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Veterans Best Candidates for Business Ownership

Posted on July 11, 2013 at 2:19 PM
Categories: Military Servicemembers, Jobs

This post originally appeared on the Minnesota Department of Economic Development DEED Developments Blog on July 11, 2013.

DEED representative, Mark Tessmer, speaks with a veteran.
DEED representative, Mark Tessmer, speaks with a veteran.


Veterans tend to be the best candidates for starting new businesses.

“They‘re disciplined, they understand technology, and they know how to get the job done,” said Mike Ryan, director, Minnesota Small Business Development Center at University of St. Thomas.

Owning a business has been an attractive option for veterans because they can have more control over their lives, be able to reap more of the rewards from their work, and make independent decisions.

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Vets Networking Group Provides Tremendous Boost

Posted on July 08, 2013 at 8:00 AM
Categories: Jobs, Veterans

Denny Christiansen
Denny Christiansen, a veteran of the U.S. Army
This post originally appeared on the Minnesota Department of Economic Development DEED Developments Blog on July 8, 2013.     

Dennis “Denny” Christiansen, a veteran of the U.S. Army, needed help finding work, so he turned to the Minnesota WorkForce Center in Brooklyn Park to learn job search skills.  And it paid off. In June, he began a new job as a mental health practitioner at Nystrom & Associates in New Brighton.  Christiansen found out about the job opening through a connection with veterans employment services reps at the WorkForce Center.

Christiansen has extensive experience in the human services field, and had been an enlisted assistant to the drug abuse officer for the 1st Armored Division in Germany. But all that wasn’t enough to land him a good job. That’s why he began regularly attending a veterans networking group meeting held weekly.

“I can’t recommend it enough,” he says. “Being with other veterans gave me a tremendous boost.”

One area that Christiansen focused on was interviewing.  He hadn’t been on a job interview for a long time and needed to brush up on techniques, especially how to answer behavioral questions, according to vets rep. Mark Mann.  Christiansen received coaching on answering interview questions and had mock interviews.



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Minnesota Businesses Looking to the Future

Posted on June 27, 2013 at 3:19 PM
Categories: Economy, Jobs, Commerce

During the past year, Minnesota’s economy has largely outperformed most of the United States. A recent survey finds Minnesota firms that provide business services are even more optimistic about next year.

The survey is just another indication that Minnesota employers believe our economy is headed in the right direction. Increased business confidence means new hiring and more investments – fueling further economic growth. In the future, Minnesotans can expect new and better job opportunities.

Here are some key findings from the Minneapolis Federal Reserve and Minnesota Department of Employment and Economic Development survey:
  • 77 percent of Minnesota firms anticipate their sales revenue to grow or remain stable in the coming year.
  • 75 percent of business services firms expect their profits to increase or remain stable in the next four quarters, compared with 62 percent last year.
  • 53 percent of firms plan to increase the wages of employees during the next four quarters.
  • 50 percent said their costs remained steady during the past year.
  • 44 percent of firms expect employment to increase during the next year compared with only 36 percent last year. 

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Minnesota’s Economy Takes Flight

Posted on June 26, 2013 at 11:39 AM
Categories: Jobs

Minnesota’s economy soared to new heights today. Endeavor Air (formerly Pinnacle Airlines) held a ribbon cutting ceremony celebrating the company’s move to Minnesota. Endeavor Air’s move is expected to create at least 200 new jobs in our state during the next two years. 

Currently, Endeavor Air employs about 1,100 in Minnesota, including pilots, flight attendants, and aircraft maintenance workers. The airline has a significant presence outside of Minnesota as well, operating 189 regional jets on 1,000 daily flights to 124 cities in the United States and Canada. The company also may move additional aircraft maintenance positions to Minnesota in the future.

Working the Minnesota Department of Employment and Economic Development (DEED), Endeavor found a great new headquarters located in a previously vacant site at the Minneapolis/St. Paul International Airport. The location will house both the airline’s corporate offices and flight operations center, which handles aircraft and crew scheduling. 

Endeavor Air recognized that Minnesota’s highly skilled workforce and welcoming communities make our state a great place to do business. DEED also provided Endeavor Air a $550,000 forgivable loan from the Minnesota Investment Fund (MIF) to help them make the move north from its previous headquarters in Memphis, TN.

The success of the MIF initiative in bringing Endeavor Air to Minnesota demonstrates the program’s importance as an economic development and job creation tool for the state. This isn’t the only success for the program either. During the last 8 years, MIF has funded 53 projects, creating thousands of jobs and leveraging $587 million in private economic development. In 2012, MIF helped Gerdau Long Steel in St. Paul, Stream Global Services in Eagan, and AAR Aircraft Services in Duluth expand and create new jobs across Minnesota. 

This year, Governor Dayton and the Legislature invested an additional $30 million in the MIF initiative. This new investment is expected to attract $800 million in private business investment creating thousands of new jobs across Minnesota.

