Inside Track | Star Tribune
Inside Track

Inside Track

A look at what’s behind today's Minnesota business headlines.

At long last, CVRx device gets FDA approval

Barostim device gets FDA nod to treat heart failure by stimulating nerve endings in the neck

Genesys Works places 300-plus minority interns in Twin Cities

The Twin Cities chapter of Genesys Works, the national career-training nonprofit that places disadvantaged, mostly minority high school students in paid internships, said 318 Twin Cities students were hired this month for one-year, 20-hour-a-week paid internships at 56 Twin Cities companies.

Minnesota hemp industry wants charges dropped against truck driver

The recently formed Minnesota Hemp Association is protesting the July arrest in South Dakota of an unspecified truck driver delivering legally grown hemp from Colorado to a processor in Minnesota.

Rally Ventures is most active local venture firm

CB Insights says Rally Ventures, which raised $100 million in 2012-13, has been the most active venture firm in Minnesota over the last five years.

Black Ridge moves from energy to gambling business

Black Ridge Acquisition's Lyle Berman

Lyle Berman's Black Ridge Acquisition has abandoned the energy business to focus on gambling, which has been his calling card for 30-plus years.

Bremer Financial first-half results slipped

Bremer blamed the first-half decline on accounting issues and said its banking business remains strong.

General Mills appoints former McDonald's exec to top communications job

General Mills saw its second-quarter profit fall more than 20 percent from a year ago, but it still beat Wall Street expectations.

General Mills has appointed Jano Cabrera, a former McDonald's executive and communications operative for the Democratic Party, as its chief communications officer.

Tuffy's building $70 million dog-snack plant in Delano

Tuffy's building $70 million dog-snack plant in Delano

Tuffy's of Perham, Mn., is expanding in Delano, an hour from the Twin Cities, with a $70 million plant to make dog treats from wheat, barley, rice, soybeans and other products grown in the Midwest.

Minneapolis farmers markets are growing green

Advocates say farmers markets build community, healthy foods and leave more cash in the pockets of farmer-producers.

Twin Cities "rare coin" dealer sentenced to prison for fraud

Barry Skog, who had been investigated for years for peddling counterfeit rare coins, was sentenced to 30 months in prison.

Minnesota Blue Cross gets upgrade to its credit outlook

While its underlying rating remains unchanged, ratings agency revises longer-term outlook on positive financial developments

It's too easy to say Sezzle is sizzling, so we won't

But new figures showed it is still in the hockey-stick portion of its growth trajectory. And our records say it's been about 20 years since a high-tech startup from the Twin Cities did an IPO.

JP Morgan Chase invests in Center for Economic Inclusion

The center will use the funds to further collaboration between big companies and minority-owned suppliers.

Minneapolis-based firm aims to consolidate small-biz brokerages

An independent "roll-up" company, an offshoot of Sunbelt Advisors, has started signing members who eventually can be acquired.

Minneapolis-based Norwest Equity Partners adds a partner

Norwest Equity Partners has added a veteran partners from Snow Phipps in New York City

Minneapolis celebrates "Black Business Week'' through July 27

The city and participating black entrepreneurs are staging 13 events focusing on black enterprise through July 27. Minneapolis boasts nearly 1,000 black-owned businesses.

Building that houses Barrio on Nicollet Mall sells for $10.1M

Building that houses Barrio on Nicollet Mall sells for $10.1M

The century-old building is known as the "9s on Nicollet Mall."

Cargill and Ecolab announce new Farm to Fork Techstars class

Cargill and Ecolab announce new Farm to Fork Techstars class

The second class in Techstars' Farm to Fork Accelerator Program starts this week in St. Paul, Cargill and Ecolab announced Monday.

Jeff Tollefson, the former venture capitalist and nonprofit executive, will lead MHTA

Jeff Tollefson, 57, the one-time venture capitalist, left to run a job-training nonprofit in 2008 and has returned to run one of the state's influential business associations.

Fast-growing Foodsby headed to Downtown Mpls HQ

Foodsby’s Ben Cattoor.

Foodsby, which is doubling revenue annually, plans to move into a downtown building that will allow it to expand from 150 to up to 350 employees.