Twin Cities Business

Twin Cities Business stands out as Minnesota's top source for business news, insights, and analysis. We deliver daily updates through online articles, e-newsletters, a monthly printed magazine, and live events. Together with our audience, we dive into the lives of the region's most prominent leaders, uncovering the secrets of their success, strategies, and solutions. We tackle important current issues, analyze trends and forecasts, and offer the context and information that leaders rely on.

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Articles

AG Ellison Joins Suit to Block Surmodics Acquisition

1 week ago | tcbmag.com | Dan Niepow

There might not be many things that Minnesota attorney general Keith Ellison and the Trump administration agree on, but the fate of Eden Prairie-based medtech firm Surmodics Inc. appears to be one of them. On Thursday, Ellison announced that he’s joining the Federal Trade Commission’s suit to halt Surmodics’ acquisition by Illinois-based private equity firm GTCR BC Holdings LLC. Illinois attorney general Kwame Raoul also joined the suit.
Minnesota Electricity Generated by Renewables Held Flat in 2024

1 week ago | tcbmag.com | Dan Niepow

Wind turbines near Alpha, Minnesota. Photo Credit: Minnesota Pollution Control Agency In 2024, energy derived from renewable resources accounted for about one-third of all electricity generated in Minnesota.
On Our Radar: Highlight Reel

1 week ago | tcbmag.com | Allison Kaplan

With the explosion of women’s sports and fringe sports like pickleball and rugby, the leaders of two Minneapolis creative agencies saw an opportunity to approach sports partnerships in new and more customized ways. That led Media Bridge CEO Tracy Call and Griffin Archer CEO Ellie Anderson to launch Highlight Reel, a new sports marketing agency that aims to deliver “deeper connections,” say the founders, who also maintain their separate companies.
Women in Leadership: On Trust and Unconventional Paths to the Top

1 week ago | tcbmag.com | Dan Niepow

For women, the path to the C-suite isn’t necessarily easier these days, but it certainly is changing. That’s one of the takeaways from TCB’s annual Women in Leadership luncheon at the RiverCentre in downtown St. Paul on Tuesday. Prior to a featured conversation with former Target executive and new author Laysha Ward, a panel of four mid-career women took questions about hybrid work, the lingering impact of the pandemic, and navigating personal and professional goals.
Two Expos, One Lesson

1 week ago | tcbmag.com | Aaron Keller

There’s a legendary story of Burger King’s “fast follower” strategy. While McDonald’s had a large team dedicated to selecting the perfect new location, Burger King had one person whose job was to open a new store as close as possible to each McDonald’s. As long as McDonald’s continued expanding, Burger King could piggyback on their success. This phenomenon isn’t limited to fast food; it happens in many industries, if you’re observant.
Thrivent CEO's Quest to Build Financial Security for Millions of People

1 week ago | tcbmag.com | Liz Fedor |TCB Insights

When a catastrophe strikes, Thrivent president and CEO Terry Rasmussen is known for acting quickly, calmly, and decisively. That’s what Paul Johnston observed on Sept. 11, 2001, after terrorists crashed airplanes into the twin towers of the World Trade Center in New York City. Johnston was on his second day of a new job as vice president and group counsel with American Express, and Rasmussen was his new boss.
Philips Gets $3.5M from Minnesota to Expand in Plymouth

2 weeks ago | tcbmag.com | Madison Roth

Minnesota officials on Thursday confirmed plans to provide $3.5 million in state money to help Dutch health tech giant Philips expand its operations in Plymouth. Philips Image Guided Therapy, a division of Philips, will use the funds to expand its Plymouth facility that opened in 2019. Company representatives said the move is expected to add 158 new jobs at the plant, which employs about 300 people today.
Inside the Coffee Shop Business

2 weeks ago | tcbmag.com | Adam Platt

If you’re under 50, you don’t remember when coffee in America was mostly swill that came from granules spooned into hot water. The term “coffee shop” referenced a daytime diner, a la Seinfeld, where people went for pancakes or a tuna sandwich, whose coffee rarely was something to write home about. But sometime in the 1980s, things started to change. Coffee became an artisanal good, like in Italy or France. Drinking Sanka or Folgers became a sign you were a yokel.
Municipal Liquor Stores Log 28th Consecutive Year of Record Sales

2 weeks ago | tcbmag.com | Gene Rebeck

If you’ve lived or still live in a smaller outstate city or a larger Twin Cities suburb, chances are you’ve bought a six-pack or a bottle of wine at your community-owned municipal liquor store. And a lot of those munis are doing pretty well. This month, the Office of the Minnesota State Auditor published an analysis of municipal liquor store operations for 2023.
Egg Medical Lands $14.3M Raise

2 weeks ago | tcbmag.com | Dan Niepow

An interventional cardiologist for more than 35 years, Dr. Robert Wilson has ordered countless X-ray-guided procedures over the years. These generally routine procedures are carried out to place stents in blood vessels or check for blockages, among other things. But he’s also well aware that they carry risks for medical staff carrying them out. “What most people don’t know is that less than 1% of the X-ray beam actually makes it to the detector to make the picture,” Wilson says.