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Investing in Minnesota's Middle Class: Education, Jobs, and Tax Relief

Posted on June 24, 2013 at 1:02 PM
Categories: Jobs, Greater Minnesota, Budget


Governor Dayton Greets Constituent
Governor Dayton Greets Constituent  

Growing the middle class is essential to Minnesota’s economy. This past legislative session, Gov. Mark Dayton delivered on his promise to create a Better Minnesota for the middle class. Working with the DFL legislature, the governor made new high-impact investments in the following areas:
  • Education
  • Jobs and the economy
  • Property tax relief
These investments help Minnesota families with the basic by helping their kids get a world-class education, helping parents find good paying jobs and by providing needed property tax reductions.

Education
Every child deserves top quality education that’s why, from early childhood programs to high schools, Minnesota schools will receive a $485 million funding increase during the next two years. This means more funding for every learner in every school – including $134 million to ensure that all Minnesota children have access free all-day kindergarten. It also includes $40 million in scholarships to help 8,000 more children attend high quality childcare and preschool, ensuring they are prepared for kindergarten and beyond!

Higher Education
More and more jobs require education beyond high school. During the next two years, Minnesotans will reap the benefits of a $250 million investment in higher education. This includes $46 million in financial aid for students and a tuition freeze to curb costs at all public colleges and universities in Minnesota. 

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The Minnesota Investment Fund Supports Job Growth, Leverages Private Investment

Posted on June 21, 2013 at 8:00 AM
Categories: Commerce, Economy, Jobs


Polaris Industries' new R&D facility, supported in part by the Minnesota Investment Fund, will be completed this summer.
A new Polaris R&D facility, supported in part by the Minnesota Investment Fund, is set to open this summer. Photo courtesy of Polaris Industries. 

Last fall, Polaris Industries began a 144,000 sq. ft. expansion of their research and development facility in Wyoming, MN. The addition relieves overcrowding at the facility and keeps the company growing right here in Minnesota.

Currently, the research facility provides 375 good jobs for Minnesotans. After construction is completed later this summer, the Polaris facility will be twice as large and capable of employing an additional 350 people.
 
The Minnesota Investment Fund, which supports companies creating good jobs, is helping Polaris with the expansion. The state of Minnesota is providing them with a $400,000 loan. In return, Polaris has agreed to create at least 115 permanent jobs during the next two years. 

The fund has helped other companies create new jobs for Minnesotans too. During 2012 alone, the Minnesota Investment Fund helped Gerdau Long Steel in St. Paul, Stream Global Services in Eagan, and AAR Aircraft Services in Duluth expand: creating hundreds of good-paying jobs across the state.
 

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Destination Medical Center Will Create Tens of Thousands of New Jobs

Posted on May 23, 2013 at 3:17 PM
Categories: Health, Budget, Jobs


In Rochester earlier this week, Governor Mark Dayton was joined by Speaker Paul Thissen, Majority Leader Tom Bakk, House Majority Leader Erin Murphy, Mayor Ardell Brede, local legislators, and other community leaders in announcing a historic Destination Medical Center (DMC) initiative. This 20-year public-private partnership is aimed at securing Minnesota’s competitive position as an international hub for health care and medical advancement, and making the Rochester region an economic center for job growth and business development. The state’s $455 million investment in the project over the next two decades will leverage an estimated $5.6 billion in local and private investment, and create tens of thousands of new jobs in Minnesota.

“This initiative will secure Minnesota’s position as one of the world’s premiere destinations to receive medical treatment; it will create tens of thousands of good-paying jobs for Minnesotans and make Rochester an even better place to live, work, and raise a family,” said Governor Dayton. “Those who said that state government should play no role in a project like this are just flat out wrong. This project demonstrates the value state government can bring to the table. By partnering with the private sector, we can accomplish great things together for the people of Minnesota.”

Over the last 150 years, Mayo Clinic has earned an international reputation for excellence in health care and medical advancement, treating more than half a million patients in its Rochester facilities every year. Today, Mayo Clinic is Minnesota’s largest employer, providing good-paying jobs for more than 40,600 Minnesotans, including over 33,000 in Rochester, and generating a $9.6 billion annual economic impact to the State of Minnesota – roughly 4 percent of the state’s total GDP. And each year, Mayo Clinic contributes approximately $1.5 billion in tax revenue to the State of Minnesota and local governments.


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Budget for a Better Minnesota: Investing in the Middle Class

Posted on May 21, 2013 at 11:59 AM
Categories: Budget, Health, Jobs, Education

Governor Dayton and DFL legislative leaders at a post-session press conference

On Tuesday, Governor Dayton and DFL legislative leaders held a press conference to talk about middle class investments made in the Minnesota state budget

The budget passed by Governor Dayton and the DFL legislature puts fairness back in the system.  It strengthens Minnesota’s middle class and our economy by lowering property taxes and making investments in education and job creation to move Minnesota forward.

