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WHY the FUTURE of EATING IS in the BAG. * Commercial Banking with Minnesota Vision EXCLUSIVE: MAYOR JACOB FREY Q&A | HOW ALT ENERGY TRUMPED COAL | TOP STRATEGIC RETREATS JANUARY2018 tcbmag.com WHY THE FUTURE OF EATING IS IN THE BAG. * Commercial banking with Minnesota vision. Local expertise to help Minnesota businesses prosper. BMO Harris Commercial Bank is in Minnesota, with a banking team that has deep, statewide roots and expertise in a range of industries. Combined with our decades working locally, and supported by strong cross-border capabilities, we’re uniquely positioned to help companies uncover more possibilities here at home and all the places you do business. Phil Krump 612-293-7912 [email protected] bmoharris.com/commercial Banking products and services subject to bank and credit approval. BMO Harris Commercial Bank is a trade name used by BMO Harris Bank N.A. Member FDIC | JANUARY 2018 | 14 20 24 Making Money on Munchies TCB Q&A: Jacob Frey The “War on Coal” is Over Snacking is taking the place of dining, and several Minnesota An exclusive interview with Minneapolis’ new mayor on his early Utilities say market forces and new technology, not politics, have FEATURES companies are benefiting as a result. agenda and healing the city’s relationship with business. dethroned “King Coal.” By Burl Gilyard By Adam Platt By Don Jacobson 14 20 4 31 SPECIAL 49 4 3 ADVERTISING Commercial Real Estate | Co-working Starters Editor’s Note PLUS SECTIONS Grows Up > The Athletic appeals to hard-core sports fans Leadership tips from the pros, including Billie Jean Shared spaces are attracting freelancers in the > Higher-education debt levels off King and Peyton Manning 51 TRENDING Twin Cities, but they also are housing companies. > An entrepreneur’s race to save trucking By Dale Kurschner Milestones By Burl Gilyard > Nap pods among latest trend in office amenities Five Minnesota COMMENTARY 9 companies reach DEPARTMENTS 7 Planting Seeds key stages in their Concierge Patience: The essential nutrient businesses. Strategic Retreats By Rajiv Tandon By Melinda Nelson 57 10 Casino Resort 8 Performing Philanthropy Spotlight SPECIAL REGIONAL SECTION Plugged In Mothers and fathers know best Companies can bet Top networking opportunities By Sarah Lutman on Minnesota’s casino Innovative Duluth By Emily Sweeney resorts for winning A rich history of tackling challenges has 11 corporate meetings. developed generations of problem-solvers 12 It’s All Relative Health Beat Don’t allow family conflicts to fester 60 who are building a thriving community. > A potential treatment for brain cancer tumors By Tom Hubler Five Star Wealth See page 31. > Twin Cities named healthiest metro Managers > Meridian Behavioral Health expands 13 The top in their Explanation of Benefits field, based on 10 A simple approach to boosting employees’ health objective elgibility and By David Burda evaluation criteria. Corrections: In November’s “Family Business Awards,” New Market Bank Lakeville was misidentified. It is Lakeville’s oldest 95 Front Lines bank under continuous ownership. Lakeville Bank has also been under continuous ownership since its opening. Never waste a good crisis By Ravi Norman In December’s “100 People to Know,” the listing for Target executive Laysha Ward (Titans) contained outdated information about her role. She now leads external engagement for the Fortune 500 retailer as it enters new 96 geographic markets. Ward functions as Target’s liaison to local elected officials, corporate and community lead- Open Letter ers and store guests alike, introducing communities to its brand story and values. Big thank-you notes By Vance Opperman TWIN CITIES BUSINESS, Vol. 25, No. 5 © 2018 MSP Communications. The opinions of columnists are their own. Unsolicited manuscripts or artwork will not be returned unless accompanied by a self-addressed, stamped envelope. Telephone 612-339-7571. Fax 612-339- 5806. E-mail: [email protected]. TWIN CITIES BUSINESS (ISSN 1072-673X) is published monthly by MSP Communications, 220 S. Sixth St., Suite 500, Minneapolis, MN 55402-4507. Subscriptions available for $24.95 per year; foreign subscriptions, $169.00 per year; back issues, $10.00. To subscribe or change address, visit tcbmag.com/subscriptions.aspx. For back issue requests, contact [email protected] or 612-339-7571. Periodicals postage paid at St. Paul, MN, and at additional mailing offices. POSTMASTER: Send all UAA to CFS. (see DMM707.4.12.5); NON-POSTAL AND MILITARY FACILITIES: send address corrections to TWIN CITIES BUSINESS, Subscription Processing, P.O. Box 5846, Harlan, IA 51593. JANUARY 2018 tcbmag.com TWIN CITIES BUSINESS 1 vice 31st Year Twin Cities Business Magazine of Ser SVP/Owned Media Sure Stop Floor Safety Jayne Haugen Olson “your fast and dependable solution to any slippery floors and steps” Editor in Chief Publisher call 763 571-1769 Dale Kurschner Shelly Elmore We do saunas, locker rooms, shower [email protected] [email protected] rooms, pool decks, building entrances and Executive Editor Adam Platt [email protected] loading docks! Trending Editor Liz Fedor [email protected] www.surestop.com