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Showing posts tagged with Economy. Show all posts

The Lee Family's Story: Eliminating the “Marriage Penalty”

Posted on April 17, 2014 at 10:00 AM
Categories: Economy, Reform

2014_04_16_lee_family
The new tax cuts will provide Ching and Pi Lee an estimated $180 that they can save or spend in our local economy.

By 1986, Ching Lee decided it was time to leave Taiwan and join his extended family, who had already immigrated to the Twin Cities. Trained as mechanical engineer in Taiwan, Ching was able to find work as a manufacturing technician for a high-tech company in the West Metro.

A new country and a new job were not the only changes for Ching in 1986. He also fell in love with and married a fellow Taiwanese transplant, Pi Liu. Not strangers, Pi and Ching first met in Taiwan before becoming reacquainted in Minnesota. 



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Governor Dayton Aids University of Minnesota’s Effort to Revive the Declining Bee Population

Posted on March 17, 2014 at 2:18 PM
Categories: Agriculture, Jobs, Economy, Education

      

Bee_Blog

 

Photo credit: Flickr user ndboy

 

Bees are receiving their share of the spotlight during this year’s legislative session. Governor Dayton’s bonding proposal recommends investing $12 million in the University of Minnesota Bee research laboratory, which will foster the expansion of agriculture research and help revitalize Minnesota’s bee population.

 

The work of pollinators is vital to the health of numerous fruits, vegetables, and crops worldwide, accounting for one in every three bites of food. These busy insects improve the vitality of nearly half of Minnesota’s entire crop production, which translates to thousands of jobs. Overall, Minnesota’s farm and foods sectors generate $74 billion in annual economic activity for our state – helping to sustain communities across the state. The declining population is a growing concern, and Governor Dayton’s recommendation is a promising investment for thousands of Minnesota farmers.     

 


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Minnesota Ranks Fifth in Gallup Job Creation Index

Posted on February 13, 2014 at 3:18 PM
Categories: Jobs, Economy

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The Minnesota Department of Employment and Economic Development announced today that Minnesota ranked fifth among states in employee perceptions of job creation at their workplaces, according to a new study released by the Gallup organization.

“The Gallup Job Creation Index results are another positive indication of a strong economy in Minnesota,” said Katie Clark Sieben, commissioner of the Minnesota Department of Employment and Economic Development (DEED). “High scores in the index strongly correlate with standard of living and confidence in the economy rankings.”


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Minnesota Launches Bid for 2018 Super Bowl

Posted on January 27, 2014 at 12:08 PM
Categories: Economy, Jobs

Minnesota hope to kick-off its new Vikings stadium with a 2018 Superbowl

If Minnesota is selected as host, it will be only the second time in NFL history and the first since 1992 when Super Bowl XXVI was held at the Hubert H. Humphrey Metrodome. 

Governor Mark Dayton announced today that an organized campaign is underway to pursue Super Bowl LII, happening February 4, 2018. Governor Dayton announced the following three Minneapolis-St. Paul business leaders to co-chair the effort:
 
•     Doug Baker, Chairman and Chief Executive Officer, Ecolab
•     Marilyn Carlson Nelson, former Chairman and Chief Executive Officer, Carlson
•     Richard Davis, Chairman/President/Chief Executive Officer, U.S. Bancorp

“The Super Bowl is the most watched annual event in the world.  In addition to game attendees, it brings over 100,000 people to the host community for a weeklong celebration,” said Gov. Dayton.  “Hosting the Super Bowl would bring enormous economic benefits to many Minnesota businesses, as well as provide a terrific opportunity to again showcase Minnesota to the world.”


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State Launches New Minnesota Job Creation Fund

Posted on January 10, 2014 at 2:00 PM
Categories: Economy, Greater Minnesota, Jobs

Cmmr Clark Sieben and Governor Dayton

On Friday, Governor Mark Dayton and DEED Commissioner Katie Clark Sieben announced the launch of a new Minnesota Job Creation Fund at the state Capitol; a new economic development initiative that will help create 5,000 new jobs and attract an estimated $450 million in private investment into Minnesota’s economy.

Today at the Minnesota State Capitol, Governor Mark Dayton and Commissioner Katie Clark Sieben announced that businesses looking to expand their operations and hire new workers in Minnesota may now qualify for assistance from the newly-created Minnesota Job Creation Fund. This pay-for-performance business development initiative, administered by the state’s Department of Employment and Economic Development (DEED), will help create an estimated 5,000 new jobs statewide and attract another $450 million of private investment into Minnesota’s growing economy. 



“Over the last three years Minnesota has added more than 122,700 new jobs, regaining all the jobs that were lost during the Great Recession,” said Governor Dayton. “But we cannot afford to rest on our laurels now. The strength of our economy and the security of middle class Minnesota families depend on the investments we make today to accelerate job growth and get every Minnesotan back to work. Every job matters; and that is why initiatives like the Minnesota Job Creation Fund are so important.” 



The $24 million Minnesota Job Creation Fund, proposed by Governor Dayton and passed by the Minnesota Legislature in 2013, will replace the state’s JOBZ program, which is set to expire in 2015. The new fund will provide up to $1 million to businesses after they meet certain criteria, including minimum requirements for job creation and private investment. Under the program, businesses must create at least 10 full-time jobs and invest at least $500,000 in their own developments to be eligible for financial assistance. 



