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.
The principal credit for Minnesota’s terrific budget forecast belongs to the people of Minnesota. We proved again that we have the best business innovators and the most productive workers anywhere. By working hard and working together, we turned a $6 billion deficit predicted just 3 years ago, into a projected surplus of $1.086 billion over the next 18 months.
The financial experts, who prepared this forecast, made it clear that these surpluses are being generated by our state’s exceptionally strong economic growth. Minnesota’s economic recovery leads most states and the nation. 122,000 more people are working in Minnesota today than when I became governor in January 2011. The growth in our total state economy last year was the 5th best in the nation.
Department of Human Services Commissioner Lucinda Jesson (back left) and the pharmaceutical safety team
Today, 78 state employees from 15 state agencies were recognized for outstanding achievements that have reformed state government and saved taxpayer dollars. In the Governor’s ongoing effort to build a Better Government for a Better Minnesota, state agencies have worked hard finding innovative ways to deliver better services to Minnesotans while eliminating wasteful spending, improving efficiencies, and strengthening measures of accountability.
The Governor’s Continuous Improvement Awards celebrate individual and organizational achievements that have increased the productivity and efficiency of state government services, while improving the delivery and responsiveness of customer service. Twenty-eight teams from across the administration were nominated for this year’s awards, with six receiving recognition at today’s award ceremony for their extraordinary achievements.
Today’s budget forecast closes chapter on years of irresponsible borrowing from Minnesota students
After years of irresponsible borrowing, all of the $2.8 billion that was borrowed from Minnesota schools has been repaid due to the budget surpluses generated by Minnesota’s growing economy. A new economic forecast released today by the Minnesota Department of Management and Budget (MMB) shows that the additional $1.086 billion surplus projected for the current biennium will permit the immediate repayment of the final $246 million, still owed our schools. Changes made last session by the Legislature and Governor Dayton accelerated that repayment by mandating in law that any additional surplus would go immediately to the schools.
Today’s announcement comes after Minnesota added 13,400 jobs since August and over 122,000 jobs since January 2011 – regaining all of the jobs that were lost in the Great Recession. Minnesota was recently ranked eighth in the “Forbes 2013 List of the Best States for Business,” and had, according to the U.S. Department of Labor, the fifth-fastest growing state economy in the nation last year.