Business and Economic News

Retiring Summit Brewing CEO reflects on Minnesota's changing beer scene
The founder of Summit Brewing is retiring. Mark Stutrud founded Summit on University Avenue in St. Paul back in 1986 and while the extra pale ale they started is still on the menu, almost everything else about Summit and crafting beer in Minnesota has changed.
Fire burns former Lake Street Kmart building in Minneapolis
Fire crews responded to the call at about 5 a.m. and found flames and thick smoke coming from the vacant Kmart department store at Lake and Nicollet, just west of Interstate 35W. The building was scheduled for demolition next March.
Minnesota unemployment rate unchanged at 3.1 percent in September
Minnesota employers added 8,000 jobs in September while the state’s unemployment rate was unchanged, according to data released Thursday by the Department of Employment and Economic Development.
Netflix raises prices for its premium plan
Netflix said it's raising the price for its most expensive streaming service by $2 to $23 per month in the U.S., and its lowest-priced, ad-free streaming plan to $12 — another $2 bump.
Feds announce major investments in Minnesota's electric grid
The U.S. Department of Energy has awarded $150 million in grants to Xcel Energy and Minnesota Power to fund microgrids in Minneapolis and upgrade a major transmission line that carries wind energy from North Dakota.