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Economy

Economy

Record visitors came to Minnesota in 2023, but tourism industry far from recovered

The U.S. Bank Stadium's Taylor Swift Eras Tour advertisements shine above the long merchandise line in Minneapolis, Minn., on Thursday, June 22, 2023. ] Angelina Katsanis • angelina.katsanis@startribune.com

Tourist spending amounted to a record $14.1 billion in 2023. The state’s tourism agency said spending has surpassed pre-pandemic levels, but it falls short when adjusted for inflation.

Politics

Why Minnesota is projected to face a future budget deficit, and what lawmakers might do about it

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Business

Bloomington’s SkyWater Technology nets $16M in federal funds to increase semiconductor production

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GLEN STUBBE � gstubbe@startribune.com -- Tuesaday, July 13, 2010 -- St. Cloud, Minn. -- ] Arctic Cat's St. Cloud plant. The company recently announced plans to produce snowmobile engines there making them more vertically-integrated. ORG XMIT: MIN2012091320223569 ORG XMIT: MIN1304051542286038

MN Fortune 500

Arctic Cat owner stopping all production, could sell the Minnesota snowmobile and ATV maker

Twin Cities

MnDOT: Scrap parkway plan, keep I-94 a freeway between St. Paul and Minneapolis

Andersen Windows will break ground Thursday on a new factory addition in Bayport. Seen here is its existing Bayport facilities (DAVID JOLES/Star Tribune file photo)

Business

Minn. window makers Andersen, Marvin continue holiday bonus tradition

Carol Seim waited in the parlor for the arrival of another group going on the Victorian Christmas tour at the Ramsey House in St. Paul, Saturday, November 23, 2013. ] (KYNDELL HARKNESS/STAR TRIBUNE) kyndell.harkness@startribune.com

St. Paul

Minnesota Historical Society cancels Ramsey House tours on Dec. 26 after facing criticism

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Ramstad: Budget, political constraints signal big fight ahead in Minnesota

Who’s got the power? It’s one thing to have it when there’s lots of money around and a much different thing when money is constrained.
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The yellow trucks are now retired, but Schwan’s Home Delivery is part of many a Minnesotan’s childhood memories

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Minnesota business leaders say Trump’s proposed tariffs would result in higher prices for consumers

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Minnesotans are watching budgets for holiday feasts, but the parties will go on

Retailers like Target and Walmart are cutting prices to the bone and offering package deals as more gatherings are expected this year.
November 25, 2024
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Ramstad: Investors focused on AI and flashy tech may overlook important innovation

Two of Minnesota’s oldest industrial companies — Graco and Tennant — show innovation is everywhere.
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Assess your financial risk before new policies affect the economy

The Trump administration comes into power with many policy goals, including economic initiatives like enacting significant tax cuts; imposing broad-based and significant tariffs; sweeping raids, mass deportations and tighter immigration controls; and slashing federal government regulations.
November 23, 2024
FILE -- President Donald Trump signs the tax reform bill in the Oval Office of the White House in Washington, Dec. 22, 2017. Republicans are pouring government stimulus into a steadily strengthening economy, adding economic fuel at a moment when unemployment is low and wages are beginning to rise, a combination that is stoking fears of higher inflation and ballooning budget deficits. (Doug Mills/The New York Times)
MN Fortune 500

Trump’s tariff pledges have companies questioning inventory, supply chains

Companies are weighing the pros and cons of increasing inventory from overseas sources as President-elect Trump pledges more tariffs, second U.S. port strike looms.
November 22, 2024
FILE- In this Nov. 16, 2018, file photo Target employee Lindsay Walker scans an item as she collects merchandise from shelves to prep them for an online order at a Target store in Edison, N.J. Target is raising the minimum hourly wage for its workers for the third time in less than two years. The discounter said Thursday, April 4, 2019, that it plans to raise the hourly starting wage to $13 from $12 in June. (AP Photo/Julio Cortez, File)
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Ramstad: Trump’s plans may slow an already sluggish Minnesota economy

His vow to deport illegal immigrants will hurt a workforce that is smaller than it was when he was last president. And his tariffs could hurt farmers, retailers and consumers.
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Rochester

Rochester outpaces rest of state in job growth — by a lot

Latest numbers from DEED show the Rochester region added 7,000 new jobs in the past year, largely driven by hiring in education and health services.
October 25, 2024
Economy

Ramstad: Inflation jitters jump again as bond investors focus on rising U.S. deficit

Bond market signals that government needs to tap the brakes on spending and tax-cutting.
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The U.S. Treasury Department building in Washington.
Economy

The Twins cost how much? Why sports team valuations have exploded

The value of the Twins has grown exponentially in 40 years. The price of the Wolves nearly doubled in three years. The increases have put club ownership out of reach for even ‘minor billionaires.’
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Economy

Minnesota hoping to reverse manufacturing job losses after a September slide

While the state posted overall job growth for the third consecutive month, the Department of Employment and Economic Development plans to host in-person and virtual factory tours to spark interest in the industry during October’s Manufacturing Month.
October 17, 2024
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