Pearson's new chocolate, Minnesota solar gardens and Minnesota business ethics awards
Pearson's launches 7th Street Confections
Pearson Candy Co. plans to tap an emerging consumer market with its first new product since the Great Depression.
The St. Paul-based candy maker on Tuesday unveiled its new line of snacking chocolate, called 7th Street Confections, named after the hometown street where it's located. Fans have anticipated the launch since word of a new product line leaked out last November.
Pearson's is best known for venerable Salted Nut Roll and Nut Goodies. The 108-year-old company also makes Mint Patties and Bit-O-Honey.
The 7th Street products include four flavors of dark chocolate thins: raspberry and quinoa, strawberry, blueberry and almond, and pineapple and toasted coconut. The wafer-like crisps contain 52 percent cacao and are textured with freeze-dried fruit, gluten-free quinoa — known for its high protein and fiber content — and nuts. They seek to appeal to health-conscious consumers with nongenetically modified ingredients and no artificial colors or flavors.
Pearson's points to the fast-growing snacking-chocolate segment as a key driver for this new product. Premium chocolate, a loosely defined category that often includes "better for you" traits, grew at about 5 percent in 2016. While its growth is far outpacing everyday chocolate, premium chocolate still represents a much smaller percentage of the market than mainstays produced by Hershey's or Mars.
The dark chocolate thins come in 4.7-ounce, resealable pouches at a suggested retail price of $4.49.
"As consumers' snacking preferences continue to evolve, we needed to be in a position to continually provide innovative confections items and unique flavors," said Pearson CEO Michael Keller. Expect more at the holidays such as dark chocolate with pretzel and peppermint and white chocolate with raspberry and dark chocolate chips.
Pearson's moved from Minneapolis to St. Paul in 1950. Private-equity owners acquired the company in 2011, bringing in new leadership and new ideas. Pearson's introduced fun-size versions of its products and acquired Bit-O-Honey in 2013 from giant Nestlé.
Kristen Painter
Minnesota Solar
NRG turns on its first seven sites
NRG has completed seven community solar projects in Minnesota that will serve more than 1,000 residential, commercial and government clients.
The projects together will produce 32 megawatts of power and are part of Minnesota's Community Solar Garden program, which was created by the state legislature and is administered by Xcel Energy. (A megawatt is 1 million watts.)
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NRG, which has its main offices in Texas and New Jersey, is a large energy company that produces wholesale electricity from traditional power plants but has increasingly gotten into solar energy in recent years.
The company's seven Minnesota community solar projects are located in Washington, Dakota, Goodhue, Olmstead, Dodge, Rice and Wabasha counties. The projects' largest commercial customers include U.S. Bank, Land O'Lakes, Ecolab, Red Wing Shoe Co. and Macy's.
NRG has several more solar gardens in Minnesota that are under various stages of construction and development.
Minnesota's Community Solar Garden program, while slow to roll out, is expected to be one of the largest projects of its kind nationally.
Customers subscribe to a community solar farm like those of NRG through a long-term contract. The power flows to the grid, and customers receive a bill credit from Xcel for their subscribed share. The Minnesota program is expected to be one of the largest in the nation.
Mike Hughlett
Business Ethics
Joyce Brenny's trucking firm wins award
Brenny Transportation of St. Cloud, a 100-employee trucking firm founded by Joyce Brenny in 1996 after she hit the glass ceiling at another trucking firm, was named the small-company winner of the 2017 Minnesota Business Ethics Award (MBEA).
"In a tough industry, Brenny stands out for its commitment to employees, regarding them as members of a family not only employees," said David Rodbourne, vice president of the Center for Ethical Business Cultures at the University of St. Thomas and co-chair of the MBEA. "Core values permeate a range of practices from initial interviewing and hiring, to their approach to discipline and second chances, to engaging employees in peer-to-peer reviews … [paying] drivers for time waiting during a job that might not have been compensated in other organizations."
Reell Precision Manufacturing of suburban St. Paul was the winner in the midsize-company category of up to 500 employees. Employees own 72 percent of the company through an employee stock ownership plan. Reell, which also won the award in 2002, was recognized for treating customers and workers fairly, as well as committing 10 percent of pretax profit to community needs.
Big-firm winner U.S. Bank was cited for living its code of ethics, including incentive-award reviews that reward ethical behavior as well as sales.
Neal St. Anthony