DEED Developments blog | Department of Employment and Economic Development | State of Minnesota http://mn.gov/deed en-us Contractors: Build a Better Minnesota at Second Minnesota Construction Industry Conference Fri, 05 Feb 2016 08:30:00 -0600 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-178338

Construction is big business – with a big payroll – in Minnesota.

Thirteen Greater Minnesota Startups Benefit from Angel Tax Credit in 2015 Fri, 29 Jan 2016 15:00:00 -0600 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-178142

Thirteen Greater Minnesota businesses were among 114 certified businesses that received investments in the 2015 Minnesota Angel Tax Credit Program.

The program distributed all the available $16 million in tax credits available to angel investors and angel funds by mid-November.

Thirteen Minority-Owned Businesses Raised Up by Angel Tax Credits in 2015 Tue, 22 Dec 2015 12:00:00 -0600 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-176713

Thirteen minority-owned business were among 115 certified businesses that received investments In the 2015 Minnesota Angel Tax Credit Program.

The Minnesota Angel Tax Credit Program has fully distributed all $16 million in tax credits that were available to angel fund investors this year.

Once a Dream, New Broadband Ready to Help Battle Emergencies in Fairview Township Thu, 17 Dec 2015 11:00:00 -0600 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-176519

Fairview Township, located in Cass County, is better equipped to face down an emergency now that broadband service is available.

In July 2015, a supercell thunderstorm storm tore through the Brainerd Lakes area, causing millions of dollars of damage throughout the township and surrounding area.

Holiday Hiring in Minnesota Tue, 08 Dec 2015 10:27:28 -0600 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-176178

Man working in store

Christmas season hiring is a fairly small blip when it comes to total employment in Minnesota, but it does affect a handful of industries and keeps unemployment lower than it might otherwise be at the start of winter.

Holiday hiring typically is strongest in two industries in Minnesota: the retail trade sector and transportation and warehousing.

New Magazine Spotlights Minnesota’s Many Advantages Fri, 04 Dec 2015 08:36:13 -0600 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-175945
It may be cold outside, but Minnesota is a hot spot for business. You can see the proof in this new magazine.

Minnesota’s Angel Tax Credit Program Targets Women, Minorities and Greater Minnesota Businesses in 2016 Fri, 06 Nov 2015 12:00:00 -0600 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-174739 Open for business: The Minnesota Angel Tax Credit Program is now accepting certification applications online for 2016.

America’s Top State for Business – Cost of Doing Business Thu, 24 Sep 2015 09:49:56 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-172150

When choosing where to do business, cost is a major consideration. Calculating it requires weighing many factors – from tax rates and utilities to labor costs and other expenses.

CNBC named Minnesota America’s Top State for Business, but expressed some surprise that Minnesota made it to the top of their rankings despite a reputation for being “a high-tax, high-wage, union-friendly state.”

America’s Top State for Business – Access to Capital Thu, 17 Sep 2015 15:24:03 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-171747

Minnesota is gaining a reputation as a place where entrepreneurs can get the startup funding they need. For instance, a recent CNET article called Minnesota a “Silicon Prairie” where tech startups can have an easier time getting funding than in Silicon Valley.

America’s Top State for Business – Technology and Innovation Tue, 01 Sep 2015 11:30:44 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-170957 When CNBC named Minnesota America’s Top State for Business 2015, it mentioned three well-known inventions that were born here: Spam, Scotch Tape and the supercomputer. Over the years since these were invented, Minnesota’s culture of innovation has produced a steady stream of trailblazing patents, products and breakthroughs.

$3.7M Angel Tax Credits for Women-owned Businesses Still Available Tue, 25 Aug 2015 08:30:00 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-170338

DEED’s Angel Tax Credit Program offers a financial boost to businesses owned by women, but that funding will end Oct. 1.

