The Mille Lacs Band of Ojibwe started Makwa Global in 2019 to expand its federal contracting arm, providing government agencies with IT and cybersecurity support, mission advisory, and construction services,…
The TCB 100 - 2026

The TCB 100 is the list of all lists, the essential guide to people in and around Minnesota business likely to make news and drive change in the year ahead.
Written by Madison Bloomquist, Peter Diamond, Liz Fedor, Shawn Gilliam, Justine Jones, Kelly Kegans, Sarah Lutman, Stephanie March, Steve Marsh, Madeline Nachbar, Jayne Haugen Olson, Adam Platt, Varad Raigaonkar, Gene Rebeck, and Erik Tormoen
In August, Minnesota granted Fulcrum Health $318,000 to deliver its pain treatments to underserved Twin Cities communities. The goal: Reduce opioid use. The Plymouth-based provider covers a variety of therapeutic…
Edina-based Parallax helps digital services firms as they plan and juggle projects, with software that forecasts months out to determine how much staffing they’ll need. Jeff Eckerle took the helm…
Jay Ettinger is a force in downtown Minneapolis; a friend of people who make things happen. He’s owned nightclubs, is an investor in Jester Concepts (see entry on Brent Frederick),…
The unassuming Derek Falvey is arguably the most powerful sports executive in town, adding business-side responsibilities to his long-standing baseball oversight. It’s a rarity, in this age of specialization, to…
When Scandinavian royalty comes to town, they call Brooke Faudree to cook dinner. A French-trained chef from the esteemed Institut Paul Bocuse, Faudree specializes in full-service, bespoke dining events that…
TV, President Obama, the internet and social media made Matt’s Bar a national sensation, “Jucy Lucy” into a household term. Longtime GM Amy Feriancek then made it her mission to…
Eli Fhima’s earliest memories were formed at his father David’s ’90s-era hot spot, Minneapolis Café. He remembers scarfing rigatoni with Vikings QB Daunte Culpepper: “I wanted to be a part…
Target’s story continues to evolve, from pandemic heights to a three-year tumble to an impending CEO transition. The Minneapolis-based retail giant has been ceding market share to competitors and hasn’t…
In April, Linda Findley became president and CEO of Sleep Number, which had been led by Shelly Ibach for 13 years. Findley has turnaround experience, and the board is counting…
For the three founders of Minneapolis Cider Co., pivoting has been a part of the business since the jump—it’s how they wound up with four pickleball courts and crêpes from…
With its cardiovascular business growing roughly 20% the past several years, medtech giant Boston Scientific has had to scale. Two-thirds of the Massachusetts-based company’s net sales come from that business…
This past year was a major pivot for Jester Concepts, which is quickly taking on the mantle of the region’s largest and most ambitious restaurant operator. Brent Frederick once put…
Hormel is known for SPAM and its Austin, Minnesota, headquarters. The Fortune 500 food company’s late-1800s origins tie it to the region’s farmers, but it has gradually moved its center…
George Goldfarb retired as CEO of the Duluth-based women’s clothing chain in 2021—then was recalled to the helm in 2024 to drive a turnaround. Maurices had gone through two other…
In 2023, just before Spotify declined to renew the critically acclaimed podcast Heavyweight, Jonathan Goldstein thought he was in a good place. “I realized I’m finally doing what I’m best…
Keeping Duluth cool is the top job for Haley Hedstrom, who became Visit Duluth’s executive director this past August. She says she’s come on board at a turning point for…
Caroline Heinlein thrives when she can stick with a much-needed building transformation “from cradle to grave,” as she says. At Eagle Ridge, she leads teams responsible for major renovations at…