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Business and Economic News

WeWork files for bankruptcy in a stunning downfall from its $47 billion heyday

With its flexible office spaces, WeWork once was seen as a Silicon Valley darling led by an eccentric and charismatic founder. Financial troubled intervened, followed by the pandemic.
by Bobby Allyn

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The battle over land use: Farm crops versus solar farms

The battle over land use: Farm crops versus solar farms

The U.S. Department of Energy estimates the U.S. will need 10 million acres of solar panels by 2050 to meet the nation’s net zero-carbon goals. That means acreage currently used for farmland will become solar farms.
by Hannah Yang

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Mixing solar and farming could be key to clean energy future

Mixing solar and farming could be key to clean energy future

As Minnesota and the nation shift to cleaner energy, there’s a growing demand for land for new solar farms. At the same time there’s growing interest in what’s known as agrivoltaics.
by Kirsti Marohn

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Why affordable child care is so hard to find  

Why affordable child care is so hard to find  

Child care costs high, but wages for child care workers remain low. MPR News host Angela Davis talks about the child care squeeze and how new state programs could help parents and providers.
by Angela Davis and Maja Beckstrom

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Small biz owners are both hopeful and anxious about the holidays

Small biz owners are both hopeful and anxious about the holidays

After two years of a COVID-fueled sales boost, owners fear consumers have run through their pandemic savings and might cut back this holiday season or shop online again after getting out and supporting local businesses
by The Associated Press

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Fairview Health Services announces plans to cut 250 jobs

Minneapolis-based Fairview Health Services says it’s cutting 250 jobs across its hospitals and clinics. Fairview says the jobs will be cut before the end of the year.
by Peter Cox

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More medical gloves are coming from China, as U.S. makers of protective gear struggle

More medical gloves are coming from China, as U.S. makers of protective gear struggle

The federal government has invested hundreds of millions of dollars to boost American production of medical gloves, but some companies say it's not enough when imported gloves have gotten cheaper.
by Nell Greenfieldboyce

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Utilities ask Minnesota regulators to approve gas, electric rate hikes

Utilities ask Minnesota regulators to approve gas, electric rate hikes

Duluth-based Minnesota Power is asking state regulators to approve a 12 percent increase in the electric rates it charges customers. Meanwhile, CenterPoint Energy and Xcel Energy also filed requests for rate increases for their natural gas customers in Minnesota.
by Dan Kraker and Kirsti Marohn

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