All in Business and Economics

The Bars of Northeast Minneapolis

I'm fascinated by the way cities used to look, with the corner grocery store, hardware store, restaurant, and of course bar, tucked into neighborhoods, spaced  about a mile apart. The resident of the 1920's city could walk to get everything they needed or take a trolley if they needed something just a little bit further. Peppered throughout my neighborhood in Northeast, Minneapolis are dozens of small two story buildings, but most have been converted into apartments. There are several though that have maintained their original use, the buildings with first floor bars.

Breweries Are Taking Over

Whenever the topic of breweries is brought up, I always hear "when are we going to finally over saturate the market with breweries?" While it may seem like there are a lot, the market share of local craft beer sold pales in comparison to national conglomerates. Only 12 percent of the market is craft beer with two companies holding 50% of the total beer market. There are two factors that have spurred the rise in local breweries over the last decade though: consumer taste and government regulation.