healthy habits.
Founder Nina Axelson of Grid Catalyst

Midwest clean-energy business accelerator to launch in fall

The focus of Grid Catalyst will be on cold-climate technologies.
The Resolute is a $19 million commercial-residential project planned for 1300 W. Broadway Av. in Minneapolis.

Minneapolis-based Meda expanding along with its clients

The 50-year-old agency will quadruple its loan portfolio as it backs projects such as the Resolute on W. Broadway.
Michael Porter, with wife Tenesha Crenshaw-Porter, outside the Motel 6 on St. Paul’s East Side, has transcended a life of alcohol and drugs, includi

Twin Cities hotel 'manager of the year' transcends his troubled past

Michael Porter earns respect and national recognition from the hotel industry.
Randall Darden and Christy Sovereign of Accenture.

St. Anthony: Twin Cities businesses unite in drive to hire 1,000 apprentices, chiefly in tech

Two-thirds of the apprentices will be people of color who will complete at least a two-year degree while building a career.
Nick Alm, founder of Mossier

Mossier helps Minnesota companies take more steps for LGBTQ inclusion

Nick Alm, founder of the Twin Cities consulting firm, said they were inspired by another visionary Minnesota entrepreneur.
Kate Barr, chief executive of Propel.

Minnesota CDFIs get $38 million in federal pandemic relief funding

The government distributed more than $1 billion in recent days to community development organizations that provide capital to ventures that can't get financing in other channels.
Pat Regan, president of Minnesota Coaches and, for now, a part-time driver.

Amid shortage of drivers, owner of Minn. school bus company takes on routes himself

The shortage of school bus drivers began before the pandemic, but it got worse.
As consumers increasingly venture away from home, demand has begun to shift toward services, including restaurant meals. That, plus problems with supp

Minnesota consumers, businesses deal with fast-rising prices

Some believe the fast-rising prices are temporary. Others worry the situation could spiral into something longer lasting.
St. Anthony: How a doctor and friends built Minnesota's most valuable cannabis company

St. Anthony: How a doctor and friends built Minnesota's most valuable cannabis company

Goodness Growth Holdings, known as Vireo Health until last week, got started when a doctor observed that marijuana was better for treating pain than opioids.