Business & Economy

Pearson's Candy Co. will close its St. Paul plant at 2140 W. 7th St. on Sept. 28, 2026, laying off about 80 workers, a WARN notice shows. FOX 9

Minnesota Attorney General Keith Ellison has reached a settlement that orders Blaine-based MN Fundraising Initiative to stop operating in Minnesota and to dissolve. FOX 9

The landlord of the historic St. Paul Athletic Club building has filed for bankruptcy protection to restructure its debt, putting the downtown commercial property into court-supervised reorganization while it remains open. Bizjournals

Legacy Investing has acquired the former Star Tribune Heritage printing facility campus in Minneapolis' North Loop and plans to convert the site into a large urban data center. Bizjournals

Boston Scientific lowered its 2026 organic net sales growth outlook to 5-6% and announced a restructuring designed to cut about $500 million in annual costs. Business Journal

Osso Capital, a New York private equity real estate firm, bought the 336-unit Twelve 501 Apartments in Burnsville, marking the firm's entry into the Minnesota market. Minneapolis / St. Paul Business Journal

Scott and Angel Hill of Plymouth were charged with six felony counts of failing to file individual returns and six felony counts of failing to pay individual income tax, prosecutors said. FOX 9

Four men have pleaded guilty in Minnesota to a scheme that bilked Medicaid of about $2.25 million by billing housing services under the company name Brilliant Minds. Alphanews

Twin Cities property managers said Friday they are stepping up leasing-office safety measures and backing faster eviction tools after a triple homicide at a St. Paul apartment complex that left three leasing employees dead. Minneapolis / St. Paul Business Journal

The City of Shakopee revoked the license of a local hotel and ordered it to shut down, citing repeated police calls and two deaths tied to an adult-themed event. Bizjournals

Muhammad Abdulqadir Omar pleaded guilty in federal court to conspiracy to commit health care fraud, admitting he and a co-defendant fraudulently obtained millions from Minnesota's Medicaid Housing Stabilization program. FOX 9

Abdiaziz Shafii Farah was sentenced to 10 years in prison for attempting to bribe a juror, to run consecutive to his 28-year Feeding Our Future fraud term for a total of 38 years behind bars. FOX 9

Minnesota will implement multiple new laws on Aug. 1 that ban "nudify" image software, require payment transparency in public contracting, broaden virtual-currency custody and change food-bank and veterinary rules. FOX 9

UBS will leave its namesake UBS Plaza in downtown St. Paul when its lease expires in mid-2028 and consolidate Minnesota offices into new space in Edina. Minneapolis / St. Paul Business Journal

SmartAsset ranked the Minneapolis-St. Paul-Bloomington metro the eighth most expensive of 48 large U.S. metropolitan areas to raise a child in 2026. FOX 9

Federal authorities have halted more than $1 billion in federal Medicaid funding to California and Minnesota, tying the move to fraud and program-integrity concerns and leaving Minnesota with hundreds of millions in lost funds. Minnesota Reformer

Costco has bought the former TGI Fridays at 12519 Riverdale Blvd. in Coon Rapids for $5.5 million to relocate and expand its fuel station. Minneapolis / St. Paul Business Journal

Minnesota added 13,200 jobs in June 2026, marking the state's third straight month of job growth, state officials reported. FOX 9

Housing inventory and home sales in the Twin Cities climbed in June 2026, with pending sales and new listings rising and statewide inventory hitting a seven-year high. FOX 9

Sun Country Airlines will cut 58 routes from its fall schedule out of Minneapolis-Saint Paul International Airport, shrinking leisure service as the carrier reallocates pilots. Minneapolis / St. Paul Business Journal

Pentair cut its 2026 revenue outlook and said CFO Nick Brazis has resigned after roughly four months, with former CFO Bob Fishman returning as interim chief. Minneapolis / St. Paul Business Journal

Minnesota will receive $514,871 from consumer genetics firm 23andMe as part of an $18 million multistate recovery tied to the company's bankruptcy over a 2023 data breach. FOX 9

Osseo residents blasted a proposed $4 million, 20-year tax abatement to help fund a city-owned cannabis dispensary and brewery at a Thursday night town hall, and the council chose to revisit the plan rather than approve it. FOX 9

Jillaine Mertens pleaded guilty in U.S. District Court to one count of wire fraud after admitting she stole $426,382 from Minnesota's Great Start Compensation Support Payment Program. FOX 9

CVS agreed to pay Minnesota more than $850,000 as part of a national $36.5 million settlement over alleged Medicaid insulin billing fraud. FOX 9

Minnesota jumped to No. 5 in CNBC's 2026 Top States for Business ranking, a five-spot rise that state leaders say strengthens the case for jobs and investment. Business Journal

Hennepin Technical College in Brooklyn Park began offering Workforce Pell Grant-eligible short-term programs on July 1, 2026, making it one of only two Minnesota colleges to do so. FOX 9

About 75,000 Minnesotans have been approved for payments from the statewide paid family and medical leave program during its first six months of operation. FOX 9

Workers at the Starbucks at 50th Street and France Avenue in Edina voted 9-6 to unionize with Starbucks Workers United. Minneapolis / St. Paul Business Journal

Mustafa Jama, 48, is set to be sentenced Wednesday at 2 p.m. at the federal courthouse in Minneapolis for his role in the Feeding Our Future fraud scheme. FOX 9

Nurses at Allina Health staged a one-day strike at Twin Cities hospitals and clinics, pressing stalled contract talks and prompting the system to activate contingency staffing plans. FOX 9