Richard Copeland, owner and chairman of THOR Construction, Inc., based in Minneapolis, has been named the Minnesota Entrepreneurial Success of the Year by the U.S. Small Business Administration. The Entrepreneurial Success Award is selected from individuals who own and operate or who bear principal responsibility for operating a business. Nominees for this award must own or operate a business that initially was defined as “small” under the applicable SBA size standards, developed into a large business, and must have received SBA assistance to help the business grow. Jan Jordet, director of consulting and financing services at the Metropolitan Economic Development Association (MEDA), nominated Richard for this award. Richard is the founder and chairman of THOR Construction, founded in 1980. Continue Reading →
Is ‘Heritage Park fatigue’ causing City leaders to neglect the historic project? Or is a land grab underway?
By Charles Hallman
The Minneapolis City Council recently voted to begin foreclosure proceedings against properties in North Minneapolis’ Heritage Park, once billed as the most ambitious housing start-up in city history. A Black developer formerly praised by City officials for his investment in the project now worries that his losses may become someone else’s gain and the Black community will be the poorer for it. Minneapolis Community Planning and Economic Development Senior Project Coordinator Matt Goldstein said that the City’s action, which took place December 16, involves two loans totaling an estimated $2 million owed by Heritage Housing, LLC. “The foreclosure is only [about] those two loans,” he noted. Continue Reading →