“The Minnesota Job Creation Fund will not only provide access to capital for businesses that need assistance to expand or move their operations to Minnesota, but it will add high-quality jobs to the state’s economy,” said DEED Commissioner Katie Clark Sieben. “This pay-for-performance tool will continue the economic momentum we have built since recovering from the recession.” 



The Department of Employment and Economic Development is currently accepting Minnesota Job Creation Fund applications from businesses seeking financial assistance to expand or locate in Minnesota. Businesses engaged in manufacturing, warehousing, distribution, and technology may be eligible for assistance. Companies must work with the local government (city, county or township) where a project is located in order to be eligible for assistance. More details about the Minnesota Job Creation Fund, including program requirements and application materials, are available on the DEED website at www.tinyurl.com/JobCreationFund.


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Growing Minnesota's Economy

Posted on January 09, 2014 at 6:00 AM
Categories: Economy, Jobs

Jobs_Bill_2013

Governor Mark Dayton Signs 2013 Jobs Bill

Economy

Since Governor Dayton took office in 2011, Minnesota has added over 122,000 new jobs – recovering all the jobs that were lost during the Great Recession. The Governor has taken action to strengthen our economy and create a stable environment for businesses to expand and create jobs. With a fair and balanced budget, new investments in education at every level to strengthen our skilled workforce, and targeted investments in economic development that will leverage billions of dollars in private investment, Governor Dayton has provided additional tools to accelerate our recovery and create economic opportunity for the middle class.


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Minnesota announces new plan to prevent and end homelessness

Posted on December 20, 2013 at 3:44 PM
Categories: Health, Economy, Education

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Education Commissioner Brenda Cassellius with Jackson Elementary School students

Despite Minnesota’s growing economy, homelessness remains a major problem across our state. Studies estimate that on any given night more than 10,000 Minnesotans are homeless – more than half of them children. However, Minnesota has a new plan to change that. Yesterday, state officials joined Saint Paul Mayor Chris Coleman and Minneapolis Mayor-elect Betsy Hodges at Jackson Elementary School in Saint Paul to announce Minnesota’s new Plan to Prevent and End Homelessness.
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Canadian Company Chooses Minnesota for U.S. Headquarters

Posted on December 19, 2013 at 12:00 PM
Categories: Economy, Technology, Jobs

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Governor Mark Dayton and Bruce Dovey, Price Industries, senior vice president


Brutal winters, bird-sized mosquitoes, and a love of hockey. Minnesota and Manitoba have more than a few things in common. And shortly, we will share one more: Price Industries. Today, the company announced plans to build a new design center in Maple Grove, Minnesota. The design center expected to open in 2014 will employ 40 people. In addition to housing research and development operations, the new facility will serve as the Winnipeg-based company’s U.S. headquarters.

Governor Mark Dayton worked closely with Minnesota’s Department of Employment and Economic Development and Price Industries to make this project happen.


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Accelerating Growth at Minnesota Manufacturers

Posted on November 01, 2013 at 12:00 PM
Categories: Jobs, Economy

Harmony Enterprise Manufacturing
Photo Content: Flickr User recycleharmony; Smart Pack Trash Compactor

Floe International Inc., a dock and boatlift manufacturer in McGregor, MN, was hit hard by the recession. After watching revenue drop to half its typical amount, the company turned to Enterprise MN – a business consulting non-profit – for help. Floe used Enterprise MN’s Growth Acceleration Program (GAP) to provide funding for 20 of the company’s 70 employees to receive special training that transformed the entire company.

Now Floe’s revenue per employee has more than doubled. Sales in 2012 hit an all-time high, which allowed Floe to build a 40,000 square foot addition. Floe International President Don VanderMey believes this GAP-funded training will continue to inspire the company’s growth.

This legislative session, Governor Mark Dayton worked with legislators to promote job growth and invest in small businesses located in Minnesota. They provided $750,000 for the Growth Acceleration Program. This grant will allow Enterprise MN to continue helping Minnesota manufacturing companies grow.

Since it was created in 2008, the Growth Acceleration Program at Enterprise MN has helped over 245 Minnesota manufacturing companies invest in their organizations. GAP is a matching grant that enables small manufacturing companies to access business improvement services. GAP provides up to $1 of state money for every $3 a company invests. The initiative has helped these companies create or retain 1,700 jobs.

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College and Career Readiness

Posted on October 17, 2013 at 8:00 AM
Categories: Education, Jobs, Economy

Photo Content: Flickr User J. Stephen Conn
Photo Content: Flickr User J. Stephen Conn; Minnesota State University, Moorhead

Georgetown University’s Center on Education and the Workforce found that 70 percent of all jobs in Minnesota will require at least some postsecondary education by 2018. To meet those growing demand for an educated workforce, Governor Mark Dayton and the DFL Legislature enacted real reforms to ensure Minnesota kids are prepared for the good jobs of tomorrow.

To build a world-class workforce, they invested in initiatives proven to make a big impact like early-childhood education and all-day, every-day kindergarten. Investments like these will help close Minnesota’s achievement and improve our economy for years to come.

Critically, the Governor and legislature also worked to reform testing. Minnesota will replacing the GRAD test with a new test that is similar to the ACT, which will do a better job of indicating whether our students are prepared for college or careers.

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