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Economy

Kraft Velveeta rotini and cheese at a grocery market in Pittsburgh.

Kraft Heinz, the Chicago- and Pittsburgh-based food company in charge of the Minnesota plant that also makes Cheez Whiz, lost a $170 million federal grant to improve energy efficiency at 10 plants nationwide.

More from Economy

With workplace incivility on the rise, these companies are trying harder to bring workers together

Minnesota company leaders said they work hard to create an inclusive culture, and don’t shy away from tough conversations.
June 4, 2025

After 60 years, federal cuts shutting down Job Corps center in St. Paul

The Hubert H. Humphrey center offers job training and stable homes to more than 150 teens. The Department of Labor is shutting down Job Corps centers across country.
June 3, 2025

It’s harder to find a job this year, especially a corporate position

It can be frustrating when so many Minnesota firms say there’s a worker shortage. But there are strategies to jumpstart a search during an uncertain market, job experts say.
June 3, 2025

Trump once tried to buy the Minnesota Twins. His new budget bill could complicate team’s sale.

Both the MLB team and the Minnesota Timberwolves/Lynx are in the midst of ownership changes, which would need to wrap up quickly to hold on to a lucrative, decades-old tax write-off.
June 2, 2025

Northern Minnesota worried recent dip in Canadian visitors portends slow summer

The economy of Cook County, nestled between Lake Superior and the Canadian border, is driven by tourism. A lot of the tourists are from Canada.
May 31, 2025

New Port Authority director has eyes on reconstructing Duluth Lake Port

Kevin Beardsley, the public agency’s chief financial officer, takes over for Deb DeLuca next week.
May 29, 2025
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Now is the time to invest in bonds, with yields too good to ignore

This past week, yields on 10-year U.S. Treasuries — bonds backed by the full faith and credit of the federal government — climbed above 4.5%. Yields have not topped 5% since 2007.
May 24, 2025
The U.S. Treasury Department building in Washington.

Before Gov. Walz tussled with Elon Musk, Tesla supercharged Minnesota’s EV market

As Democrats abandon Tesla in droves, EV experts don’t think Minnesota will lose climate progress in the political divorce.
May 23, 2025

St. Louis Park firm files IPO to become Minnesota’s next public company

Jefferson Capital, which purchases debt and also services consumer accounts gone to collections, filed a $100 million initial public offering.
May 23, 2025

Minnesota man clicks email link, watches Bitcoin fortune drain away

According to an investigator’s affidavit, the Twin Cities man clicked a phishing link, then quickly opened his Coinbase app “and saw his digital assets were being moved out of his wallet” with no ability to stop it.
May 23, 2025
Joshua Brown recently bought his first Bitcoin, a digital currency. (Dreamstime) ORG XMIT: 1215058

What no federal tax on tips would mean for Minnesota service workers

The provision comes in the budget bill passed by Republicans in both chambers of Congress. The issue may be more complicated than it seems, industry watchers and workers say.
May 22, 2025
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