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Business and Economic News

Mni Sota Fund receives Bush Foundation grant, expanding support for economic self-determination

Mni Sota Fund receives Bush Foundation grant, expanding support for economic self-determination

The $7 million community innovation grant will help Mni Sota Fund increase loans to entrepreneurs and small businesses owners, and grow its financial literacy and home buying education opportunities.
by Melissa Olson

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How many Somalis in Minnesota could be impacted by federal intervention?

How many Somalis in Minnesota could be impacted by federal intervention?

Reports that the Trump administration plans to primarily target Somali immigrants living unlawfully in the Twin Cities follow a call from the president to end Temporary Protected Status for some Somali Americans. How many people could be impacted by these measures?
by Sarah Thamer

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Minnesota budget forecast will set the stage for 2026 legislative session

Minnesota budget forecast will set the stage for 2026 legislative session

Economists and leaders from the Department of Minnesota Management and Budget will offer a glimpse into how much money the state is collecting in taxes and fees — and how much it is spending on schools, public safety, health programs and other government services.
by Dana Ferguson

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Treasury investigating tax fraud allegations in Minnesota, Bessent says

Treasury investigating tax fraud allegations in Minnesota, Bessent says

The U.S. Treasury Department is investigating allegations that tax dollars from Minnesota may have been diverted to the al-Shabaab militant group in Somalia, Treasury Secretary Scott Bessent said on Monday. The Minnesota U.S. Attorney's Office, however, has aggressively prosecuted fraud in the state and not made such links.
by Reuters

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Bezos foundation gives $2.5 million grant to help fight homelessness in Duluth

Bezos foundation gives $2.5 million grant to help fight homelessness in Duluth

Chum, which operates the largest emergency homeless shelter north of the Twin Cities, has been awarded a $2.5 million grant — the largest in its history — to address family homelessness in Duluth.
by Dan Kraker

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COVID-19 pandemic narrowed health care industry pay gap, new study finds

COVID-19 pandemic narrowed health care industry pay gap, new study finds

A new study finds that the COVID-19 pandemic narrowed the wage gap between high and low paid workers in the health care industry, as the lowest earners saw the biggest boost in pay in the years since the pandemic began.
by Molly Castle Work

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