Minneapolis, MN
Hennepin Avenue businesses are hoping to see a boost
MINNEAPOLIS — Small businesses along one of Minneapolis’ busiest corridor struggled to stay open through this summer’s construction and some didn’t survive.
But there’s new hope along Hennepin now that the first phase of the Hennepin Avenue South reconstruction project wrapped up. This means the stretch between West Lake Street and West 26th Street is open once again.
8 months ago, Robert Sorenson was bracing for a major economic hit.
“It’s been extremely difficult,” Sorenson said.
The good news, Bobby Bead still stands though on shaky ground.
“It’s been a disaster for all businesses on this block,” Sorenson said.
Since construction began, Sorenson says his sales have plummeted by 90% forcing him to take out a loan just to keep the lights on.
Hoban Korean BBQ is also feeling the heat. Tarpeh says the lack of customers directly impacts his pockets as a server taking home about $500 less a paycheck since the construction began. But he’s banking on the reopening and customer support to help them bounce back.
Last year — Americans spent a whopping $17 billion on Small Business Saturday. A boost that these businesses say they need.
“Looking forward to business returning to normal,” Sorenson said.
The second phase of the project will reconstruct Hennepin Avenue from 26th Street to Douglas Avenue in 2025.
Minneapolis, MN
What is a data center?
What exactly is a data center and why are so many being proposed across Minnesota? Professor Manjeet Rege, chair of Software Engineering and Data Science and director of the Center for Applied Artificial Intelligence at the University of St. Thomas, joins us to explain how these massive facilities store and process the world’s data and what the economic, environmental, and infrastructure questions are as Minnesota considers hosting more of them.
Minneapolis, MN
Minneapolis Ranked Among U.S. Cities With The Most People In Financial Distress
MINNEAPOLIS — Minneapolis is ranked among the American cities with the most people in financial distress nationwide, according to a recent analysis by WalletHub.
The personal finance website, which defines financial distress as having a credit account in forbearance or with deferred payments, looked at the country’s 100 largest cities without data limitations across nine metrics, including average credit score, change in bankruptcy filings year-over-year, and share of people with accounts in distress.
Minneapolis came in 44th on the list, between Stockton, California, at 43rd and Fresno, California, at 45th, according to the ranking.
Nationwide, the cities with the most people in financial distress were Chicago at No. 1, Houston at No. 2 and Las Vegas at No. 3, the ranking said.
“Getting out of the downward spiral of financial distress is no easy feat,” according to WalletHub analyst Chip Lupo.
“You may get temporary relief from your lenders by not having to make payments, but all the while interest will keep building up, making the debt even harder to pay off. People who find themselves in financial distress should budget carefully, cut non-essential expenses, and pursue strategies like debt consolidation or debt management to get their situation under control.”
Read more from WalletHub.
Minneapolis, MN
Whitefish council creates proclamation in solidarity with city, citizens of Minneapolis
WHITEFISH, Mont. — The Whitefish City Council in February presented and signed a proclamation expressing solidarity with the city and citizens of Minneapolis.
The proclamation states that Whitefish mourns the loss of life that occurred in Minneapolis and stands in solidarity with its residents.
It reaffirms the city’s commitment to equal treatment under the law and emphasizes that peaceful protest is a fundamental American right.
The proclamation was supported by five of the six council members.
Mayor John Muhlfeld said the action was meant to reaffirm the city’s values.
“A mayoral proclamation that is supported by five of six City Council members supporting solidarity with the city and citizens of Minneapolis, Minnesota, and reaffirming our supportive, just, equal and welcoming community,” Muhlfeld said. “I think this is somewhat overdue. Our town’s been through a lot over the years, This is more importantly to reaffirm our values as a council with our community because we care deeply about you.”
Over the last year, Whitefish has faced criticism amid rising tensions surrounding the Department of Homeland Security.
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View the full proclamation below.
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