Staff Directory6370535

Neal St. Anthony

Columnist, reporter | Business
Phone: 612-673-7144

Neal St. Anthony has been a Star Tribune business columnist/reporter since 1984. 


St. Anthony's work has spanned corporate takeovers to financial markets, small businesses, and the emergence of women, immigrants and minorities in business. A native of Minneapolis who first joined the Star Tribune in 1981, St. Anthony holds undergraduate degrees in journalism and business, and an MBA. He also has worked for two publicly held companies, including former regional securities firm Dain Rauscher (1997-98). St. Anthony, who is married and the father of two children, has been a volunteer with the Minneapolis parks, several schools and nonprofit organizations.
Recent content from Neal St. Anthony

Can we get renewables on the electricity grid faster in Minnesota?

Analysts from the Great Plains Institute, the Minneapolis think tank that studies this and other renewable energy issues, talk about what needs to happen — and how likely it is.

David Cleveland, a Minneapolis community banker and MN Cup founder, dies at 89

Cleveland died at his farm in Wisconsin earlier this month.

Minnesota small business battles alleged counterfeiters on Amazon

The founder of Twin Cities-based InstaTrim has experienced a 35% decline this year on Amazon, its primary platform, after several years of rapid growth.

Federal government gives Sunrise Banks $250M for community-impact lending

The funds will result in $2.5 billion in new lending in the Twin Cities, Sunrise executives say.

Martel leaves Meda CEO role after three years; Bridges takes interim role

Meda is the largest nonprofit finance provider in Minnesota.

Whittier School community education coordinator leads and learns from neighborhood kids

Jeff "Nacho" Carlson guides Minneapolis youth and fellow mentors to green a small piece of the planet.

St. Anthony: Minneapolis plumbing supply firm now leaner, but ready to build again

Park Supply's bankruptcy case helped resolve its dispute with lenders but it still has a big rebuilding job.

Want to use green energy? A Twin Cities nonprofit can help.

The Green Neighbor Challenge founder talks about the $100,000 grant the nonprofit recently received and how it connects people with programs.

St. Anthony: Builder of Black women businesses adds wellness complex on North Side

Kenya McKnight-Ahad is part of a growing cohort of Black entrepreneurs providing space for other emerging businesses.

President of Minnesota solar group says new federal investment act should accelerate growth

The industry expects to exceed 10% of Minnesota power generation by 2030, Griffin Dooling said.

Minneapolis couple made a store their own — but struggle to find footing with longtime customers

Nancy St. Germaine, a veteran commercial-construction contractor, and her husband and business partner, Justin Wells, have struggled to get the former Welna Hardware in the Seward neighborhood rolling as Jack's Hardware and Farm Supply.

St. Anthony: Minnesota's mining push buoyed by new climate-change law

The proposed Tamarack mine boasts high-concentrate nickel, sought by Tesla and the growing electric-vehicle industry.

How a St. Paul safari company helps its Tanzanian employees, families

Business customers came through in 2020-21 for idled Tanzania employees of Minnesota-based tour company and its nonprofit Project Zawadi that educates hundreds in rural Tanzania

Roger Scherer, builder of lumber company and former legislator and Met Council member, dies at 87

He helped build Scherer Bros. Lumber in Minneapolis into a regional producer of wood and building products.

Hennepin County set to invest $10M in businesses, especially in riot-damaged areas

The Hennepin County Board on Tuesday is expected to approve the economic-recovery funds that are mostly for the corridors vandalized during the riots following the 2020 police killing of George Floyd.

St. Anthony: Hopkins' Digi International continues to outperform

Digi, the provider of devices that connect equipment globally to the internet, as well as software services, has been among Minnesota's best companies to own for the last several years.

St. Anthony: New restaurant is just latest project for north Minneapolis developer

Chris Webley is on a several-year pursuit to build businesses and spread the wealth on the North Side of Minneapolis.

St. Anthony: Volunteer trucker drives Vietnam War memorial replica around Minnesota

Doron Doravi, a Minneapolis trucker, delivered a replica of the Vietnam War Memorial during a Minnesota leg of its national tour.

Two Twin Cities business groups — Itasca Project and Greater MSP — are merging

Itasca, started in 2003 by volunteer leaders in search of bipartisan policy recommendations, will become part of the Greater MSP economic development organization.

St. Paul investment officer focuses on diversity, ESG because it's good for business

Shannon O'Leary, chief investment officer of the St. Paul & Minnesota Foundation, expects her fund managers to invest in stakeholder-driven companies and to diversify their investment teams because that's best for long-term performance as well as the right thing to do.

St. Anthony: North Mpls. wellness center owner and ex-felon gets rare SBA loan

Crystal Hill-Hover recently raised expansion capital through Alerus bank for her Twin Cities Wellness Center & Recovery Gym in north Minneapolis.

St. Anthony: Twin Cities software firm is saved by many hands after founder's accident

Bromelkamp Co. has a new name and is growing, three years after its founder's accident created uncertainty.

St. Anthony: Marketing exec bolts beer giant to build Twin Cities landscaper

Steve Mura, a top marketing executive at Molson Coors, quit the politics of corporate life to run his own business.

