On Friday, thousands of Minnesota’s lowest-wage workers will get a well-earned raise. Friday’s increase will bring the new wage to $8.00 per hour – the first increase in the state’s minimum wage in nearly a decade. The minimum wage increase signed by Governor Mark Dayton will raise the wage to $9.50 per hour by 2016, and index it to inflation to help ensure Minnesotans’ wages keep up with the cost of living.
"Minnesotans who work full-time should be able to earn enough money to lift their families out of poverty and achieve the American Dream," said Gov. Mark Dayton. "Raising the minimum wage will improve the lives of more than 325,000 hard-working Minnesotans. I thank the Legislature for recognizing the need to make work pay in Minnesota."
Before Minnesota’s new wage goes into effect, our current wage of $6.15 per hour Minnesota was one of the lowest minimum wages in the nation – lower than neighboring Wisconsin, Iowa, North Dakota, and South Dakota. In fact, Minnesota was one of only four states in the country with a minimum wage below the national rate of $7.25 per hour.
Super Radiator Coils (SRC) recently broke ground at its manufacturing facility in Minnesota to build a 22,000 s.f. addition to meet demand for heat exchanger coils that are used at nuclear power plants, as well as other applications. The company previously expanded its original 65,000 s.f. plant in 2012 with a 13,000 s.f. addition to build the same equipment.
The company is one of only three manufacturers in the world that are certified by the American Society of Mechanical Engineers (ASME) to meet its high quality standards for nuclear power plant equipment and to display the society’s “N-Stamp” on its coils. The company also has a 110,000 sq. ft. plant in Richmond, VA, and two facilities in Phoenix, AZ, that total 65,000 sq. ft.
SRC will provide most of the funding itself for the new addition, but the company has been approved to receive a $287,500 grant from the Job Creation Fund of the Minnesota Department of Employment and Economic Development (DEED). In addition, it will receive a $150,000 loan from the Carver County Business Loan Fund.
“The Minnesota Job Creation Fund was launched just seven months ago, but it has already helped more than a dozen businesses across the state expand, creating hundreds of new jobs,” said Governor Mark Dayton. “I thank Super Radiator Coils for this important expansion, and for the up to 30 new jobs this project will create.”
The new $4 million addition will result in the new jobs being created over the next three years for highly skilled workers, according to Rob Holt, SRC’s President and CEO. The privately held company employs more than 350 people at its three facilities.
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 shaking the hand of Norwegian Soccer star Jan Aage Fjortoft
Yesterday, Governor Mark Dayton traveled to the National Sports Center in Blaine to provide the welcoming remarks and participate in the Handshake for Peace with Norwegian Soccer star Jan Aage Fjortoft for the opening ceremony of the Schwan’s USA Cup International Youth Soccer Tournament.
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:
New $70 million office tower is largest commercial development in the history of downtown Duluth
ST. PAUL, MN – Today, Governor Mark Dayton, Mayor Don Ness, local officials, and area business leaders broke ground on a new $70 million office tower in downtown Duluth. The project, which will serve as the corporate headquarters for maurices – a Duluth-based international retail company – will create and retain 900 jobs and leverage $50 million in private investment. When complete, the 11-story office tower will house hundreds of maurices employees and represent the largest commercial development project in the history of downtown Duluth.
“This is a tremendous accomplishment for maurices, and a monumental investment in downtown Duluth,” said Governor Dayton. “I thank maurices for its continued commitment to Minnesota, and for the many hundreds of jobs this project will create and support in the coming years.”
Founded in 1931 as a small retail store in Duluth, maurices has grown into an international business operating over 900 stores across the United States and Canada. Over the last five years, maurices has grown significantly, opening more than 250 stores and increasing its sales by 65 percent. Between its Duluth headquarters and 45 store locations across Minnesota, maurices employs over 1,200 Minnesotans with a statewide annual payroll of $30 million.
As the company continues growing, maurices needed additional space to accommodate up to 600 associates. Right now, maurices employs 425 associates spread among three different office buildings in downtown Duluth. When completed in 2016, the new corporate headquarters will consolidate those employees into one space, and provide room for the company to keep growing.
Project Received $8.5 Million in State Funding
In 2012, the project received $8.5 million in a competitive economic development grant from the Minnesota Department of Employment and Economic Development (DEED). These competitive grants were funded by a $500 million Jobs Bill signed into law by Governor Dayton in May of 2012. DEED awarded the grants to economic development projects statewide based on five criteria, including: project readiness, job creation, potential to leverage additional public and private investment, regional impact, and public benefit. The maurices project was among the top three ranked projects out of 37 finalists.