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Business and Economic News

Yellen in Minneapolis to announce efforts to boost housing supply as high prices create a crunch

Yellen in Minneapolis to announce efforts to boost housing supply as high prices create a crunch

The Biden administration is announcing new steps to increase access to affordable housing. The Democratic administration is announcing new federal initiatives as still-high prices on groceries and other necessities and high interest rates have dramatically pushed up the cost of living in the post-coronavirus pandemic years.
by The Associated Press

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Inside the Chinese-funded and staffed marijuana farms springing up across the U.S.

Inside the Chinese-funded and staffed marijuana farms springing up across the U.S.

Large numbers of migrants from China are crossing into the U.S. and finding work on marijuana farms. Some of the businesses are accused of exploiting workers and violating state growing rules.
by Emily Feng

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American Airlines CEO aims to ‘rebuild trust’ after Black men removed from flight

American Airlines CEO aims to ‘rebuild trust’ after Black men removed from flight

CEO Robert Isom vows immediate action following the incident involving eight Black men on a flight from Phoenix to JFK, as well as other alleged accounts of racial discrimination toward passengers.
by Jonathan Franklin

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Heavy rains and climate change challenge Minnesota agriculture, farmers of color

Heavy rains and climate change challenge Minnesota agriculture, farmers of color

“It has been a tough season,” said Marcus Carpenter, founder of an organization that supports greater racial and ethnic diversity in farming. “When you have farmers of color who have very little acreage to deal with in the beginning, having an entire washout can be detrimental for them, both economically … and from a community perspective.”
by Gracie Stockton and Cathy Wurzer

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In Grant County, more than 280 grazing goats provide sustainable solution to buckthorn

In Grant County, more than 280 grazing goats provide sustainable solution to buckthorn

Each month, MPR senior economics contributor Chris Farrell takes us inside a local business. This time he visited a farm in Grant County that is using their goats in a unique way.
by Cathy Wurzer, Chris Farrell and Ellen Finn

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Northside Minneapolis modular housing project unveiled

Northside Minneapolis modular housing project unveiled

The company George Modular Solutions will begin manufacturing residential and commercial modular housing next spring, said CEO Lewis Lockwood. The company is renovating a 83,000-square-foot former printing plant into a modular manufacturing plant.
by Regina Medina

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Minnesota Now and Then: A union-member‘s granddaughter recounts the 1934 trucker‘s strike

Minnesota Now and Then: A union-member‘s granddaughter recounts the 1934 trucker‘s strike

90 years ago, one of Minnesota’s first unions was formed for truckers. Their first strike resulted in injury and death to some union members. But it also was a turning point for the labor movement.
by Cathy Wurzer and Alanna Elder

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