St. Anthony: Latvian-born Minnesota businessman, long wary of Russia, says consume more Stoli

Latvia — one of the three small Baltic states that border Russia and where Stoli is made — is encouraging Minnesota investment.

St. Anthony: Two longtime medical cannabis advocates see progress — but more to be made

Bruce Bomier, 75, a disabled Vietnam War veteran and retired businessman, and Dr. Kyle Kingsley, 46, who started Minnesota's largest medical marijuana concern in 2014, are stalwarts in advocacy in Minnesota.

Leadership program alumni tackling diversity issues facing Minnesota

The Minnesota Young American Leaders Program has helped tackle business and education leadership diversity, among other topics.

Twin Cities environmental engineering firm in right business at right time

Nova Group, a 35-year-old, St. Louis Park-based company, has grown as commercial real estate investors add environmental goals to their businesses.

Steve Truax, a Marine in Vietnam, diamond cutter, business owner and volunteer, dies at 75

Truax had a passion for reading, walking and fly fishing.

St. Anthony: Minnesota legislative logjam despite surplus a bitter pill for businesses

The failure this month of the Republican-led Senate to strike tax-cut and bonding deals with Gov. Tim Walz is bitter for several industries.

Renewable energy pioneer's ultra-efficient Minneapolis duplex snapped up quickly

After 44 years, renewable energy-pioneer John Dunlop and wife are selling the duplex they converted from energy hog to low-carbon castle since 1978.

Despite bumps, plant-based aviation fuels maker Gevo continues its stock flight

The company is launching a huge plant in South Dakota to produce no-carbon aviation fuel.

St. Anthony: Driven Minnesota entrepreneur's three-salon business still growing

Melanie Richards, raised by an accomplished single mom and a state trooper grandfather, has always focused on women, including 35-employee goGlow.

Growth & Justice merges into larger Center for Economic Inclusion

The two focus on racial equity and widespread prosperity as ingredients for stronger economy.

St. Anthony: Duluth's Arbor Wood growing in soft Minnesota timber trade, opening Eveleth plant

The 10-year-old firm is expanding in a static industry to a renovated plant in Eveleth with its innovative use of less-desirable timber.

St. Anthony: Minneapolis firm strikes first major deal for its PFAS-fighting technology

A Japanese chemical company will use the technology developed by Claros Technologies, which will open a new headquarters and pilot plant Tuesday in northeast Minneapolis.

St. Anthony: There's hope for more Black entrepreneurs around George Floyd Square

Two years after riots devastated area businesses following the killing of George Floyd by Minneapolis police, owners are working to rebuild.

St. Anthony: Most Minnesota company stocks lost value so far this year — what's next?

The S&P 500 index of America's largest companies was down 16% through May 13. The Piper Sandler Minnesota index of the 50 largest public companies in the state was down significantly as well.

Construction starts on $68M apartment, commercial complex in north Minneapolis

The project is one of the largest ever outside downtown and led by veteran businessman Tim Baylor, Catalyst Opportunity Funds, private investors and local government.

Money-losing Minneapolis Club gains traction with two-year turnaround effort

The 125-year-old downtown club, facing membership decline and losses for several years, has invested in a comeback plan.

St. Anthony: Niche short-haul railroads say they need state money to keep tracks updated

Minnesota's small railroads and trucking firms want more state funds amid growing cargo-weight exceptions that cause disproportionate wear on county and state roads.

Public-private coalition plans $2B fund to revitalize Twin Cities

The GroundBreak Coalition will use business, philanthropic and public capital to help rebuild the corridor hit by riots after George Floyd's death and address inequities in home ownership and business in the Twin Cities.

St. Anthony: Minnesota solar firms, including Eden Prairie's EVS, growing at hot pace

The industry, albeit facing short-term challenges, is needed for the state of Minnesota and other entities to meet carbon goals.

St. Anthony: Humble Minneapolis entrepreneurs on the mend after COVID downturns

Julie Steller, founder of Steller Handcrafted Goods, and daughter Katie Steller, founder of Steller Hair, are growing after pandemic-clipped years. They operate across the street from each other in northeast Minneapolis.

Minneapolis Step Up expands career opportunities for diverse youth

Step Up veterans Hero Yang and and Farah Dahir are welcomed by employee-hungry Twin Cities employers.

St. Anthony: Soccer star Tony Sanneh's efforts show 'enlightened capitalism'

The Sanneh Foundation, run by the former soccer star from St. Paul, is spreading opportunity and success through sports, mentoring, nutrition and partnerships with St. Mary's University and others.

St. Anthony: Plymouth company finding new niche with recycled plexiglass product

Acrylic Design is selling its Recrylic replacement product that's made from recycled, petroleum-based acrylic to meet business-customer demand for what was a one-and-done product.

St. Anthony: Spire Credit Union's Dan Stoltz is the 'CEO on the street'

Dan Stoltz led a turnaround of the St. Paul credit union's finances and operations.

