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.
Governor Mark Dayton Signs 2013 Jobs Bill
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.
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.
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.
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.
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.