Staff Directory 6370513

Evan Ramstad

Columnist | Business
Phone: 612-673-4241

Evan Ramstad is a Star Tribune business columnist.


He moved to the Twin Cities and joined the Star Tribune in 2013. Ramstad previously worked for The Wall Street Journal in Seoul, Hong Kong and Dallas, and the Associated Press in New York, Washington and Dallas and briefly at the St. Paul Pioneer Press. He grew up in Grinnell, Iowa, where he got a start in journalism at radio station KGRN.
Recent content from Evan Ramstad
Gov. Tim Walz, shown in December, proposes a two-year state budget that slows spending on the two biggest things the state spends on — health care f

Ramstad: Walz tries to slow runaway spending, moving to political middle

Governor takes criticism from all sides for trying to slow spending growth on Medicaid and special education.
People lined up to get into the Mystic Lake Casino in Shakopee, Minn., on Tuesday, May 26, 2020 on the first day it reopened after COVID-19 shut it do

Ramstad: Sorry, Minnesota still doesn't need sports betting

Each year Minnesota waits, more evidence builds about the harms of gambling apps.
Grocers around the Twin Cities are putting up signs on egg displays like this to explain why the staple good is in short supply and so expensive.

Ramstad: Bird flu, drought boost prices of eggs and beef, but farm economy remains strong

Farmers have done well since the pandemic, though their incomes are coming back down from record heights.
House GOP leader Rep. Lisa Demuth at a press conference at the Minnesota State Capitol last week.

Ramstad: With Legislature in chaos, at least lawmakers won't raise taxes

That's because of uncertainty on tax policy in Washington and a projected budget surplus in 2025.
U.S. Steel's Edgar Thomson Plant in Braddock, Penn., is also known as the Mon Valley Works and is one of the key assets of a company that once dominat

Ramstad: U.S. Steel should have gone to Nippon. Blocking the deal will harm Minnesota's Iron Range

The Japanese company offered the best hope for the U.S. Steel mills that consume Minnesota iron ore.
Eric Dayton, founder of Cold Climate, a provider of technology to help companies comply with environmental regulations and reach sustainability goals.

Ramstad: Eric Dayton's new venture takes up where Askov Finlayson left off

After a decade in environmentally minded retail, Dayton's new firm helps businesses comply with sustainability goals and rules.
Declining fertility rates. File photo dated 23/01/16 of a baby holding the finger of its mother. Declining fertility rates around the world are leadin

Ramstad: It's not just Minnesota — the whole world is growing more slowly

As population growth slows, state will have to rely on productivity improvements and better development of natural and intellectual resources.
President-elect Donald Trump and Melania Trump, the incoming first lady, pose for photographs on the floor of the New York Stock Exchange on Dec. 12.

Ramstad: Investors are betting they will control Trump's worst tendencies

Participants in our Investors Roundtable believe Trump will bend on economy-slowing ideas like deportations and tariffs.
Daniel Johnson Jr., founder and chief designer at Levels LLC, in his store at The Mall of America. The Minneapolis-based fashion designer chooses the

Ramstad: Minnesota designer looks to streets in America and China to stay on fashion's edge

Levels emerged as a fashion brand after the George Floyd protests, adopting a high-quality, low-price formula to stand out at Mall of America.
Elon Musk and Vivek Ramaswamy have been tapped by President-elect Donald Trump to lead a commission tasked with cutting costs and reducing the size of

Ramstad: Let's create more modest expectations about reining in federal spending

Elon Musk and Vivek Ramaswamy propose cutting $2 trillion in spending from the federal budget. Here's how to understand some really big numbers.
Canvas, a new apartment complex in northeast Minneapolis, features 161 units at affordable rents for families who make 60% of area median income.

Ramstad: It's not easy building affordable apartments in the Twin Cities. These developers got it done.

Broadway Street Development overcame hurdles that illustrate the broader challenge of building housing in Minnesota these days.
Fencing was erected around the entrances and parking lot of UnitedHealthcare's Minnetonka offices over the weekend.