Renewable energy investments becoming mainstream, from startups to global deals

Recent strategic acquisitions of Minnesota renewable energy firms, plus the opening of the Grid Catalyst clean-energy business accelerator, demonstrate how mainstream money is flowing to the sector.

St. Paul's Smart Care still strong after pandemic setbacks

Smart Care CEO Bill Emory made every employee a shareholder during tough days of 2020, and the company now has a new primary owner.

St. Anthony: State workers' comp group paying out record $600M distribution

The excess capital is a turnaround from 2009, when the quasi-public agency assessed $268 million to make up a projected deficit over five years.

'Right to repair' push back in front of Minnesota legislators

The "Digital Fair Repair Act" is expected to pass the Minnesota House, but has yet to get a hearing in Republican-controlled Senate.

St. Anthony: 'Strained' Minnesota economy facing many challenges, professor warns

Economist Louis Johnston worries the disruption caused by the Russian invasion of Ukraine, on top of supply-side challenges from the pandemic, is likely to have short-term consequences for Minnesota families.

Historic renovation tax credit has pumped billions into state economy, study says

The tax credit is up for renewal and has rare bipartisan support.

Mendota Heights company's approach turns cooking oil from 32,000 restaurants into biofuel

Restaurant Technologies has grown even during the pandemic, while at the same time solving an environmental issue for many in the industry.

St. Anthony: Minnesota's recycling companies helping shift industries toward more sustainable materials

U.S. manufacturers are increasingly producing more of the cans, bottles and other consumer packaging from recycled feedstock — a low-cost substitute for virgin material.

St. Anthony: Minnesota, federal policies made state's flagship cannabis company a takeover candidate

While Goodness Growth sold the first legal "cannabis flower" in Minnesota last week, a national consolidator's bid to acquire the company still seemed the best bet for its board of directors.

St. Anthony: Not every Twin Cities business is going back to the office as pandemic eases.

Founder Caitlin Rogers of 25-employee Next Day Animations, started on her kitchen table in 2012, has let the lease expire a Minneapolis office. She's not the only one.

St. Anthony: Minneapolis entrepreneur heads effort on Shopify network for social, sustainable enterprises

Founder Chris Dykstra of Warecorp incubates GoodCarts, connecting 400-plus sustainable e-commerce retailers and social-impact businesses.

St. Anthony: Downtown Minneapolis comeback still iffy proposition but better bet than last month

There are growing signs of commercial life as more big employers have started a hybrid back-to-office rhythm in the past few weeks as omicron rates come down.

St. Anthony: Minneapolis maker of nutrition shots So Good So You posts healthy growth

So Good So You has invested in equipment and employees, but how long can it stay independent?

Flint Hills' Pine Bend refinery produces more fuel with less pollution

Still one of Minnesota's biggest carbon polluters, the suburban St. Paul refinery is no longer smelled before seen

St. Anthony: Minnesota business tackles climate change as environmental challenge, economic opportunity

Business is starting to address the "turning point"

Richard Daly, a 'godfather' of Minnesota software industry, dies at age 97

Daly, an entrepreneur, also was a mentor and industry booster. His early career included Remington Rand, Univac and Engineering Research Associates.

St. Anthony: Trump's China tariffs continue to vex small Minnesota importers

The companies, not China, pay the taxes.

St. Anthony: Pioneering private equity shop focusing on female-run firms strikes alliance

Leslie Frecon, who founded LFE Capital in 2001, has proven that investing in women-run small growth companies can be a profitable, long-term endeavor. She has a new deal with Stifel Securities.

Second licensed medical marijuana company in Minnesota sold to national consolidator

Goodness Growth was bought by Verano Holdings, which said the company's New York license was key to the deal.

University of Minnesota student helping lead national 'hackathon' for female coders

Governess Simpson, 22, boasting impressive credentials, is a national leader among the growing ranks of Black women in technology.

St. Anthony: Retired Twin Cities investment manager knew how to make a difference

Peter Heegaard, who died in January, and his wife dedicated their lives to helping low-income city residents and the nonprofits that served them.

Minneapolis city funding solidifies plan for $50M Lake St. affordable housing

The city announced $15.7 million in funding for 10 projects in areas affected by the riots following the police killing of George Floyd.

Impact invests in print plant, solar power in North Minneapolis

After surviving more than 30 years as commercial printing consolidated, owners of Impact design a transition plan.

St. Anthony: Retired Target manager fighting to shore up court advocate volunteer program serving foster kids

The ranks have declined, both because of COVID-19 and because a training program was suspended.

Minneapolis' Niron Magnetics still small, but intends to be big player in greener economy

The company, having raised $30 million in capital, is building a Minneapolis pilot plant to make sustainable magnets that will replace use of imported rare-earth materials.

SharpLink makes $8.1M deal to buy fellow Mpls. gaming company

Chris Carlson's 2005 gamble starting FourCubed paid off, as he becomes part of the newly public SharpLink organization.

St. Anthony: Holiday shutdown, insider sales could damage Sun Country

The Twin Cities-based airline hits some turbulence.

St. Anthony: Why Connexus Energy won't raise electric rates for a fifth year

The north-suburban cooperative credits renewable energy investments, and also seeks independence from Great River Energy.