Associate Editor Kate LeRette [email protected] Senior Writer Burl Gilyard [email protected] Online & E-Newsletter Editor Sam Schaust [email protected] INDUSTRY EXPERTS Online & E-Newsletter Assistant Editor Jared Goyette [email protected] Northern Minnesota Correspondent Gene Rebeck [email protected] Copy Editors Judy Arginteanu [email protected] Ellen Burkhardt [email protected] Editorial Intern Emily Sweeney [email protected] Design Director Chris Winn [email protected] Account Director Traci Auger [email protected], 612-336-9214 Senior Account Manager Rian Heaslip [email protected], 612-336-9215 Senior Account Manager Andrea Shapiro [email protected], 612-336-9211 Marketing Associate Jessica Scheu [email protected], 612-373-9584 Events Coordinator Grace Famestad [email protected], 612-336-9288 Contributing Writers David Burda > Nancy Crotti> Suzy Frisch > Fran Howard > Tom Hubler > Don Jacobson > Sarah Lutman > Melinda Nelson > Ravi Norman > Tad Simons > Rajiv Tandon MSP Communications CEO & General Counsel SVP, Owned Media Jayne Haugen Olson Vance K. Opperman SVP, MSP-C Deborah Hopp CFO Charles F. Thell VP, Finance & Administration John Bienias COO Nathaniel Opperman VP, Project Management Frank Sisser President Gary Johnson VP, Client Strategy Kevin Dunn SVP, Operations Mary Authier The Sign of a Credit Manager Dave Gschlecht Assistant Network Administrator Office Manager Amy Coulombe Josh Krouze Senior Accountant Anne McPhillips Audience Development Director Great Conversation? Administrative Assistant Patty Mikres Bea Jaeger Production Manager Tim Dallum Audience Intelligence Director Production Supervisor Paul Marihart Linda Holm Production Associate Allison Cook Fulfillment Coordinator When one cup isn’t enough. Digital Prepress Group Valerie Asante > Steve Mathewson Audience Development Manager > Bill Sympson Carin Russell Great business relationships are not born overnight. They are Production Assistant J.J. Jaworski Audience Development Assistant Senior Web Developer David Waters Anna Buresh built on a level of trust that comes through a mutual understanding Web Developer Ricky Hannigan Creative Marketing Group of goals and objectives. Your CPA firm should know you and Mobile Application & E-Newsletter > Katie Shaw Developer Lauri Loveridge > Janice Hamilton your business, provide year-round attention, and adapt to meet Network Administrator Steve Swanson > Joy Wagner your needs. So how do you find that relationship? Contact Us The conversation starts here. To subscribe > tcbmag.com/subscribe > [email protected] > 612-339-7571 To change an address or renew > tcbmag.com/myaccount 651-255-9327 | [email protected] > [email protected] > 612-339-7571 For back issues or missing issues > [email protected] > 612-339-7571 For reprints, PDFs > [email protected] > 612-373-9584 For permission to copy > [email protected] > 612-336-9299 To make event reservations > [email protected] > 612-336-9288 To advertise > see account executive listings > or contact [email protected] > 612-373-9584 To submit a press release > [email protected] To pitch a story > see editorial staff listings or contact [email protected] > 612-336-9299 55 Fifth Street East, Suite 1400, St. Paul, MN 55101 | www.redpathcpas.com ©2017 Redpath and Company, Ltd. All Rights Reserved. Twin Cities Business is a publication of MSP Communications 220 S. 6th St., Suite 500, Minneapolis, MN 55402-4507 612-339-7571, fax 612-336-9220 2 TWIN CITIES BUSINESS tcbmag.com JANUARY 2018 Leadership Tips From a Couple of Pros From adversity to teamwork, a few comments from Billie Jean King and Peyton Manning. EDITOR’S NOTE very issue of Twin Cities Business showcases leaders ence. The greatest people in the world are totally committed across the state, whether from Fortune 500s, family to what they do. And they take breaks; self-awareness is very by Dale Kurschner businesses or early stage companies, and often important.” Eshares how they grapple with challenges, overcome adversity and continue to achieve. We hope their examples benefit you Peyton Manning as much as they do us, as we face our own challenges. On what makes a great team: “Our philosophy of A recent event offered more insight on the meaning of both organizations [Colts and Broncos] is we were going to success, and how to achieve it. EY’s annual Strategic Growth bring in guys who fit into our culture. And maybe they were Forum in November attracts about 2,000 of the nation’s not the fastest or the most talented, but they fit our team chem- top CEOs, entrepreneurs, advisors, investors and thought istry so that when we had tough spots, we didn’t have guys leaders. The forum, and the regional Entrepreneur of the blaming each other and pointing fingers. We stuck together, Year events that lead to it, remind us that the entrepreneurial and we dug ourselves out of that hole. That’s when you really spirit is essential everywhere, and can be especially crucial in find out what you’re made of. The best players I played established, large corporations as much as at scrappy start- with were certainly talented, [had a] tremendous work ups.
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