Ramstad: Anger and debate over health care will continue after Thompson's alleged killer is jailed

Insurer's leader spoke internally about the criticism directed at the company. A civil debate is needed in public — someday.
john a. powell, professor at the University of California-Berkeley Law School and author of a new book on bridging differences in society and business

Ramstad: Longtime Twin Cities civil rights figure implores us to be curious, not divisive

For decades, lawyer and scholar john a. powell has been quietly influencing the civil rights scene in the Twin Cities.
Investigators outside the New York Hilton Midtown, where Brian Thompson, the chief executive of Minnetonka-based UnitedHealthcare, was fatally shot on

Ramstad: Murder of UnitedHealth exec incites anger — not at the killer, but at him and the company

The lack of empathy over the shooting of a Minnesota executive is emblematic of a new norm in the national conversation. It also shows a sense of powerlessness over health care, one of the most important services in their life.
Gov. Tim Walz addresses the media after State Budget Commissioner Erin Campbell, State Economist Anthony Becker and state Budget Director Ahna Minge p

Ramstad: Budget, political constraints signal big fight ahead in Minnesota

Who's got the power? It's one thing to have it when there's lots of money around and a much different thing when money is constrained.
Readers showed a lot of interest in doctors who have stepped out of health care systems to launch direct primary care clinics.

Ramstad: Readers praise idea for insurance-free doctor's offices in Minnesota

Though it may sound old fashioned, paying doctors directly for care could offer a path to lower out-of-pocket spending — if there are enough doctors to provide the care.
Sun Country Airlines CEO Jude Bricker, inside the company's hanger at Minneapolis-St. Paul International Airport last week. Since becoming the company

Ramstad: How Sun Country quietly became one of the most profitable airlines in the country

Don't let the low fares fool you. The Minneapolis-based airline has a business model that works.
Bremer Financial CEO Jeanne Crain, center, listened to Ramsey County District Judge Robert Awsumb during a hearing in October 2021. She was testifying

Ramstad: Bremer Bank execs said for years they couldn't sell it. Then they did.

A storied St. Paul bank comes to an inglorious end because of misguided executives and misplaced pride.
Mark Sheahan, chief executive of Graco Inc., at the opening of the company's new distribution center in Dayton in June.

Ramstad: Investors focused on AI and flashy tech may overlook important innovation

Two of Minnesota's oldest industrial companies — Graco and Tennant — show innovation is everywhere.
Penny Hunt and Marcia Townley, co-founders of Mill City Commons, stand outside Elsie's, the restaurant in northeast Minneapolis where the retiree grou

Ramstad: Bonding in retirement, Mill City Commons members help revitalize downtown Minneapolis

Downtown Minneapolis' residential revival was driven in part by retirees. Hundreds joined Mill City Commons to support each other.
State GOP Chair David Hann greets Rep. House Minority Leader Lisa Demuth, R-Cold Spring, at a watch party on election night last week.

Ramstad: Minnesota will be a swing state in the 2028 election

A key influence will be whether Minnesotans like paid family medical leave when it starts in 2026.
Sir Michael Barber, an adviser to British Prime Minister Keir Starmer, for more than 20 years has been helping the U.K. government and others become m

Ramstad: How a British education expert showed governments can be run better

The spotlight shines on how policies are made, but implementation is the harder job.
President-elect Donald Trump and running mate JD Vance at their only Minnesota campaign rally, in St. Cloud on July 27.

Ramstad: Trump's plans may slow an already sluggish Minnesota economy

His vow to deport illegal immigrants will hurt a workforce that is smaller than it was when he was last president. And his tariffs could hurt farmers, retailers and consumers.
Dr. Laura Slings, right, and her husband Steve opened True North Direct Primary Care in White Bear Lake early this year. They charge a flat monthly fe

Ramstad: The Minnesota doctor's offices where you don't need insurance

A dozen or so physicians in the Twin Cities now offer direct primary care, paid in cash without insurance involved.
A view on recent weekday afternoon on the main street in Browns Valley, Minnesota, a town of 500 people on the border with South Dakota.

Ramstad: On election's eve, inflation pinches Minnesota's fastest-shrinking county hard

On the state's western border, Traverse County has lost more than 6% of its people since 2020. Those who remain share the burden of inflation on schools and other civic needs.
With Mayo Clinic on the verge of a massive expansion, Third Street SW. is under construction in downtown Rochester in front of several Mayo buildings.

Ramstad: On election's eve, housing is the big issue in fast-growing Rochester

With Mayo Clinic expanding greatly, leaders in Rochester and Olmsted County try to balance speed and costs.
United States Steel Corp. plans to temporarily idle part of its Minntac plant in Mountain Iron, Minn. on June 1. ] BRIAN PETERSON ï brianp@startr

Ramstad: Iron Range watches closely as U.S. Steel deal runs into economic nationalism

Antitrust measures will have to come into play if the Minnesota mines wind up in the hands of one company.
The U.S. Treasury Department building in Washington.

