Business and Economic News

Hastings to receive 3M settlement money to treat 'forever chemicals'
The Minnesota Pollution Control Agency announced it's linked PFAS contamination in one of Hastings’ wells to 3M's Cottage Grove facility. City officials say the money will help, but won’t cover the full $70 million to build three new treatment plants.
Beyond books: How a public library in Ohio’s Rust Belt is spurring economic growth
The public library in Toledo, Ohio, is one of a number across the U.S. that have become entrepreneurial hubs. Business-specialist librarians are helping aspiring small-business owners and nonprofits for free.
Minnesota-based magnetics company scales up greener options
Minnesota-based Niron Magnetics who makes magnets without rare-earth elements has opened a commercial pilot plant in Minneapolis.  
Longtime resort owner Bruce Kerfoot dies, ‘legend‘ of the Gunflint Trail
In a post on social media, Kerfoot’s family said he died in his sleep Wednesday night. “The family has some peace knowing he and Justine are paddling together to their shore lunch spot,” they wrote.
U.S. inflation reaches lowest point since February 2021, though some price pressures remain
Inflation in the United States dropped last month to its lowest point since it first began surging more than three years ago, adding to a spate of encouraging economic news in the closing weeks of the presidential race.
Tesla is expected to unveil a robotaxi tonight: 5 things to know
On Thursday night, Tesla is holding a splashy event it’s calling “We, Robot.” CEO Elon Musk says fully autonomous vehicles are key to Tesla’s future, and for years he has promised they are coming.
Advocacy group hails housing developers‘ commitments to worker protections
Two affordable housing developers announced Wednesday that they will sign on to a program designed to protect workers in the Twin Cities non-union construction industry from exploitation.
The disconnect between economic data and voters' concerns
Are you worried about money? Concerned about the economy? MPR News host Angela Davis and her guests talk about the financial issues affecting how people plan to vote.