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Business and Economic News

Scores of private charitable foundations got Paycheck Protection Program money

Scores of private charitable foundations got Paycheck Protection Program money

Scores of private charitable foundations linked to some of the nation's wealthiest people received money from the federal Paycheck Protection Program. Critics say they didn't need a taxpayer subsidy.
by Sacha Pfeiffer

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Walz extends curbs on bars, eateries; grade schools OK'd to reopen

Walz extends curbs on bars, eateries; grade schools OK'd to reopen

“It would be so much easier if none of this was happening … if the neighbors weren't dying. But that's not reality,” Gov. Tim Walz told reporters after announcing restrictions on indoor bar and restaurant service would continue through Jan. 10.
by Brian Bakst and MPR News Staff

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'I'm walking on thin ice here': Hospitality industry workers struggle

'I'm walking on thin ice here': Hospitality industry workers struggle

Gov. Tim Walz says he’ll announce Wednesday what's next for the bars and restaurants he shut down a month ago as a pandemic precaution. Out-of-work Minnesotans on the verge of exhausting their unemployment benefits are getting some relief. But is it enough to help the tens of thousands of hospitality workers in Minnesota who are without jobs? 
by Mark Zdechlik

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Line 3 construction barrels ahead, despite efforts to block it

Line 3 construction barrels ahead, despite efforts to block it

More than 4,000 workers are expected in northern Minnesota over the next couple weeks to help build the contentious Line 3 oil pipeline replacement. At the same time, activists are escalating their efforts to block it, while law enforcement officials are trying to keep the peace.
by Dan Kraker

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Federal Reserve banks focus on solutions to racism's impact on our economy

Federal Reserve banks focus on solutions to racism's impact on our economy

The Federal Reserve Banks of Minneapolis, Atlanta and Boston convened an event in November as part of a series on “Racism and the Economy.” This session focused on employment issues.
by MPR News Staff

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Legislature passes COVID aid bill for businesses, workers

Legislature passes COVID aid bill for businesses, workers

Minnesota lawmakers passed a plan that includes $216 million for businesses struggling with COVID-19 restrictions and extends unemployment benefits by 13 weeks.
by Tim Pugmire

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Minnesota Senate passes virus aid for businesses, workers

Minnesota Senate passes virus aid for businesses, workers

The Senate voted 62-4 to approve the bill and send it to the House, which was expected to pass it later Monday night and send it to the governor for his signature. 
by The Associated Press

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Ohio-based Huntington Bank announces $22 billion merger with TCF Bank

Ohio-based Huntington Bank announces $22 billion merger with TCF Bank

A major merger between an Ohio-based bank and TCF National Bank has just been announced, but what this will mean for the University of Minnesota’s TCF Bank Stadium name is up in the air. 
by Hannah Yang

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