There is a remaining $3.7 million in Angel Tax credits (as of Aug. 24) for businesses owned by women or minorities, or based in Greater Minnesota. After Oct. 1, any remaining tax credits not allocated to these designated groups will be made available to others.

America’s Top State for Business – Cost of Living Tue, 18 Aug 2015 13:57:43 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-170146 A competitive cost of living can be a key advantage for states that want to attract workers and keep them. If the cost of living is reasonable, workers will be able to afford housing, food, health care and transportation. Their wages will go further and they will enjoy a higher standard of living.

Mexico's Innovation and High Tech Make Big Impression on Trade Delegation Mon, 17 Aug 2015 10:00:00 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-170048

Gov. Mark Dayton and an official delegation are back in Minnesota after a week-long trade mission to Mexico. And they’ve come home very impressed with the sophisticated technology and business operations they saw.

Minnesota and Mexico: A Partnership Rooted in Agriculture Fri, 14 Aug 2015 10:30:00 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-170008

Manufactured goods make up the lion’s share of Minnesota’s exports, but the world has a healthy appetite for the bounty of Minnesota’s farms. We’re the nation’s 3rd-largest agricultural exporter, selling $8 billion in foreign markets in 2013.

Across Borders: Empowering Women in Agriculture Thu, 13 Aug 2015 10:30:00 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-169966

Women play key roles in agriculture in Minnesota and Mexico. And they also face unique obstacles.

That’s why Minnesota and Mexico are signing a memorandum of understanding (MOU) this week focusing on the ways women in agriculture can work together to help educate and support each other. The Women in Agriculture and Business MOU is one of five collaborations being signed during Gov. Mark Dayton’s trade mission to Mexico this week.

A Brief History of Minnesota Trade Missions Wed, 12 Aug 2015 09:45:35 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-169895

Gov. Mark Dayton spent the day Tuesday meeting with officials from Mexico's ministries of foreign affairs, agriculture, public education, as well as its trade and foreign investment arm.

While leading his fourth international trade mission, the governor promoted the state's exports, encouraged Mexican companies to startup and expand in Minnesota (or move existing U.S. operations here), inked cooperative agreements on agriculture and education, toured the facilities of a Minnesota-based company operating in Mexico, and met with executives of major U.S. companies operating in Mexico.

And that's just the beginning.

Why We Go on Trade Missions Tue, 11 Aug 2015 10:00:00 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-169833

When a Minnesota delegation heads off to a foreign market on a governor’s trade mission, the participants can have very different motivations for going on the trip and very different things they hope to accomplish in the target market.

So, who goes – and why?

Four Billion Reasons to Visit Mexico Mon, 10 Aug 2015 15:16:36 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-169830

This week, Gov. Mark Dayton is leading a 36-delegate trade mission to Mexico. The delegation – which includes representatives from business, agriculture and education – will travel with the governor to Mexico City and Guadalajara.

America's Top State for Business - Workforce Wed, 05 Aug 2015 10:45:09 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-169528

Workforce was the most heavily weighted category in CNBC’s “America’s Top States for Business” 2015 ranking. That’s good for Minnesota, since it highlights one of our strongest assets – our people.

America’s Top State for Business – Business Friendliness Wed, 29 Jul 2015 14:55:00 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-168610

Minnesota punches above its weight when it comes to major corporations, with 17 Fortune 500 companies headquartered in the state, including powerhouses like 3M, General Mills, Target and U.S. Bancorp. The success of those homegrown businesses says a lot about the business climate of the state. Minnesota has business-friendly policies and programs that make it possible for companies to not only survive but thrive here.

America's Top State For Business - Quality of Life Wed, 22 Jul 2015 14:53:05 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-168256

Outstanding quality of life is a key reason CNBC named Minnesota as “America’s Top State for Business 2015” in June.

America’s Top State for Business – Infrastructure Thu, 09 Jul 2015 09:07:28 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-167134 Structural assets that help move people and goods – roads, bridges, airports, shipping facilities and mass transportation – contribute greatly to the success of any state. They’re all grouped under that not-so-cuddly topic called infrastructure.

