ICE Raids Hit Minneapolis Firms, Big Corporations Silent

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TrustFinance Global Insights

Jan 16, 2026

2 min read

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ICE Raids Hit Minneapolis Firms, Big Corporations Silent

Main Idea Summary

Increased U.S. Immigration and Customs Enforcement (ICE) operations in Minneapolis are severely impacting small, local businesses, particularly in Latino communities, while major Fortune 500 corporations based in the city have remained publicly silent on the matter.

Situational Overview

Small businesses along Lake Street in south Minneapolis have visibly protested by hanging “No ICE” signs and altering operations due to fear of raids. This response follows frequent federal actions and protests. In stark contrast, major Minnesota-based companies such as Target, UnitedHealth, and General Mills have not issued public statements regarding the enforcement actions, a departure from their vocal stances on previous social issues.

Economic and Market Impact

The crackdown is affecting the $350 billion regional economy. Business associations report sales declines at small enterprises and decreased attendance at larger companies. The disruption impacts the entire economic chain, from sole proprietors to major corporations, creating operational uncertainty and affecting workforce stability. One incident involved two U.S. citizen Target workers being detained by ICE agents.

Conclusion

The ongoing federal enforcement creates significant economic uncertainty for Minneapolis businesses. The silence from corporate giants raises questions among experts about their community responsibilities, especially concerning employee well-being. The long-term impact will depend on the duration of the operations and the response from the broader business community.

FAQ

Q: How are small businesses in Minneapolis reacting to the ICE raids?
A: Many are reducing operating hours, increasing security measures, and publicly protesting with signs to protect their staff and customers.

Q: Why have large corporations remained silent on the issue?
A: The report suggests a fear of potential retaliation or customer boycotts has led to corporate silence, unlike their previous engagement on social justice topics.

Source: Reuters

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TrustFinance Global Insights

AI-assisted editorial team by TrustFinance curating reliable financial and economic news from verified global sources.