The budget closes the deficit for the long term and makes spending cuts and reforms.  It pays for new investments in education and job creation by asking the richest 2% of Minnesotans to pay their fair share and closing corporate tax loopholes. 

  • A Historic Investment in Education:  For the first time in its history, Minnesota will offer All-Day Kindergarten to every child in Minnesota.  We are giving thousands of children access to high-quality preschool and child care.  And we are freezing tuition for the next two years at the University of Minnesota and all MnSCU campuses and increasing student financial aid to make higher education more affordable for middle class families. With nearly a billion dollars in new money for education, this budget invests in every learner in Minnesota – from early education through higher education.  This new funding will help give our kids access to a world-class education and train the best-educated workforce in the world. This budget will also eliminate the school shift by the end of the next biennium. [ Read more ]
  • A Growing Economy that Creates Middle Class Jobs – Minnesotans need a strong economy for good jobs, living wages, and a strong middle class. That is why the Governor and the DFL legislature took bold action this session to create jobs, strengthen our infrastructure, and make our state a more competitive place to do business. The budget enacted this session invests in job creation efforts that will leverage billions of dollars in private sector investment in Minnesota’s economy, make our state a more competitive place to do business, and get tens of thousands of Minnesotans back to work.  [ Read more ]
  • Property Tax Relief for Minnesotans – Property taxes have increased by 86% statewide over the past decade, with increases falling hardest on the middle class, seniors, and small businesses. This session, we invested over $441 million in property tax relief for Minnesotans by restoring the state’s commitment to cities, counties, and school districts, and providing direct relief to homeowners and renters. [ Read more ]
  • A Fair Tax System – According to the Minnesota Department of Revenue, low-and middle-income Minnesotans pay 20% more of their income in state and local taxes than the wealthiest Minnesotans. In order to honestly resolve our state’s budget deficit, make new investments to strengthen the middle class, and invest over $441 million in property tax relief for Minnesotans, the budget enacted this session asks the wealthiest 2% of Minnesotans to pay 2% more in income taxes. With an average income of over $617,000, the richest 2% are the only Minnesotans who are asked to pay more in income taxes. [ Read more ]
  • A Fair and Balanced Budget – A decade of deep cuts, games and gimmicks have caused Minnesota to lurch from one budget crisis to the next; limiting our ability to fund education and job creation. This session, the Governor and DFL legislature put an end to roller-coaster deficits with a fair and balanced budget that puts Minnesota on sound fiscal footing and delivers investments to strengthen the middle class. [ Read more ]

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DEED Debuts New Blog for Minnesota Small Businesses

Posted on May 02, 2013 at 10:30 AM
Categories: Jobs, Economy

blog_deed_sm_biz_blog

Continuing its mission to promote Minnesota small business, the Minnesota Department of Employment and Economic Development (DEED) launched a new blog today aimed at providing practical guidance for aspiring entrepreneurs and new business owners in Minnesota. 

Dubbed Minnesota Business 101, the weekly blog touches on topics ranging from how to organize and register a business to licensing, regulations and financing. It will focus primarily on helping new business owners navigate through DEED’s Guide to Starting a New Business in Minnesota.

“Small businesses re the driving force of the economy and account for half of our private sector jobs in Minnesota,” said DEED Commissioner Katie Clark Sieben. “This new blog is just one tool we are using to connect those hoping to start a small business with the expertise and resources we offer at DEED.”

Minnesota Business 101 will also include videos offering expert guidance from DEED consultants, advice from real Minnesota small-business owners, and profiles of small businesses. The blog launches today and will appear on Mondays in the future. Check it out at: http://mnbusiness101.wordpress.com/.

DEED is the state’s principal economic development agency, promoting business recruitment, expansion and retention, workforce development, international trade and community development. For more details about the agency and our services, visit DEED at www.PositivelyMinnesota.com. You can also follow DEED on Twitter at www.twitter.com/PositivelyMN.


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Building a Better Minnesota: Regional Civic Centers and Downtown Improvements

Posted on April 17, 2013 at 10:35 AM
Categories: Bonding, Economy, Jobs, Greater Minnesota

Convention_Center_2013
Governor Dayton's bonding proposal invests $98.5 million in Minnesota's downtowns

Governor Dayton’s commitment to building a better Minnesota starts with jobs that help build communities. The governor’s bonding proposal invests $98.5 million in the downtowns of regional centers; projects that will create jobs, attract additional private investment, and support economic development in communities across Minnesota. Those investments include: 
  • $35 million for the Rochester Civic Center expansion
  • $20 million for reconstruction of Nicollet Avenue in downtown Minneapolis
  • $14.5 million for a new addition to the Mankato Civic Center
  • $14 million to double the size of the Children’s Museum in downtown St. Paul
  • $10.1 million for an expansion of the St. Cloud Civic Center

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