Ramstad: Inflation jitters jump again as bond investors focus on rising U.S. deficit

Bond market signals that government needs to tap the brakes on spending and tax-cutting.
Strangely, our columnist says, the intense focus on fairness may keep Minnesota from becoming a fairer place.

Ramstad: Everyone wants fairness in Minnesota, but arguments about it can block progress

Readers react to the series on the Minnesota Paradox.
Stanley Gomel, 14, a veteran of Ninja Warrior-style training for the past 8 years, flew through the competition course at Ninjas United in Maple Grove

Ramstad: Not just for birthdays, 'dynamic' ninja gyms grow in popularity

Since the pandemic, a young Twin Cities couple quadrupled the size of a specialty gym in Maple Grove.
CherryRoad Media has purchased or started 12 community newspapers in Minnesota since 2020. They are printed at this plant it recently purchased in Sla

Ramstad: Decline of local news in Minnesota is turning around a bit

For every two local news outlets that shut down in the state, a new one emerges.
Lt. Gov. Peggy Flanagan speaks to Minnesota delegates at their welcome reception the evening before the Democratic National Convention on Aug. 18, 202

Ramstad: Accountability is a merry-go-round for politicians

The U.S. election may turn on whether voters decide to hold Donald Trump accountabe for Jan. 6 or Kamala Harris for inflation.
One of the three new houses in Tower, Minn., built in just a month or so from kits that were sent from Norway as part of a new development project in

Ramstad: Slow-growing Minnesota avoids recession, readers defend environment

Readers react to recent columns; a former governor points a finger at college presidents.
Republican presidential nominee former President Donald Trump stood near John Deere equipment in Smithton, Pa., on Sept. 23 when he threatened to slap

Ramstad: Trump, Harris envision big role in the economy, but avoid details and contradictions

For Trump on tariffs, Harris on housing, contradictions abound and aren't likely to be cleared up before you vote.
Light and dark arrows pointing in opposite directions over a file photo of white and black school children in the 1950s.

Ramstad: Solving the Minnesota Paradox will take a whole different discussion on race

Minnesota's schools will need to desegregate, more housing will need to be built and even basic assumptions about one another have to change.
Ed Bastian, chief executive of Delta Air Lines, and Brian Ryks, executive director of the Metropolitan Airports Commission, after the State of the Air

Ramstad: Delta's business travel at MSP is back after climbing out of pandemic, CEO Bastian says

Overall traffic at MSP is about 6% below its pre-pandemic level.
Federal Reserve Board Chairman Jerome Powell at the Federal Reserve in Washington last Wednesday after policymakers decided to lower the nation's key

Ramstad: Some 50-year-old economic theories born in Minnesota just proved out

Economists here came up with the concept of "rational expectations" that appear to have helped the U.S. cut inflation without a surge in unemployment.
Minnesotans enroll in Medicare Advantage plans at higher than the national average. The business is going through major changes this year.

Ramstad: Get ready seniors, Medicare enrollment may be wild this fall

Choosing a Medicare plan is a big moment every year for seniors. This year holds special challenges.
Denishia Moore, with a picture of herself in the background on Wednesday, owns a modeling school and belongs to the Lions Club in Osseo.

Ramstad: 'X-factor' in unraveling Minnesota Paradox is building friendships across racial lines

Economists call it 'social capital' and it plays a big role in overall well-being.
Nathan Grawe, economics professor at Carleton College and author of two books on demographic change and higher education.

Ramstad: Financial aid crisis ends, but shrinking market looms for Minnesota colleges

Carleton economist says colleges can insulate themselves from demographic cliff by retaining more students.
Former president Donald Trump and Vice President Kamala Harris will meet for the first time in their presidential debate in Philadelphia on Tuesday.

Ramstad: 9 questions about Minnesota's economy for Harris, Trump

They may be running to lead the nation, but imagine if they only talked about Minnesota.
Vice President Kamala Harris and former President Donald Trump.

Ramstad: Trump, Harris miss the main point on the economy

Trump's promise to deport workers would spark a recession and likely reignite inflation.
Dr. Joseph Lee, chief executive of the Hazelden Betty Ford Foundation, outside the institution's original home in St. Paul in August.

