Inside Track

Inside Track

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


Boutique hotel opens in former Summit Avenue mansion in St. Paul

Boutique hotel opens in former Summit Avenue mansion in St. Paul

A mansion that was converted into a boutique hotel in St. Paul's Cathedral Hill and a newly built hotel in the North Loop of Minneapolis have recently opened.


Minnesota hemp industry joins ag officials in protesting hemp rules

The Minnesota hemp industry has joined the state agriculture department in protesting proposed federal rules they say would be a huge step backward for the emerging rural industry.


VNN Sports raises $3.7 million in outside capital

VNN Sports, a high school sports communications software platform based in northern Minnesota, has raised a $3.7 million funding round led by NextWave capital with participation from Arsenal Ventures.


Growing Atomic Data adds Walker Art Center to client list

Growing Atomic Data adds Walker Art Center to client list

Minneapolis-based Atomic Data has signed a multi-year partnership to be the exclusive technology-services partner of The Walker Art Center. The Walker represents Atomic's largest partnership behind its contract with the Minnesota United soccer club.


Olympic swimmer Michael Phelps to talk mental health at Mpls. med-tech meeting

Michael Phelps will speak in April to the Medical Alley Association.

Mental health to take spotlight at Medical Alley Association meeting, with Phelps and Kennedy in fireside chat


Varde Partners raises $2.5B in 13th flagship-investment fund

Varde Partners CEO George Hicks

Minneapolis-based Varde Partners, one of the state's oldest and most active international private equity investors, has raised nearly $2.5 billion for its 13th "flagship" fund in 26 years.


Minnesota propane industry wades into electric school bus debate

The Minnesota propane industry wants the state to consider using the fuel as part of its energy-efficiency plan regarding schoolbuses.

The Minnesota Propane Association wants the administration of Gov. Tim Walz to consider liquid propane as an economical alternative to spending $4.7 million on electric-powered school buses from $47 million Minnesota gets from the national Volkswagen pollution-cheating scandal settlement.


SBA Minnesota District Director Nancy Libersky retires

Nancy Libersky

Nancy Libersky, a 30-year veteran and the first female Minnesota district director of the U.S. Small Business Administration (SBA), has retired after nine years.


Commentator: Business increasing wages more critical than charity

Andrew Ross Sorkin: Real charity doesn't come with a tax deduction.


Regis sells another 133 salons

Regis sells another 133 salons

Regis, which is trying to sell all of its corporate-owned salons, has sold 133 more.


LSS to sponsor Mpls January workshop for rental-property owners

Lutheran Social Service (LSS) of Minnesota, which partners with property owners to provide housing for once-homeless families, will offer a free workshop on addressing tenant issues, featuring two veteran attorneys, on Wednesday, Jan 8 from 8 a.m. to 9:30 a.m. at the Center for Changing Lives, 2400 Park Av. in Minneapolis..


Canadian firm buying controlling stake in Minneapolis' Dougherty Financial Group

Colliers International is buying a controlling interest of Dougherty Financial Services. CEO Mike Dougherty founded the firm 40 years ago.

Canada-based Colliers International plans to acquire an unspecified "controlling interest" in four subsidiaries of Minneapolis-based Dougherty Financial Group. The privately held firm was founded more than 40 years ago by CEO Mike Dougherty.


MN Chamber has concerns about slowing job growth

Owner Dan Digre of St. Paul manufactuer MISCO.

Minnesota job growth has slowed as business owners struggle to find and retain workers this year, according to Grow Minnesota, the 17-year Minnesota Chamber of Commerce that helps businesses expand locally or elsewhere in Minnesota.


Minneapolis-based Clinician Nexus gets $1.5M investment

Katrina Anderson, CEO of Clinician Nexus

Minneapolis-based Clinician Nexus raises $1.5 million in venture capital>


Sun Country joins other airlines in offering self-service kiosks at MSP

Sun Country now has self-service kiosks.

Passengers can now check-in for their flights at the Minneapolis-St. Paul International Airport using self-service kiosk machines, much like they can at most other U.S. airlines, rather than standing in long ticket counter lines.


Insite Software of Minneapolis sold to Episerver

Episerver of New Hampshire said it has acquired Minneapolis-based Insite Software for an unspecified amount in a private transaction.


HabitAware anti-compulsive behavior firm wins SBIR grant

HabitAware anti-compulsive behavior firm wins SBIR grant

HabitAware will design and test a novel wearable sensing system with new sensor technologies that can detect subtle movements associated with body-focused repetitive behaviors and can significantly improve detection accuracy of body-focused related behaviors.


Minnesota invests $412,515 into four expanding plants. Gains 35 new jobs

Minnesota DEED awards four businesses funds to help them expand in St. Cloud, Bloomington, Buffalo and Elk River.


Medical cannabis firm Vireo Health appears mellow about challenges

Medical cannabis firm Vireo Health appears mellow about challenges

The news that Minnesota's health commissioner has authorized expansion of medical marijuana to chronic pain and some eye conditions, can't hurt Vireo Health. The multistate cannabis grower, processor, retailer and owner of Minnesota Medical Solutions is trying to get scale in a tough trade.


Veteran Twin Cities nonprofit executive will take over as CEO of YWCA Minneapolis

Veteran Twin Cities nonprofit executive will take over as CEO of YWCA Minneapolis

Michelle Basham, a veteran nonprofit executive who founded a youth-homelessness agency at 19, will take over as CEO of YWCA Minneapolis in January.