Minnesota Cities Stand Out on National List of Best Places To Do Business
Minnesota received more good economic news yesterday. Three Minnesota cities ranked among the top 25 smaller cities in the country to do business and have a career. Mankato ranked third on the national list, followed by Rochester (23rd) and St. Cloud (24th).
The analysis, conducted by Forbes Magazine, considered U.S. cities with populations of less than 250,000. Forbes weighed several factors in making its rankings, including:
Governor Dayton breaking ground for maurices office building in Duluth - one of the many companies adding hundreds of job in Minnesota
Minnesota received more good economic news today. Today’s jobs report, released by the Minnesota Department of Employment and Economic Development (DEED), showed the state added 8,500 jobs in June. And the state’s unemployment rate dropped to 4.5 percent last month – the lowest it has been in seven years. In total, Minnesota has added nearly 160,000 new jobs since Governor Dayton took office in January 2011.
Governor Dayton, members of his Cabinet, and other key stakeholders gathered today at the University of Minnesota to discuss how the state can continue adding jobs in Minnesota’s growing clean energy sector. Tens of thousands of Minnesotans are employed already in clean energy jobs. As Minnesota builds on our nation-leading renewable energy policies, the Governor and his Administration are committed to growing the jobs that come along with it.
Governor Dayton signs the Women's Economic Security Act, one of several laws now taking effect.
Governor Dayton is committed to improving state government – from investing in education and improving the state's infrastructure to taking steps to ensure high-quality health care. Through the work done in the 2014 legislative session, many great strides were made in keeping this promise. Here are ten of the laws and reforms signed by the Governor that are going into effect today:
Governor Dayton's Job Creation Fund helped Cardiovascular Systems add 205 jobs at its New Brighton site
NEW BRIGHTON – Medical device manufacturer Cardiovascular Systems Inc. announced plans today to build a $30 million headquarters in New Brighton and to expand its workforce with 205 new, high-paying jobs within two years.
The company said it will build a two-story, 125,000-square-foot building with office, research and development, and manufacturing space at the New Brighton Exchange, a 100-acre site at the northwest corner of Interstates 35W and 694.
Cardiovascular Systems currently employs 191 workers at its existing headquarters in New Brighton, about 2 miles south of the new site. The new headquarters building, which is expected to be completed next March, will have the capacity to accommodate 500 workers.
"This is great news for Minnesota,” said Governor Mark Dayton. "We are very pleased that Cardiovascular Systems Inc. has chosen New Brighton for its new headquarters. I thank CSI for this important expansion that will add 205 good-paying jobs to our state."
This artistic rendering depicts what the Hormel Institute will look like after the expansion
Governor Dayton traveled to Austin, Minnesota yesterday to celebrate the expansion of the Hormel Institute. In partnership with the Mayo Clinic and University of Minnesota, the Hormel Institute performs cutting edge cancer research. The new expansion will double the institute’s size and help it maintain its reputation as a global leader in the field.
Governor Dayton addresses a joint convention of the Minnesota legislature at his 2014 State of the State Address
Remarks of Governor Mark Dayton – As prepared for delivery
State of the State Address
Wednesday, April 30, 2014
When I ran for Governor four years ago, I promised “A Better Minnesota.” Tonight, I can report that the state of our State is better – much better -- than before. It’s better for us, and it’s better for those who will inherit it from us. But the economic growth and social progress we have achieved, also reminds us of the work we still have left to do.
Becoming a parent introduces a longer-term perspective. We begin to consider the effects of our actions not only on our own lives, but also on lives that will extend beyond ours.
Becoming a grandparent, as I did a year-ago, thanks to my terrific son and wonderful daughter-in-law, Eric and Cory Dayton, who are in the gallery tonight, adds another generation to that timeline. It also raises the stakes.
Somewhere down the road, my grandson and his generation will assess the state of the state we have left to them. They will decide whether we, through our actions or inactions, made their lives better. Let’s keep them in mind, as we choose our state’s path.
In my first State of the State, three years ago, I said, “I know what we must do to create that better future for all of us. To progress, we have to invest.
“We have to invest in more jobs. Invest in better education. In improved transportation. In the health of our citizens, our communities, and our environment. In the transformation of government services.”
In other words, we have to invest in growth, quality, and effectiveness.
JOBS & ECONOMIC DEVELOPMENT
Well, we invested in jobs. Minnesota’s private sector and public sector both invested in jobs. We are blessed with so many outstanding businesses, located everywhere in our state, operating everywhere in the world – and who, during the past three years, rediscovered that they can be successful and profitable here in Minnesota. As a result, we have the 5th fastest growing economy in the country.
There are more than 2.8 million jobs in Minnesota today. More jobs than ever before in our state’s history. 150,000 more jobs than when I became Governor three years ago.
This economic growth is happening all over our state. A recent newspaper story was entitled, “Lots of jobs find a home on the prairie in southwestern Minnesota.” It said that, for example, Jackson County reported a 5 percent increase in jobs during 2013. The City of Jackson’s economic development coordinator is quoted saying that, “Everybody who is able to work, and willing, is probably employed.”
Jackson’s largest employer, AGCO, has doubled its workforce to more than 1,300. Nearby, HitchDoc, which manufactures automotive and farm equipment for 300 customers, has grown from a dozen employees to 140. “And I’m looking for another 30,” said the company’s owner, Brad Mohns. “I’m turning down work, because I can’t find enough employees.”
Some people believe there is no role for government in private sector expansion and job creation. To see that they’re mistaken, just look around Minnesota.
There would not be a new stadium under construction in Minneapolis without the financial support of the City and the State of Minnesota. 7500 construction workers will have jobs building that stadium over the next couple years. Over one-third of them will be people of color.
Located right next to the stadium will be a $400 million private sector development, the largest in a generation. It will provide office space for 5000 Wells Fargo employees, residential apartments, stores and shops, a hotel, and a new, two-block public park. Its construction will employ another 1000 Minnesotans. And that is just the beginning of the area’s revitalization.