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
One of Detroit's leading development firms, along with General Motors, propose tearing down two of the five towers at Renaissance Center, an office co

Ramstad: We have too much commercial office space. It's time to consider tearing down some towers

We have too much office space and not enough places to live, especially in our downtowns.
Nena Rivas, fashion designer and owner of Nena's Atelier in Oakdale, helps Amiralis Gonzalez with a sewing project. Rivas holds classes at her worksho

Ramstad: This Twin Cities bridal designer started a side hustle to cope with business ups and downs

The spotlight is on the Federal Reserve today, but everyone in business is facing greater uncertainty now.
Christine Ward and Rick Haase, the owners of Patina Stores, had to start online sales, carryout orders and deliveries in 2020.

Ramstad: Pandemic forced tough choices between health and money

There were no optimal outcomes. But there was also a lot of good work, and change that made sense.
Highland Bridge has not been fully developed in St. Paul. Strict rent control policies in St. Paul has led to a slow down in construction.

Ramstad: As Trump begins a terrible mistake, St. Paul starts to correct one

When politics and economics cross, some cures are worse than the disease.
Andrea Sanow, Garrett Backes, and Henry Jiménez, leaders of Propel Nonprofits, a Minneapolis organization that received an $8 million donation from M

Ramstad: As MacKenzie Scott doles out Amazon fortune, Minnesota charities juggle windfall

In five years, she has given $200 million in the state and $19 billion around the country.
The Dundry House, a 25-unit affordable housing apartment building at 1829 5th Ave S, was demolished in May 2024 after being vandalized and burned. Its

Ramstad: Security, other costs hamper Minnesota affordable-housing owners

Some owners are selling affordable units to help their souring financial situations.
Elon Musk and President Donald Trump, shown on the campaign trail in October, wield great power over government spending.

Ramstad: Trump's risky economic plans assume it'll be worth it, but Minnesotans will first feel pain

Minnesota's state budget outlook this week will be less certain than usual because of swift changes on the federal level.
Owners Dan and Hope Wixon, right, talk with customers Jim and Sue Williams from Lake Elmo at Wixon Jewelers in Bloomington on Tuesday. Wixon Jewelers

Ramstad: Wixon Jewelers, a destination for luxury, celebrations and petting dogs, is closing

Dan and Hope Wixon are retiring, and the dynamics of the jewelry world made it impossible for someone else to buy the business.
Suzanne Blazek, right, of Pine Island, Minn., looking back at documentary cameraman Kieran Kolle as she began the bike ride stage of the Norseman tria

Ramstad: Minnesotan who completed world's hardest triathlon says we all 'have capacity to do great things'

Norseman finisher Susanne Blazek, a behavioral scientist in Pine Island, Minn., has learned how to drive herself and others to do difficult things.
Minneapolis-based Target has garnered widespread attention for its recent decisions on policies around diversity, equity and inclusion.

Ramstad: Readers sound off on Target, Trump and DEI

The culture war seems to dominate President Donald Trump's agenda at the moment.
Gina Norling, head of high performance computing at Advanced Micro Devices, with El Capitan, currently the world's most powerful supercomputer.

Ramstad: China's AI star DeepSeek shook basic patterns of high tech

The previous exception to this pattern — supercomputing. Minnesota remains home to many who routinely push boundaries in software and hardware.
Chad Dunkley, CEO of New Horizons Academy, and Jean Deshler, mayor of Crystal, cut a ceremonial ribbon for the opening of a new child care center in C

Ramstad: Crystal's new child care center a direct, and positive, result of '23 Minnesota Legislature

With more parents being ordered back to offices, there are signs the metro's child care centers are ready for their kids.
Piper Sandler bond chief Jeremy Goebel at his desk on the trading floor Tuesday, Feb. 4.

Ramstad: Inside Piper Sandler's bond desk, a small-town firefighter shapes the world

The bond market scares economic policymakers even more than the stock market.
573501685

Ramstad: Bremer Bank's value collapsed, but execs still score big payouts in sale

For five years, Bremer Bank executives criticized the paychecks collected by their trustees. Now those bank leaders will get far more money than the trustees they savaged.
President Donald Trump, signing executive orders in the Oval Office of the White House on Jan. 20, 2025.

Ramstad: After Trump's threats, can you blame Target for giving up on DEI?

While there were excesses and elements of unfairness with DEI, the campaign against it looks vindictive.
Jon Pratt, co-founder of the Philanthropy Project, made a career helping foundations and non-profit organizations be efficient and remain focused on s

Ramstad: Donor-advised funds are growing. But if you have one, you should shrink it.

The point of a DAF is to put money in the hands of charities, not grow it like another investment account.
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.
573511823

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.