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Jeff Kiger

Jeff Kiger

Business Reporter / Columnist

Jeff Kiger writes a daily column, "Heard on the Street," in addition to writing articles about local businesses, Mayo Clinic, IBM, Hormel Foods, Crenlo and others.

He has worked as a newspaper journalist in Indiana, Wyoming and Minnesota since 1992. Kiger has worked in Rochester for the Post Bulletin since 1999.

In the wake of complaints by frustrated employees, Mayo Clinic’s official explanation is that the raises are calculated solely in comparison to the market. The annual salary adjustment is based on a review of external market factors, the clinic says.
Mayo Clinic filed a complaint with the National Arbitration Forum on Dec. 17 concerning a web domain name that included the word “Mayo”and linked to explicit content. On Jan. 17, the organization ordered that control of the domain be transferred from its creator to Mayo Clinic.
Fiddlehead Coffee Co. plans to open its third Rochester location in the downtown Kahler Grand Hotel. Work has already started to transform the space left empty by the closing of Starbucks spot on the corner of West Center Street and Second Avenue.
Marcus Theatres Rochester Cinema +IMAX is adding an option to make some movie goers a bit less anxious about sitting in a room full of strangers for two hours. Starting Friday, Marcus, 4340 Maine Ave. SE, will offer daily “vaccination required” screenings of select movies. Vaccine-only shows will be available for two movies a day. This week’s vaccine required shows in Rochester will be “Scream” and “Redeeming Love.”
Mayo Clinic employees were notified of an annual salary increase of 2% for 2022 with a 2.75 multiplier this week. That is the same as Mayo Clinic provided in pre-pandemic 2020. Other organizations are offering raises of more than 3% because of staff shortages and inflations, according to a business survey.
Mayo Clinic's revenue for the third quarter of 2021 was $4.01 billion, 18.2 percent higher than $3.39 billion the same pre-pandemic quarter in 2019. Revenue in the third quarter of 2020 was $3.53 billion, reported Mayo Clinic at the annual JP Morgan Health Care Conference last week.
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The Hue apartments at 33 Fourth St. SW were purchased by Mora, Minn.-based Gorham Housing Partners III, LLP on Dec, 29. Gorham paid a $3.6 million down payment. The 50-unit complex stands on the former site of Gallery 24/The Creative Salon next to 318 Commons.
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The shell of the 121,000-square-foot science and technology complex, linked to the original One Discovery Square center, is wrapping construction at 300 Second Ave. SW. The next stage of construction will build out the public meeting areas and lobby, and start work on tenant spaces aiming toward completion this summer.
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Thousands of health care workers are out of work because they have COVID, they are taking care of somebody who has COVID or they are in quarantine. That means the already difficult staffing issues are becoming critical as the number of COVID cases spike.
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After months of work, First Meeting -- Chinese Fresh Hand-Pulled Noodles is scheduled to open in Suite 2 at 793 16th St. SW, between Buffalo Wild Wings and Associated Bank. That's the Mayowood Commons retail center which was purchased for $5.53 million on Dec. 23 by the unimaginatively named 793 16th Street Rochester LLC.