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Business and Economic News

Minneapolis mayor calls for unity, outlines broad plan for city budget

Minneapolis mayor calls for unity, outlines broad plan for city budget

In order to make up lost revenue, Mayor Jacob Frey said he’s proposing a 5.75 percent property tax levy. Frey said he wants to avoid staff cuts as much as possible. His staff is working on volunteer early retirement incentives to encourage more senior staff to step down.
by Marianne Combs

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Eagle attacks woman along North Shore, bystander comes to the rescue

Eagle attacks woman along North Shore, bystander comes to the rescue

Cascade Lodge and Restaurant head kitchen manager Bernie Banks happened to be outside when he saw the eagle attacking the woman.

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Foxconn's $100 million pledge to university largely unmet

The University of Wisconsin-Madison has received less than 1 percent of the money that Taiwan-based Foxconn Technology Group pledged to it two years ago amid the electronics giant's expansion plans in Wisconsin.
by The Associated Press

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St. Paul rebuilding efforts inch along after civil unrest

St. Paul rebuilding efforts inch along after civil unrest

St. Paul officials estimate 300 businesses were damaged during the civil unrest in late May. City officials say rebuilding in critical business corridors could take 10 years.
by Nina Moini

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Trump's methane rollback that Big Oil doesn't want

Trump's methane rollback that Big Oil doesn't want

The rule would end Obama-era restrictions on emissions of methane, a potent climate-warming gas. The move could make it harder to argue that natural gas is a cleaner-burning fossil fuel than coal.
by Jeff Brady

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U.S. jobless claims fall below 1 million but remain high

U.S. jobless claims fall below 1 million but remain high

The Labor Department said that applications fell to 963,000, the second straight drop, from 1.2 million the previous week. The decline suggests that layoffs are slowing, though last week's figure is still above the pre-pandemic record of just under 700,000. 
by The Associated Press

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In Minnesota, many Black women entrepreneurs missed out on PPP dollars

In Minnesota, many Black women entrepreneurs missed out on PPP dollars

COVID-19 is hitting Black female entrepreneurs in Minnesota just like everyone else, but many missed on the federal lifeline for small businesses because their operations and business relationships don’t sync with traditional banking.
by Kathryn Styer Martinez

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Payroll tax delay to boost take-home pay, but don't spend it yet

Payroll tax delay to boost take-home pay, but don't spend it yet

President Donald Trump has directed the Treasury Department to stop collecting payroll taxes this fall in an effort to boost workers' paychecks. But the move is temporary, and could spark headaches in 2021.
by Scott Horsley

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APM Marketplace special: Reimagining the Economy

APM Marketplace special: Reimagining the Economy

David Brancaccio and Kimberly Adams of Marketplace host this special report, “Reimagining the Economy,” exploring what a new reimagined economy might look like and how we might get there.
by MPR News Staff

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Opioid scandal haunts drug companies as they respond to pandemic

Opioid scandal haunts drug companies as they respond to pandemic

Thousands of lawsuits that ground to a halt because of COVID-19 are moving forward again as local, state and federal courts reopen around the U.S.
by Brian Mann

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