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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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Canadian Company Chooses Minnesota for U.S. Headquarters

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

2013_12_19_price_industries.jpg

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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Governor Dayton Kicks Off Thanksgiving Week

Posted on November 25, 2013 at 3:50 PM
Categories: Agriculture, Jobs

Governor Dayton greets this Minnesota turkey

This morning Governor Dayton kicked off Thanksgiving Week with the help of a feathered friend. The Governor was joined by a Minnesota-raised turkey, Minnesota Turkey Growers Association President John Zimmerman, Agriculture Commissioner Dave Frederickson, and Colleen Moriarty of Hunger Solutions Minnesota for the occasion.

The Minnesota-raised turkey that took part in today’s festivities comes from a distinguished family – President Obama is pardoning his brother later this week. The turkeys were raised in Badger, Minnesota by John Burkel, Chairman of the National Turkey Federation, and his family.

Minnesota has more independent turkey farmers than any other state with roughly 600 farms. Many of these farmers are fourth and fifth generation turkey farmers – highlighting the long-standing tradition Minnesota has in turkey farming.


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Commonsense Reforms for Minnesota Veterans

Posted on November 12, 2013 at 8:00 AM
Categories: Veterans, Jobs, Public Safety, Military Servicemembers

Nearly 400,000 military veterans call Minnesota home. We are proud to have them. Our veterans have bravely answered the call to service. From the Battle of Gettysburg to Iraq and Afghanistan, Minnesotans have fought to protect our country and our freedoms. Many of Minnesota’s veterans don’t stop serving when they leave the military either.

In 2013, Governor Mark Dayton signed new legislation to help our veterans make the transition. The new reform makes it easier for active duty service members to transition into jobs on the police force. The bill allows military service members to take a police officer reciprocity exam while they are on active duty. Previously, service members were only allowed to take the reciprocity exam after they were honorably discharged. This change allows men and women in the Armed Forces to move into civilian service without a long delay in employment.


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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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Worthington to Host 2014 Pheasant Opener

Posted on October 12, 2013 at 10:00 AM
Categories: Economy, Sports, Outdoors, Jobs

On Lake Okabena in Worthington

Move over turkeys.  Come next fall, pheasants will get top billing in the City of Worthington. The Minnesota community known for its annual King Turkey Day will be making room for visiting pheasant hunters.  

Governor Mark Dayton announced Worthington as the 2014 Minnesota Governor’s Pheasant Hunting Opener Host City, during this year’s opener banquet in Madelia. Hunters who attend the 2014 Pheasant Opener will have the opportunity to enjoy more than 4,800 acres of public hunting land in the Worthington-area.

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Governor Dayton Visits Minneapolis Community and Technical College’s Remodeled Healthcare Facilities

Posted on October 04, 2013 at 11:35 AM
Categories: Education, Budget, Technology, Jobs

 Governor Dayton talks with MCTC students

Governor Dayton talks to MCTC students abour their new state-of-the-art training facility.

 

Yesterday, Governor Mark Dayton visited Minneapolis Community and Technical College’s (MCTC) brand new nursing and allied health care facilities. The Governor’s 2012 bonding bill provided $13.4 million for the renovation efforts – allowing the school to consolidate and modernize lab space for its nursing, phlebotomy and electroneurodiagnostic technology programs. The new space also emulates a hospital setting to better prepare students for future employment.

When Minnesota invests in infrastructure projects like this one, we also are making critical investments in people. These newly upgraded facilities will provide future nurses and other health care professionals access to state-of-the-art training that will prepare them for success in their careers.


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Minnesota Eighth on Forbes List of Best States for Business

Posted on September 26, 2013 at 10:58 AM
Categories: Jobs, Commerce, Economy

Minnesota ranked eighth in the “Forbes 2013 List of the Best States for Business,” jumping 12 spots from a year earlier on the strength of an improving economy, according to the publication.
 
Minnesota’s overall 2013 ranking was the biggest improvement of any state in the eighth-annual study, which looks at six key metrics: costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life.
 
Virginia ranked No. 1 in the study, followed by North Dakota, Utah, North Carolina, Colorado, Nebraska and Texas.

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