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Business / Economy

Oct 14, 2015

Projected worker shortage intensifies focus on recruitment

Facing a projected shortfall of as many as 100,000 workers over the next five years, several dozen Twin Cities employers and other stakeholders have banded together to create an initiative aimed at maximizing the region’s talent recruitment and retention. Spearheaded by Greater MSP, the regional economic development group, the effort unveiled Tuesday is designed to make the Twin Cities appeal[...]

Oct 14, 2015

Target Center rehab delayed

More than four years after the Minnesota Timberwolves and the city of Minneapolis first revealed ambitious renovation plans for Target Center, the project – in its latest form -- finally appears to be nearing construction. Team officials said Tuesday that the $129 million project, designed to extend the 25-year-old basketball arena’s life and improve the visitor experience, will occur in th[...]

Oct 13, 2015

Court of Appeals invalidates fire sprinkler rule

Minnesota homebuilders are hailing the decision.

Oct 9, 2015

Construction, fundraising advance for Dorothy Day project

The Catholic Charities of St. Paul and Minneapolis is more than halfway toward its $40 million private fundraising goal for the $100 million Dorothy Day Center emergency housing and support services project in St. Paul, the organization said Thursday. During a ceremonial groundbreaking, the organization said that nearly $23.63 million has been raised for the “new vision for the Dorothy Day Ce[...]

Oct 7, 2015

More office demand expected from St. Paul’s residential renaissance

Real estate analysts think downtown St. Paul’s residential renaissance is contributing to a healthier office market.

Oct 6, 2015

St. Paul Port Authority head stepping down

St. Paul Port Authority President Louis Jambois will retire in February after seven years in the organization’s top slot.

Oct 1, 2015

Southeast Asia next frontier for Minnesota exporters

Minnesota exports to Southeast Asia have shot up in recent years and stand poised to grow as the region’s burgeoning middle class and bright outlook drive up the appetite for U.S. goods and stateside business partnerships. Export growth in the region is rooted mainly in the 10 countries east of India and south of China that make up the Association of Southeast Asian Nations (ASEAN). Over the [...]

Oct 1, 2015

Heavy manufacturers prop up Minnesota in September

Minnesota outpaced the rest of the Midwest in September with a strong showing from durable goods manufacturers that buoyed growth prospects.

Sep 25, 2015

Board: It’s time for results in Rochester build-out

The board overseeing a massive downtown Rochester build-out urged staffers to sharpen their focus on recruiting businesses and fostering partnerships, critical components of the multibillion-dollar project that haven’t materialized yet. Five months after the group approved a development framework for the Destination Medical Center project, some members at a Thursday meeting laid out their exp[...]

Sep 25, 2015

Tax bill is a key soccer stadium goal

When it comes to the tricky tale of the attempts that Minneapolis and St. Paul have made to land a Major League Soccer team, plenty of soccer metaphors present themselves. The shot, the save, the called foul, the pass and/or assist; take your pick. But the more accurate example might be the “dead-ball” circumstance of a free kick, with a player — or, in this case, an entire league — standi[...]

Sep 23, 2015

Greenway Heights makes room for families

It took more than a decade and the help of 11 major funders, but the affordable Greenway Heights Family Housing building designed for large families is up and running. The 42-unit building at 2845 Bloomington Ave. S. is in Minneapolis’ East Phillips neighborhood, an ethnically diverse area with immigrants from Nepal, Somalia and Ethiopia, and significant Latino and Asian populations. The buil[...]

Sep 23, 2015

Minnesota workplace fatalities decline in 2014

Construction saw the third-most fatalities among workplaces in Minnesota in 2014, but fatal injuries at workplaces in Minnesota were down overall, according to new data from the Minnesota Department of Labor and Industry. Last year, 62 fatal work injuries were recorded in the state, down 10 percent from the 69 fatalities during 2013, and the lowest total since 2011 (60 cases), the department sa[...]

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