Ramstad: At Hazelden Betty Ford, the expectation is to be the best

The language of recovery is everywhere, but the funding for mental health care is not.
Isabella Rhawie, interim vice president for revenue development for the Metropolitan Airports Commission, near shops and restaurants in Terminal 2 tha

Ramstad: Speed is key as MSP Airport seeks new restaurant and shop owners

Some will need a connection to a national brand. All will need to know how to keep lines moving.
During a turnaround at Pine Bend Refinery, thousands of contract workers join employees of Flint Hills Resources in the shutdown and maintenance of op

Ramstad: At Minnesota's largest refinery, workers prevented a shutdown at vulnerable moment

A breakdown during a big maintenance event tested the skills of thousands of engineers and trades professionals last fall.
Auden Skattebo, CEO of Norway-based Tinde Hytter, and Orlyn Kringstad stand beside a home designed, built in parts and shipped from Norway. It is one

Ramstad: In Tower, a vision to quickly build sustainable homes turns real

Last week, carpenters from Norway showed Minnesota carpenters how to quickly assemble cottages on a channel to Lake Vermilion.
A fight over where to place affordable housing continues to rage in the Twin Cities. It boils down to segregation vs. integration.

Ramstad: Minnesota needs affordable housing to be available in more places

A fight over where to place affordable housing continues to rage in the Twin Cities. It boils down to segregation vs. integration.
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Ramstad: Walz, Suni can reach millions, so why is it so hard for businesses?

Digital platforms have soaked up so much data on consumers they have made it too hard for marketers to precisely reach their targets.
Abundant free-market choice in schools has led to racial segregation across the Twin Cities.

Ramstad: We are choosing to separate by race in Twin Cities schools

Many schools in the metro area are dominated by students of a single race, just as parents chose.
Vice presidential candidates Sen. JD Vance of Ohio, left, and Gov. Tim Walz of Minnesota, right, in a composite of two photos.

Ramstad: Walz, Vance align on some economic ideas, tapping into mood of failed American dreams

Harris is certain to agree with Walz, while Trump is unpredictable as Vance pushes GOP in new direction.
Light and dark arrows pointing in opposite directions over a file photo of white and black school children in the 1950s.

Ramstad: Fixing the 'Minnesota Paradox' is not just moral, it's an economic imperative

Minnesota became one of the most prosperous states in the country, but in an uneven way. That's a challenge because the state's future growth depends on people who were left behind historically.
Minnesota consumers and the overall economy are under pressure from high interest rates, though the labor scene is strong. In this photo, Brian Lubahn

Ramstad: Getting Minnesota's numbers straight as spotlight hits Walz, Fed nears rate cut

The economy is always a mixed bag, but Minnesota's is in a slightly unusual place at the moment.
U.S. Rep. Pete Stauber accepted an endorsement from International Union of Operating Engineers Local 49 during an event at the Seafarers Center in Dul

Ramstad: Who's got the real power? Trump or the unions?

Working people are already part of Donald Trump's base. The unions are flexing their muscle.
President Joe Biden, who announced on Sunday he would end his re-election campaign, exits the stage during the NATO Summit in Washington earlier this

Ramstad: Biden, Trump show how hard it is to let go of power, identity

The decision to retire is the closest most people will get to how Biden feels.
The campaign rally site in Butler, Pa., after it was evacuated following the assassination attempt on former President Donald Trump on Saturday.

Ramstad: In a chaotic moment, Americans still have power over what's next

Sharon McMahon, nicknamed "America's Government Teacher," describes the power of choosing hope.
On the left side of this Iowa field, a derecho blew down traditional tall corn in August 2020. On the right side, short-stature corn from Stine Seeds

Ramstad: In a big change to nation's corn, you might soon see shorter stalks

Shorter corn planted closer together changes the math for farmers and provides a hedge against storms.
Human progress can harm the environment, but that very same progress creates wealth to make the environment better. File photo of a barge carrying gra

Ramstad: Human progress is not the enemy of the planet

The notion of a tradeoff between the environment and prosperity is becoming outdated.
Former President Donald Trump speaking during the first 2024 presidential election debate with President Joe Biden last Thursday.

