Business and Economic News

Rochester's big Bloom Development goes boom
The plan for a nearly $250-million retail, hotel and housing development on the Zumbro River in downtown Rochester is kaput. City officials abandoned the plan after the Abu Dhabi-based company behind the Bloom Development wanted to reduce the project's scale and missed a key city deadline.
Financial worries grow as Minnesota farmers prep for spring
February is typically when Minnesota farmers call on their bankers for loans to finance spring planting. With tough times in farm country, those conversations may be especially uncomfortable this year.
ChangeMakers: Me'Lea Connelly, creating black financial freedom
While Me'Lea Connelly grew up California, she identifies as a "proud Minneapolitan, first and foremost" and has deep family ties to the state. She now leads Village Financial Cooperative, black-led credit union opening in north Minneapolis this year.
'Valve turners' target oil pipeline equipment in Itasca County
Itasca County sheriff's deputies apparently took four activists into custody Monday afternoon after they used bolt cutters to break into an Enbridge pipeline facility.
MnDOT says new snow fencing is paying dividends this winter
During the first storms of the season, from December into early January, the Minnesota Department of Transportation said there was a noticeable decrease in crashes in areas where the new fencing is located.
Your mailbox could be opened up to private carriers
By law, only you and the Postal Service are allowed to put things in your mailbox. But what if companies like FedEx and UPS could do it, too? That could happen under a Trump administration proposal.
The shutdown is over. Now the federal workforce faces 'untold morale problems'
"The federal government already has a recruitment problem, right?" said one expert. If "you watch this play out for the last 35 days, are you saying to yourself, 'Sign me up for that?' Probably not."
Preparing to return to work, after a life derailed by drugs
"Drugs have taken their toll, but I can get back to that person I used to be," says Johnny Petty, who's getting help from a Minneapolis-based program that pairs drug treatment with job counseling and affordable housing.
Natural gas prices slump despite US winter weather blast
The massive weather system is blanketing much of the Midwest and Northeast in a deep freeze, and demand for natural gas is spiking as homeowners crank up the heat to stay warm. Yet natural gas prices have fallen this week and are in the throes of a two-month skid.