Staff Directory 6370535

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
Alerus lender Julie Stewart, Crystal Hill-Hover, founder and CEO of Twin Cities Wellness Center & Recovery Gym; and investor and business adviser Paul

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.
John Long, a veteran software entrepreneur, has led Bromelkamp Co. since 2020, the year after founder Henry Bromelkamp was seriously injured in an acc

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.
Steve Mura left a job as a corporate marketing executive five years ago to run a landscaping company in Richfield.

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.
Dean Ramos, Minneapolis-based regional director of the Latvian American Chamber of Commerce; Latvian Prime Minister Kirsjanis Karins; and Latvian-born

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.
Bruce Bomier and Dr. Kyle Kingsley

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.
David Edgerton Jr., owner of DEJ Group

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.
From left to right, Nova Group executives Senior Vice President Lou Raiola, President Ben Bohline, CEO Steve Cummings and Vice President Jack Cummings

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

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.
CEO Joe Hobot of American Indian OIC led the legislative effort to match private funds for rebuilding Indigenous capital projects.

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.
John Dunlop and his renewable-powered duplex.

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.
Gevo has agreements to supply hundreds of millions of gallons of low-carbon aviation fuel to customers such as Delta. But the volatile stock has been

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.
Melanie Richards has grown her goGlow salon and skin care business 40% a year for 10 years.

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.
CEO Tawanna Black of the Center for Economic Inclusion

Growth & Justice merges into larger Center for Economic Inclusion

The two focus on racial equity and widespread prosperity as ingredients for stronger economy.
Arbor Wood Chief Executive Jon Heyesen fronts an installation at Allete headquarters in Duluth.

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.
Claros Technologies scientist Conor Broderick, left, founder and Chief Technology Officer Abdennour Abbas and chief executive Michelle Bellanca in the

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.
Real estate developer Dan Coleman, right to left, P.J. Hill and Billy Jones, who owns ForReal Coffeehouse at 3740 Chicago Av. in Minneapolis and grew

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.
Fuel producers, such as Minnetonka-based Northern Oil & Gas, have been top performers in a generally down stock market in 2022. In this May 2021 photo

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.
Tim Baylor during a groundbreaking ceremony Thursday on a $68 million residential-commercial project he is leading in north Minneapolis.

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.
Joe Puishys, chairman of the Minneapolis Club board, sits in the downtown club’s dining room.

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.
A Minnesota Commercial Railway train traversed the 6.5-mile spur rail line from White Bear Lake to a Hugo industrial park.

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.
Tonya Allen, president of McKnight Foundation, is spearheading the GroundBreak Coalition, which seeks to build a $2 billion fund for Twin Cities inves

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.
President Andy Kim and founder Dennis Kim of solar-engineering firm EVS.

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.
Katie Steller, left, and mother, Julie Steller, in Steller Handcrafted Goods in northeast Minneapolis.

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.
Hero Yang, pictured with Graco manager Josh Behr during a high school Step Up internship, works for HP in technology at Best Buy’s Richfield headqua

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.
Tony Sanneh spoke to Dreamline mentors during a training session at the Sanneh Foundation headquarters.

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.
CEO Bill McNeely Jr. of Acrylic Design posed in the showroom with the new Recrylic recycled-product display that he said is just as good, cuts energy

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.
CEO Dan Stoltz of Spire Credit Union, who had to be talked into being the St. Paul credit union’s pitch man, now relishes driving around in the old

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.
Principals surrounding the well head of the Darcy Solutions geothermal underground heating-cooling system at what is designed to be a renewable energy

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.
Bill Emory, chairman of Smart Care

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.
Iron workers on the job in downtown Minneapolis. The Workers’ Compensation Reinsurance Association is giving out a record distribution this year.

