Varad Raigaonkar, Author at Twin Cities Business

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Varad Raigaonkar

TCB reporter Varad Raigaonkar has previously reported for the Butler Eagle, Reason Magazine, Ohio Magazine, and Ohio State Alumni Magazine.

Author’s archive

General Mills

General Mills Sees a 7% Drop in Net Sales for Q2

On Wednesday, General Mills posted its 2026 second quarter fiscal report, detailing an overall decline in earnings and sales. Net sales decreased 7% year-over-year, to $4.9 billion, and operating profit saw a 32% decrease, to $728 million. Organic net sales experienced a 1% decrease; net earnings attributable to General

Arts + Entertainment

At the Movies: What the Heights Does Right

In early December, the Chicago-based Music Box Theatre announced its acquisition of the Heights Theater. It’s the Music Box ownership’s first time venturing out of its home city. It’s also

Sports

New Owner Aims to ‘Elevate’ U.S. Pond Hockey Championships

A New England-based, multi-state organizer of outdoor pond hockey has acquired Minneapolis’ beloved U.S. Pond Hockey Championships (USPHC). That means next year’s USPHC, hosted Jan. 23-25 on Lake Nokomis, will be the first under ownership of Pond Hockey Classic (PHC). A PHC news release describes the acquisition as uniting

Hospitality

More Fore: The Rise of Indoor Golf Entertainment in Minneapolis

It was a long journey, but after looking at about 80 swaths of real estate nearly a decade ago, the team behind Five Iron Golf was finally able to persuade

Real Estate

Twin Cities Homebuilding Sees November Decline

The number of residential constructions in the Twin Cities metro declined in November, with “dips across all areas of the market,” per Housing First Minnesota, referring to data collected by

Health Care + Med Tech

FDA Clearance Marks Turning Point for Francis Medical

Francis Medical, a Maple Grove-based medical device company, announced Tuesday that the U.S. Food and Drug Administration has authorized clearance of Vanquish, the company’s prostate cancer treatment technology that has been in development since Francis Medical was founded in 2018. This means the

Economy

Minnesota Economy at a Crossroads, Says Chamber of Commerce

The Minnesota Chamber of Commerce has concluded the state is lagging behind the rest of the country economically, and public and private leaders should join forces to accelerate growth. On

Retail

Online Holiday Guide Spotlights 140 Small Minnesota Businesses

Meet the Minnesota Makers on Monday unveiled its 2025 “Shop Minnesota” Holiday Gift Guide, which can be accessed for free on the organization’s website. The guide features gift options from 140 shopping venues across Minnesota. The guide is aimed at Small Business

Health Care + Med Tech

Medtronic Reports Strong Second Quarter

Medtronic disclosed its second quarter results for the fiscal year 2026, reporting on Tuesday an increase in revenue and sales. The company announced $9 billion in revenue, with a 5.5%

Economy

Met Council Grant Programs to Connect Housing to Jobs

The Metropolitan Council announced this week that $15.75 million worth of funds have been granted to 15 projects of 10 recipients—Apple Valley, Bloomington, Brooklyn Center, Columbia Heights, Falcon Heights, Hopkins,

Funding

Elevate Hennepin Aims to Lift Up Disadvantaged Small Businesses

Hennepin County Housing and Economic Development launched two business loan funds in February, responding to reports that disadvantaged businesses have been going through a difficult time getting loans approved. The

Sports

The Golf Version of Bowling

LaunchPad Golf, a Canada-based brand of indoor golf entertainment venues, made its entry into the U.S. market with an Oct. 4 opening at Prior Lake, bringing a new spot for

Health Care + Med Tech

New Boston Scientific Facility Opens in Maple Grove

Boston Scientific continues to build on its significant Minnesota footprint. The Massachusetts-based medical device giant on Monday opened an Arbor Lakes facility in Maple Grove. The new 400,000-square-foot campus adds

Education

Minnesota State Enrollment Continues to Rise

Minnesota State, the state’s system of 33 higher-learning institutions, announced Monday that enrollment at its public colleges and universities has increased for a third year in a row, with this

Arts + Entertainment

Comic Convention Scene in the Twin Cities Levels Up

It was in 2021, during the Covid-19 pandemic, that the first Twin Cities Con kicked off, drawing in 2,500 attendees. This year’s run is projected to bring in around 40,000,

Entrepreneurship

Startup Snapshot: Food for Health

Food as medicine—the idea that prioritizing nutrition can improve health and help prevent disease—has been around for a while, but it was Minneapolis-based Food for Health that digitized it and

Entrepreneurship

Division Winners for 2025 MN Cup Declared

On Tuesday, organizers of the annual MN Cup competition announced this year’s nine division winners, who are set to present to a review board on Oct. 6 for a shot

Funding

Promise Act Opens Round Two of Grant Applications

On Sept. 24, the Neighborhood Development Center (NDC) announced the second round of the Promise Act grant is open to applicants through Dec. 14. This marks the continuation of a

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