Business and Economic News

Across Minnesota, many businesses closed Friday to protest ICE action
Minnesota labor unions, community activists and faith leaders are organizing the economic blackout, dubbed “ICE Out of Minnesota: Day of Truth and Freedom.”
MN state auditor Julie Blaha warns of costs of losing Fed independence
Minnesota state auditor Julie Blaha —joined by state treasurers from blue states Colorado, Washington, and Massachusetts—warned that if political interference on the Federal Reserve takes hold, the risk is inflation could rise quickly.
Struggling Lake Street businesses prepare for statewide economic blackout
The Lake Street Council’s director of operations outlined the challenges some businesses are facing ahead of what’s being called a “general strike” scheduled for Friday.
Latest DEED report finds ‘solid’ labor market amid ‘flat’ job growth in December for the state
The Minnesota Department of Employment and Economic Development says job growth in the state between November and December in the state was largely flat, and the unemployment ticked up slightly to 4.1 percent last month.
Trump administration scales back threats to cut off funding to Minnesota ag programs
Agriculture Secretary Brooke Rollins had previously announced that nearly $130 million in federal funds for Minnesota would be paused, citing alleged fraud in the state. Now, the USDA is allowing some of that funding to go through.
Europe warns of 'dangerous downward spiral' after Trump threatens tariffs over Greenland
The eight European countries targeted by U.S. President Donald Trump for a 10 percent tariff for opposing American control of Greenland blasted the move Sunday, warning that his threats “undermine transatlantic relations and risk a dangerous downward spiral.”
Federal judge blocks USDA from cutting off SNAP funding in Minnesota
A federal judge blocked the Trump administration’s effort to cut off food assistance funding to more than 440,000 Minnesotans who rely on SNAP benefits, granting state Attorney General Keith Ellison’s request for an injunction against the U.S. Department of Agriculture.
Walz unveils $907M infrastructure plan ahead of legislative session
Minnesota Gov. Tim Walz unveiled a $907 million infrastructure plan Thursday, setting his priorities for a bonding bill ahead of the legislative session that starts next month.
Minnesota business owners feeling the effects of ICE enforcement actions
Immigrant-owned businesses across the state are closing or reducing their hours because staff members, even those who are in the U.S. legally, are worried about being profiled and detained by federal ICE and CBP agents.