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.
Tech Dump Chief Executive Amanda LaGrange, left — pictured with Derek Olson, sales and purchasing manager, and Emily Mauter, director of advancement

'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.
Economist Louis D. Johnston

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.
The historic downtown Minneapolis Dayton’s store building is being redeveloped into a retail marketplace and offices thanks partly to state-and-fede

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

The tax credit is up for renewal and has rare bipartisan support.
Restaurant Technologies CEO Jeff Kiesel stood Thursday in front of depot employees who deliver cooking oil to and help clean 32,000 commercial kitchen

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.
Bill Keegan, an engineer and president of Dem-Con, which operates recycling and landfill operations in Shakopee, posed with bales of to-be-recycled al

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.
Dr. Kyle Kingsley, founder and CEO of Goodness Growth Holdings, and patient Patricia Gates discussed how cannabis has helped her alleviate painful sym

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.
Caitlin Rogers, co-founder of Next Day Animations, is pictured in 2019. She let the lease expire on the former Minneapolis office in a favor of an all

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.
Chief Operating Officer Jerome Hamilton and founder-CEO Chris Dykstra of software firm Warecorp, which is funding the fast-growing GoodCarts network o

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.
Planet Smoothie franchise owner Maricela Gallarzo, who opened in downtown Minneapolis’ Gavidae Common in January 2020 just before the pandemic crush

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.
Founders Rita Katona and Eric Hall of eight-year-old So Good So You

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?
Jeremy Bertsch, an engineering manager for at Flint Hills oil refinery in Rosemount, worked in 2019 on a 50 megawatt power plant that supplies up to 4

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
Nextera Energy, which plans $1.3 billion in construction and ongoing operation of six Minnesota wind farms, rebuilt the 20-year-old Lake Benton wind f

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

Business is starting to address the "turning point"
Richard Daly

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.
Owner Dan Digre of St. Paul-based Misco.

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

The companies, not China, pay the taxes.
Minneapolis-based Peace Coffee, headed by CEO Lee Wallace, above, is a portfolio company of LFE Capital.

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.
Goodness Growth Holdings, formerly Vireo Health, has been sold to a Chicago-based cannabis company called Verano Holdings.

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.
Governess Simpson, a senior studying engineer and computer science at the University of Minnesota, is a leader nationally among the 1,300 “Black Win

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.
Anne and Peter Heegaard were partners in marriage and community giving for 60-plus years.

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.
Rendering of the 110-apartment residential-commercial complex planned to replace the riot-destroyed Wells Fargo branch office at Lake Street and Nicol

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’s veteran owners Mark Anderson and Tim Johnson are investing about $4 million in technology and renovated space this winter.

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.
Volunteer Gerard Bodell leads the board of Minnesota Court Appointed Special Advocates for Children (CASA).

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.
CEO Andy Blackburn of Niron Magnetics

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.
FourCubed’s Chris Carlson

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.
Sun Country CEO Jude Bricker

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

The Twin Cities-based airline hits some turbulence.
CEO Greg Ridderbusch of Connexus Energy

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.
Clearfield, the provider of fiber-optic cable and other broadband products, was the second-best performer on the stock market among Minnesota’s publ

Broadband installer Clearfield a leader among Minnesota's standout stocks in 2021

Three out of four of Minnesota's publicly listed companies saw their share values rise in a year when the overall market surged nearly 30%.
Digi CEO Ron Konezny

Digi International, slowly transforming business model, increased share value 25% in 2021

Digi, approaching $1 billion in value, has made operational and financial progress under CEO Ron Konezny since 2015.
Louis King, CEO of Summit Academy, has been named chief executive of the national OIC network as well.

Summit Academy's Louis King named CEO of national job training network

Louis King will retain his post as CEO of Summit as well.
Rev. Alika Galloway of Liberty Community Church, left, with Julia Nerbonne, executive director of Minnesota Interfaith Power & Light; and Amber Naqvi,

Software entrepreneur funds solar projects in Minneapolis

Amber Naqvi is building a solar-software company in Eagan and funding solar projects in overlooked parts of the Twin Cities.
Fair Anita founder Joy McBrien

Minneapolis retailer Fair Anita works with female artisans around the globe

Joy McBrien's business hit $1 million in sales this year and returned more money to artisans in Central and South America.
Don Kohlenberger of Hightower Initiatives, the Dayton’s Project local representative, and Meghan Elliott, founder of New History, are key players in

Dayton's Project is fueled by federal-state tax credits

The developer-owners, delayed by COVID-19 and victorious in a recent court fight, now focus on leasing.
Pikup executives Sam Lerdahl, left, CEO Bharat Pulgam and Josh Chang. 

