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Business and Economic News

Medica draws fire for transferring non-profit reserves to holding company

Health insurer Medica's decision to take $90 million in reserves from its non-profit Minnesota HMO has raised concern among state officials that the insurer could funnel the non-profit money into its for-profit entities.
by Mark Zdechlik

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Trump promises tax cuts as Senate GOP paves way with budget

Trump promises tax cuts as Senate GOP paves way with budget

President Donald Trump promised tax cuts Friday "which will be the biggest in the history of our country" following Senate passage of a $4 trillion budget that lays the groundwork for Republicans' promised tax legislation.
by The Associated Press

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Minnesota commits nearly $350 million to affordable housing

Amid an acute shortage of affordable housing, nearly $350 million in private and public funds will go to building or renovating some 1,800 residential units.
by Emma Sapong

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More good news for Minnesota jobs

More good news for Minnesota jobs

Minnesota's unemployment rate and pace of job growth has steadily been better than the national averages.
by Martin Moylan

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Minnesota State considers changing tuition policy

The Minnesota State system may change its tuition and fee policy because of the growing number of students simultaneously taking classes from multiple schools.
by The Associated Press

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After 55 years, Target will finally open a store in Vermont

After 55 years, Target will finally open a store in Vermont

The news prompted a "Breaking News" banner on the local paper's website. As they're saying over at Vermont Public Radio: "This is not a drill."

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Corporations to keep tax break lost by millions of Americans

Corporations to keep tax break lost by millions of Americans

Republicans are determined to overhaul the nation's tax system by year's end, offering a plan that lowers the corporate tax rate from 36 percent to 20 percent and reduces the number of tax brackets.
by The Associated Press

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Minnesota submits low-budget bid for Amazon

Minnesota submits low-budget bid for Amazon

Emails show state officials' concern with honoring Amazon's request for confidentiality, partisan sniping between the governor's office and the Legislature about how to do it and unease about upsetting some of Minnesota's largest businesses with a bid.
by The Associated Press

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Drug companies make eyedrops too big, and you pay for the waste

Drug companies make eyedrops too big, and you pay for the waste

When eyedrops dribble down your face, it's not your fault. Drugmakers have long known that their drops of medicine exceed the capacity of the human eye. Why didn't companies make the drops smaller?
by Marshall Allen

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'A major distraction': Is a mega-deal like Amazon's HQ2 always worth it?

'A major distraction': Is a mega-deal like Amazon's HQ2 always worth it?

Amazon's unmatched promise of 50,000 well-paying jobs has red carpets rolling out across the U.S. -- but also some soul-searching: How much should communities subsidize wealthy American corporations?
by Alina Selyukh

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