By STEVE KARNOWSKI, Associated Press CHIPPEWA FALLS, Wis. (AP) — The rolling hills and scenic bluffs of western Wisconsin and southeastern Minnesota hide a valuable resource that has sparked what’s been called a modern-day gold rush. The object of desire is not gold but a soft sandstone needed by drilling companies to unlock underground natural Read more →
The steady flow of farm profits shows up in the loan area, with strong repayment of borrowed money.
The Swiss commodities giant now owns roughly a quarter of PolyMet’s stock, with the option to purchase as much as 35 percent. PolyMet hopes to open northern Minnesota’s first copper-nickel mine amid fervent environmental objections.
Northern Minnesota is more reliant on state jobs in an important respect. When compared to the statewide totals, Northern Minnesota’s workforce does not have a much higher percentage of state employees. The impact would come from the wages they earn.
Cold Spring Bakery in Cold Spring, Minn. has been open for over 60 years and Lynn Schurman has worked there for nearly 40 of them. Lynn is the co-owner of the bakery along with her husband and brother-in-law and she was kind enough to take a break from her busy day to tell me how her business if faring these days. Here are three key insights she shared with me:
Brian Finstad sought retraining after being laid off from his factory job, only to find himself back where he started.
The amount of shaky debt Minnesota farmers owe to small town businesses has skyrocketed. How will it affect rural economies?
In farm communities around Minnesota, farmers are wondering who will carry on their work after they are gone.
Signs the mortgage crisis is morphing?
In 2004, the gluten-free market was worth $580 million. By 2012, it’s expected to be worth $2.6 billion.