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Business and Economic News

Minneapolis Fed President has ‘cautious optimism’ about economy, defends need for Fed independence

Minneapolis Fed President has ‘cautious optimism’ about economy, defends need for Fed independence

Neel Kashkari, head of the Federal Reserve Bank of Minneapolis, discussed the Upper Midwest economy, data centers and the central bank's independence during a wide-ranging interview with MPR and at a fireside chat with the Fargo Moorhead West Fargo Chamber of Commerce.
by Harshawn Ratanpal

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Controversy over data centers in Minnesota leads to calls for statewide moratorium, new regulations

Controversy over data centers in Minnesota leads to calls for statewide moratorium, new regulations

Opponents of the massive projects say the measures the Legislature passed last year aren’t enough to protect communities, residents and the environment from potential negative impacts. They’re calling for a two-year moratorium on new data centers and other restrictions.
by Kirsti Marohn

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Minneapolis City Council renews liquor licenses for two hotels allegedly housing ICE agents

Minneapolis City Council renews liquor licenses for two hotels allegedly housing ICE agents

The Minneapolis City Council approved liquor license renewals Thursday for two hotels that protesters have targeted for allegedly housing federal agents. Some council members pushed to deny the licenses, pointing to public comment from staff at the hotels who said they felt unsafe.
by Estelle Timar-Wilcox

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Holdingford fire highlights the importance of small-town grain mills as community hubs

Holdingford fire highlights the importance of small-town grain mills as community hubs

The Holdingford Mill, which stood for over a hundred years, burned down on Feb. 15, leaving only a warehouse behind. While the business is not shutting down for good, it will never operate at the same scale it used to.
by Noah Bloch

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Eagan places 1-year pause on new data center developments

Eagan places 1-year pause on new data center developments

The Eagan City Council voted on Tuesday to pause new data center developments for one year to study the impacts of data centers. The moratorium may be the first-of-its-kind in Minnesota. 
by Chandra Colvin

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Federal hemp ban leaves Minnesota THC sellers in limbo

Federal hemp ban leaves Minnesota THC sellers in limbo

Minnesota already regulates hemp edibles, but it's unclear what Congress’ new cannabis rules mean for the state. That’s creating uncertainty for businesses that sell other hemp-derived beverages and other products.
by Harshawn Ratanpal

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