Ramstad: What Trump's re-election would mean for Minnesota's economy

He doesn't see that Minnesota and the Midwest are slumping.
FILE - This Feb. 16, 2017 file photo shows newborn babies in the nursery of a postpartum recovery center in upstate New York. According to a governmen

Ramstad: Readers say Minnesota needs 'reasonable' growth, more babies and the Twin Cities connected

Our columnist is always surprised there's even a debate about growth.
Gov. Tim Walz, Bill English and Devean George at the groundbreaking event for George Modular Systems in Minneapolis on June 18.

Ramstad: Devean George's new factory isn't just a feel-good project

George Modular will be at the leading edge of construction methods.
House Speaker Melissa Hortman, DFL-Brooklyn Park, at the dais near the end of the 2024 legislative session.

Ramstad: It's easier to assess a for-profit business than Minnesota's government

Accountability can be a bit dodgy, as the state has shown in recent weeks.
Anoka has been the home of Federal ammunition for more than 100 years.

Ramstad: Alarm over foreign buyers of Minnesota businesses has become excessive

Election-year politics add drama to deals.
South Koreans on lunch break one afternoon last month enjoyed Cheonggyecheon, a park on a stream that cuts through the heart of Seoul. The country has

Ramstad: Minnesota needs to work on its slow growth future now. Just ask South Korea

On a trip to Asia, our columnist meets people who wish they'd acted sooner on the demographic slowdown.
The water tower in Kennedy, Minn., was frozen and damaged in 2017, leaving the small town to rely on ground-level supply from a rural system. Town off

Ramstad: Minnesota should be impolite, call a special session and pass a bonding bill

Minnesota legislators seem to have forgotten their first job is to make the state run.
Minnesota State Economist Laura Kalambokidis will step down on June 30 after 11 years in the role

Ramstad: After 11 years as Minnesota's state economist, Kalambokidis leaves the post

She learned a lot by working with people who make big decisions about money.
Ramstad: Amid high interest rates, dividend investing back en vogue

Ramstad: Amid high interest rates, dividend investing back en vogue

Interest rates aren't going back to ultralow levels, which means companies paying dividends have an edge attracting investors.
Renderings of proposal to turn Interstate 94 between the downtowns of Minneapolis and St. Paul into a boulevard.

Ramstad: Cutting out I-94 seems fantastical, especially in slow-to-grow St. Paul

It could happen, though, and that would change the metro economy massively.
Rebecca Bergman has been president of Gustavus Adolphus College in St. Peter, Minn., since 2014. She will retire next year.

Ramstad: Gustavus president Bergman calls aid glitch a 'massive disruption'

While attention focused on Gaza protests, colleges don't know who will be enrolled this fall.
Minnetonka Mayor Brad Wiersum, visible on the screen and in the middle of the dais, spoke shortly before the Minnetonka City Council on Monday night a

Ramstad: Minnetonka council meeting shows compromise on affordable housing is possible

Making change in an old neighborhood takes tough negotiating and thick skin.
Jerome Riley networks and gets some mentorship from a U.S. Bank representative during the annual People of Color Career Fair at the Minneapolis Conven

Ramstad: In a tight labor market, job fairs have changed to find people on the margins

Organizers are trying to help people who have been on the margins of the labor market, as demand for workers remains high.
Minnesota welcomes you sign at the state border

Ramstad: Minnesota demographer takes deeper look at migration, workforce pressure

Every business owner and executive should read it to understand the consumption, labor trends.
In this file photo, a COVID-19 patient uses the touch screen of a health care robot at 'Ospedale di Circolo' hospital, in Varese, Italy on Wednesday,

Ramstad: Health care is a tough arena for AI to make a difference

AI models are meeting their match with the complexity of how people take care of themselves.
Retirees are not moving to Minnesota "like crazy," a conclusion our columnist drew by using Census data in the wrong way. About 3,700 retirees left th

Ramstad: Misinterpreting data led me to the wrong conclusion about Minnesota retirees

My misreading undermined and distracted from my main point about fewer working-age Minnesotans.
A 219-unit apartment complex is under construction on the site of the former YMCA near downtown Rochester. The project, called First & Banks, is being

Ramstad: How Rochester is keeping its housing growth on track

Most places in Minnesota are in dire need of more housing. The state's fastest-growing city updated its zoning code to help meet demand.
It's tax time as the deadline arrives for filing 2023 income tax returns.

Ramstad: Think retired people are leaving Minnesota? Think again.

It's a myth that Minnesota is losing retirees because of weather and high taxes. They're responsible for our population growth these days.