America’s Top State for Business – Economy Wed, 08 Jul 2015 15:48:14 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-167027

Minnesota has been booming since the end of the recession, adding nearly 200,000 jobs in the past four years alone and boasting one of the lowest unemployment rates in the country at 3.8 percent. Total jobs in the state went above 3 million in the past year for the first time ever.

America’s Top State for Business – Education Mon, 29 Jun 2015 14:51:08 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-166551

It hardly came as a surprise that Minnesota ranked high in education when CNBC crowned the state “America’s Top State for Business 2015” last week.

CNBC Names Minnesota Top State For Business Thu, 25 Jun 2015 10:12:39 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-166368 In its 2015 ranking of “America’s Top States for Business,” Minnesota claimed the top spot - moving the state up from sixth place in 2014.
Duluth greets foreign journalists Wed, 24 Jun 2015 09:00:00 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-166270

Amy Hyun, correspondent for the Korea Times based in Chicago, is attracted to stories about the U.S. economy and connections between Minnesota and Korea. Soichi Inai, U.S. correspondent for the Japanese newspaper Nikkei, and Kenichiro Miyaki, U.S. correspondent for the Japanese wire service Jiji Press, are looking for the Minnesota-Japan connection.

Introducing Minnesota Tue, 23 Jun 2015 13:39:21 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-166183


Ruben Barrera’s journalistic career has taken him from Mexico to Latin America and Texas. Now the correspondent for the Mexico City-based wire service Notimex is heading farther north to learn about Minnesota.

BIO 2015 in Philadelphia, Pa. See you at #311 Thu, 11 Jun 2015 12:00:00 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-165618

You should be hearing a lot about 311 – and we don’t mean the Omaha, Neb. rock band or number to access non-emergency municipal services. 

DEED rolls out Career Profile tool Thu, 04 Jun 2015 11:00:00 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-163715

Say you’re interested in becoming an application software developer, living in the Twin Cities and want to stay there. What’s the demand for this occupation? How much does it pay? Can the pay meet the basic cost of living in the Twin Cities?

Training for Lueken’s Village Foods workforce emphasizes sustainability and aquaponics Thu, 28 May 2015 08:00:00 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-163101

Lueken’s Village Foods is poised to make a culture shift -- and take the city of Bemidji along for the ride.

Hanson Willis Discusses DEED’s Role in Developing, Retaining Older Workforce at U of MN Think Tank Tue, 19 May 2015 09:00:00 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-162485 Today DEED Deputy Commissioner Jeremy Hanson Willis joins experts and community leaders from the University of Minnesota and across the state to talk about issues related to aging and the agency’s role in developing and retaining older workers in Minnesota.

Business First Stop touches St. Cloud foundry expansion at ‘speed of commerce’ Tue, 28 Apr 2015 08:30:00 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-161006

When Lt. Governor Tina Smith congratulated Grede Holdings LLC’s $17.5 million expansion in St. Cloud, she hat-tipped Minnesota Business First Stop.

Dislocated Worker Program a unique insurance policy against economic churn Tue, 21 Apr 2015 02:00:00 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-161047

An economy clipping along is no preventative against layoffs.

Job Vacancies in Minnesota at Highest Level Since 2001 Tue, 14 Apr 2015 14:07:46 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-160656

Minnesota employers are adding jobs – and at a record level. According to DEED’s latest Job Vacancy Survey findings, Minnesota has nearly 90,000 open jobs – that’s the most in nearly 14 years.

Study Minnesota Arab States Reception a Success Tue, 07 Apr 2015 12:34:41 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-160162

Recently, 125 representatives from colleges and universities across Minnesota gathered in Washington D.C. to meet with diplomatic and educational leaders from the Middle East for the 2015 Arab States Reception.