Twin Cities startup setting up 'milkman' system of regular neighborhood delivery routes

Pikup received $1.8 million in venture capital funds to help fuel its growth.
The Rev. Alfred Babington-Johnston of Stairstep Foundation and David McGee, a veteran banker who heads Build Wealth, have acquired the Regional Accele

A pair of North Side nonprofits quietly buys Thor-built center in $10M deal

The Regional Acceleration Center is acquired in a transaction that preserves local ownership.
Sammy McDowell, founder of Sammy’s Avenue Eatery on W. Broadway, is expanding to a food hall that also will broaden his catering operation on the No

Veteran cafe owner opening second spot on Minneapolis' North Side

Sammy's Avenue Eatery is approaching $1 million in annual sales.
Navegate CEO Nathan Dey is leaving the company after it is sold to Radiant Logistics.

Minnesota's Navegate, with roots in serving Control Data, Honeywell, sold for $35M

The Mendota Heights-based company will become a wholly owned subsidiary of Radiant Logistics, based in Washington state.
Darryl Weivoda, right, who has owned North End Hardware for more than 40 years, is selling it to long-time employee John Guion.

North End Hardware owner calls it a career

Darryl Weivoda, 65, neighborhood business leader is giving up the long hours and selling to a long-time employee.
Gathered at Peris Hill, a 45-unit affordable housing complex that opened in November for low-income adults: President Bill Graves of the Graves Founda

Twin Cities couple plan to give away around $100M, concentrating on disadvantaged youth

The money seeding the Graves Foundation is from John and Denise Graves selling their tax-compliance software business a few years ago.
Architect James Garrett Jr. of 4RM+ULA and Seward Redesign project manager Taylor Smrikarova plan to transform a damaged U.S. Bank branch on E. Lake S

U.S. Bank donates riot-damaged Mpls. branch to nonprofit developer

Seward Redesign plans 2800 E. Lake St. redevelopment that will include affordable housing, commercial spaces and a home for nonprofits.
Anna Bloomstrand will be the fourth generation to lead Ingebretsen’s when she eventually replaces her mother, Julie Ingebretsen, as CEO.

Ingebretsen's stands strong for 100 years as 'heart of Lake Street'

Scandinavian food-and-gift shop helps Minneapolis neighborhood businesses recover.
Executive Vice President Todd Lee and CEO Michael Solberg outside Bell Bank’s new City Center office in downtown Minneapolis.

North Dakota's largest bank is fueled by growth in Twin Cities

Bell Bank expands downtown
BMO banker Saul Hernandez chatted with Olivia Rodriguez, co-owner of El Rey Car Audio, which with a BMO loan plans to rebuild in a larger building it

Bank manager, who grew up off Lake Street, determined to help neighborhood

Saul Hernandez, manager of the BMO Bank branch, believes in community outreach and helping to rebuild the Lake Street corridor in Minneapolis.
CEO Joe Hobot at the American Indian OIC at Franklin and Cedar avenues, adjacent to an Indian-developed affordable housing project that also is part o

Twin Cities American Indian business leaders coordinating on development projects

The American Indian OIC is one of the groups that are ready to build new facilities to improve their programs.
Margaret Zack in 1980.

Margaret Zack, Star Tribune courts reporter and union leader, dies at 77

She was an attorney and longtime elected officer for the Newspaper Guild.
An architect’s rendering of Spectro Alloys’ expansion.

St. Anthony: Spectro Alloys invests $10 million in its aluminum-recycling business

Spectro Alloys of Rosemount is investing $10 million to make its Rosemount recycling plant, the Upper Midwest's largest processor of industrial aluminum, safer and more…
Dick Youngblood

Longtime Star Tribune business journalist Dick Youngblood dies at 85

Dick Youngblood was known for his folksy writing style, fascination with entrepreneurs and for treating new colleagues to a "Jucy Lucy" cheeseburger.Youngblood, a longtime business…