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      A $200 Million Investment in Getting Minnesota Back to Work

      Posted on October 26, 2011 at 2:21 PM

      Governor Dayton has been traveling the state for the last nine months asking Minnesotans what their best ideas are to retain and grow jobs in Minnesota.  This listening effort culminated yesterday with the Governor’s Jobs Summit here in St. Paul, and the participation of over 800 Minnesotans made for fantastic conversations.  
       
      All across the state, and again yesterday, one message was clear: small businesses are the fuel for Minnesota’s economic engine, and they are having trouble expanding because they can’t access new funds to do so.  This morning we announced a big step toward addressing that problem.

      The Minnesota Small Business/Banking partnership will put up to $200 million into small businesses across our state – money that will be to grow new revenues, expand their operations, and add new jobs.
       
      Minnesota is a great place to do business.  We are a state of innovators, pioneers and determined, hard workers.  As home to 19 Fortune 500 companies, we have seen our investments in economic development pay dividends.  This investment puts our resources where they will do the most good - developing our small businesses into Minnesota’s next Fortune 500 company.

      To read more about today’s announcement, click here.