Construction on New Education and Career Center Begins this Summer Tue, 31 Mar 2015 13:23:07 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-159858

The West Broadway Education and Career Center, a new service center focused on providing education and workforce development opportunities and health services in one North Minneapolis location, is expected to open next summer.

Titan Training: A dual-track approach Tue, 24 Mar 2015 12:05:00 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-159273

Recently Northland Community and Technical College received a $293,378 Minnesota Job Skills Partnership Program grant to train 75 employees of Titan Machinery, Inc. in northwest Minnesota.

Understanding January Employment Data Tue, 17 Mar 2015 10:10:08 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-158591

Recently, DEED announced Minnesota’s latest employment numbers for January 2015. The most notable update was the state’s unemployment rate held steady at 3.7 percent. Comparatively, the national unemployment rate for January was 5.7 percent.

Governor Dayton to Lead Trade Mission to Mexico, Promote State Tue, 10 Mar 2015 15:21:18 -0500 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-158284

Governor Mark Dayton will lead a trade mission to Mexico Aug. 9-14. Besides helping Minnesota companies find business opportunities in Mexico, the governor hopes to attract Mexican investments to Minnesota and promote the state as a great place to do business.

What's New with the Angel Tax Credit Program Thu, 05 Mar 2015 14:34:28 -0600 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-158112

DEED’s Angel Tax Credit Program has attracted millions of dollars in private investments for high-tech startups in Minnesota.

Minnesota’s Clean Energy Economy Thu, 19 Feb 2015 09:31:24 -0600 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-156848 The clean energy sector – businesses specializing in wind, solar, bio, energy efficiency and the smart grid – is one of Minnesota’s fastest-growing and most promising industries.

Trade in Minnesota Exports Strengthens in 2014 Thu, 12 Feb 2015 14:20:47 -0600 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-156354 2014 was a strong year for Minnesota exports. Here are a few of the accomplishments made this past year by the Minnesota Trade Office (MTO), which works to boost exports and increase foreign direct investment (FDI).

Jobs and Investments Drive Economic Growth in 2014 Mon, 09 Feb 2015 13:05:58 -0600 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-154646

Minnesota’s economy took a big step forward in 2014, with the unemployment rate dropping to its lowest level in nearly 14 years and employers creating more than 33,000 jobs. Employment reached an all-time high in the state and showed every indication of continuing to grow in 2015.
Help for Small Businesses Thu, 29 Jan 2015 12:30:32 -0600 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-154080 Minnesota is blessed with a wealth of Fortune 500 companies, including 3M, General Mills and Target. But small businesses form the core of the Minnesota economy, with more than 500,000 of them employing 1.2 million people. Altogether, small businesses account for 97.8 percent of all employers in the state.

DEED’s Mission to Help Unemployed Minnesotans Stays Strong Thu, 22 Jan 2015 09:06:06 -0600 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-153375 In 2014, we held strong to our mission of putting mighty Minnesotans back to work. More than 190,000 jobs have been added to our economy in the past four years. Looking Back on DEED’s 2014 Accomplishments Fri, 16 Jan 2015 15:54:50 -0600 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-152940

In January of 2014, the state’s unemployment rate was 4.7 percent. With an 18 percent reduction in unemployment insurance claims compared to the year before, Minnesotans were getting back to work. Last year at this time, it seemed like Minnesota had finally put the Great Recession in its rear-view mirror.

But even with the good news going into the New Year, we still couldn’t have predicted all of the success we were about to realize collectively in 2014.

DEED Goes to Work to Give Vets a Certain Future Thu, 15 Jan 2015 08:13:33 -0600 State of Minnesota http://mn.gov/deed/newscenter/social-media/blogs/deed-developments/blog-entry.jsp?id=466-152867

In 2014 DEED’s work to strengthen talent, innovation and trade in the state made tremendous headway. Clearly, Minnesota veterans embody an enormous amount of talent. Here are some ways DEED burnished their credentials even more.

 

·