How has the pandemic been for the fortunes of Minnesota’s biggest companies? It depends on who you ask. Only 7 of Minnesota’s 16 Fortune 500 companies posted sales gains of
Author’s archive
Minneapolis-based Gravie Inc. just closed on a $28 million Series D financing round, the largest in the firm’s history. The financing round was led by AXA Venture Partners, the venture
The low inventory of homes available for sale in the Twin Cities is starting to cut into home sales across the 16-county metro area. Recent sales growth trends have been
Minnesota lost 238,056 jobs in 2020. By the end of the year, the state had regained only 36 percent of jobs lost when the pandemic first hit. The leisure and
Minneapolis-based Fortune 500 retailer Target Corp. is ending its operations at the City Center complex in downtown Minneapolis. Boom. The unexpected news is arguably comparable to a bomb going off
The pandemic was fatal for many community newspapers. After three decades in business, the Southwest Journal folded at the end of 2020, pummeled by the loss of advertising dollars as
Plymouth-based retailer Christopher & Banks Corp. is bankrupt, and its stores are closed, but the brand will live on under the wing of another local company: Eden Prairie-based iMedia Brands
The home-building boom continues unabated. Housing First Minnesota reported that metro builders pulled 536 permits for new single-family homes last month, an increase of 32 percent compared to February of
The Center City-based Hazelden Betty Ford Foundation has promoted Dr. Joseph Lee to president and CEO for the organization, which is the largest nonprofit provider of addiction and mental health
Minneapolis-based Target Corp. on Thursday unveiled plans for new Apple micro stores in a select number of locations. For starters, the “enhanced Apple shopping experience” is being rolled out soon
A special purpose acquisition corporation (SPAC) led by former Medtronic CEO Omar Ishrak raised gross proceeds of $862.5 million through its initial public offering (IPO) completed earlier this month. Compute
While some degrees of uncertainty remain in 2021, there are several solid signs of stability that affect the economy. The presidential election is over, vaccines for Covid-19 are being distributed
Federal Paycheck Protection Program (PPP) loans were a lifeline to many small businesses during the pandemic. The loans were set up to be forgivable, effectively becoming grants, if the business
Home sales are not just strong in the Twin Cities metro area. The Minnesota Realtors group says that sales are strong across the state. The statewide median sales price climbed
A new survey from the Minnesota Department of Employment and Economic Development and the Federal Reserve Bank of Minneapolis found that state manufacturers expect Covid-19 to continue to affect business
Wells Fargo & Co. has secured a wrecking permit from the city of Minneapolis to raze its heavily damaged branch location near the intersection of Lake Street and Nicollet Avenue
St. Paul-based Ecolab Inc. was not immune to the economic fallout of Covid-19. The company reported 2020 sales of $11.8 billion, a 6 percent drop compared to 2019. The company’s
The city of Minneapolis is working towards reopening the intersection of 38th Street and Chicago Avenue in south Minneapolis, the corner where George Floyd was killed in May 2020. The