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Business and Economic News

Minimum wage workers in Mpls. to see boost in pay in July

Minimum wage workers in Mpls. to see boost in pay in July

Workers making minimum wage in Minneapolis will get a boost to their paycheck beginning in July, as the third step in the city's move to increase pay kicks in. For some workers, though, it's still not enough.
by Simone Cazares

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Riverside development enters community advisory phase

Riverside development enters community advisory phase

City officials say they intend to have significant input from communities of color for Upper Harbor Terminal in north Minneapolis.
by Brandt Williams

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Science Museum hopes 'Stranger Things' gets gear sales roaring again

Science Museum hopes 'Stranger Things' gets gear sales roaring again

Science Museum of Minnesota clothing sales soared in 2017 after one of its vintage hoodies was featured on the Netflix show "Stranger Things." With the latest season set for release, the museum hopes for another bounce.
by Tim Nelson

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Twin Cities outperforms peer regions on some key benchmarks; lags in others

Twin Cities outperforms peer regions on some key benchmarks; lags in others

The Twin Cities is doing better than several other major metro areas on key measures such as crime and housing affordability. But it's at the bottom of the pack in business formation and racial inclusiveness.
by Martin Moylan

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What does the future of retail hold?

What does the future of retail hold?

Big box stores like Sears and Kmart are closing in Minnesota and around the country, while others like Target and Walmart are still holding steady. What does it take for a retailer to survive in the age of the internet?
by Jeyca Maldonado-Medina and Angela Davis

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New report says women will soon be majority of college-educated U.S. workers

New report says women will soon be majority of college-educated U.S. workers

This year women who graduated from college will likely make up a majority of adults with degrees in the U.S. labor force. The increase could signal greater earning potential for women in the future.
by Dani Matias

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1st-time homebuyers are getting squeezed out by investors

1st-time homebuyers are getting squeezed out by investors

The pool of smaller, affordable starter houses is low. And the market for these first-time home purchases is increasingly being driven by investors who help push prices out of reach.
by Amy Scott

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Ex-grain elevator manager sentenced to 8 years in prison for embezzlement

Ex-grain elevator manager sentenced to 8 years in prison for embezzlement

A federal judge on Friday sentenced a former grain elevator manager to eight years in prison for stealing millions of dollars from the business over the course of at least 15 years.
by Matt Sepic

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