On Tuesday, Governor Dayton and DFL legislative leaders held a press conference to talk about middle class investments made in the Minnesota state budget
The budget passed by Governor Dayton and the DFL legislature puts fairness back in the system. It strengthens Minnesota’s middle class and our economy by lowering property taxes and making investments in education and job creation to move Minnesota forward.
The budget closes the deficit for the long term and makes spending cuts and reforms. It pays for new investments in education and job creation by asking the richest 2% of Minnesotans to pay their fair share and closing corporate tax loopholes.
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Continuing its mission to promote Minnesota small business, the Minnesota Department of Employment and Economic Development (DEED) launched a new blog today aimed at providing practical guidance for aspiring entrepreneurs and new business owners in Minnesota.
Dubbed Minnesota Business 101, the weekly blog touches on topics ranging from how to organize and register a business to licensing, regulations and financing. It will focus primarily on helping new business owners navigate through DEED’s Guide to Starting a New Business in Minnesota.
“Small businesses re the driving force of the economy and account for half of our private sector jobs in Minnesota,” said DEED Commissioner Katie Clark Sieben. “This new blog is just one tool we are using to connect those hoping to start a small business with the expertise and resources we offer at DEED.”
Minnesota Business 101 will also include videos offering expert guidance from DEED consultants, advice from real Minnesota small-business owners, and profiles of small businesses. The blog launches today and will appear on Mondays in the future. Check it out at: http://mnbusiness101.wordpress.com/.
DEED is the state’s principal economic development agency, promoting business recruitment, expansion and retention, workforce development, international trade and community development. For more details about the agency and our services, visit DEED at www.PositivelyMinnesota.com. You can also follow DEED on Twitter at www.twitter.com/PositivelyMN.
This month, Governing Magazine (one of the most credible sources of nonpartisan news and policy analysis covering state and local governments) reported the results of a new survey conducted by Thumbtack.com and the Ewing Marion Kauffman Foundation ranking the Most (and Least) Small Business-Friendly States in the country.
According to the survey, Minnesota ranked 11th in the nation for overall business friendliness, confirming our state remains one of the best places in the United States to start, own, and expand a small business.
According to Governing Magazine:
“When it comes to how business-friendly an area is, smaller companies care about much more than just taxes...Training and networking programs were found to be the best predictor of overall scores, followed by a state’s economy and licensing requirements.
“In fact, the majority of businesses surveyed didn’t think their taxes were unfairly high. The larger the business, though, the more negatively it perceived its taxes.
“When a small business owner decides where to set up shop, they’re most likely to choose where they already reside. For this reason, taxes typically aren’t their chief concern initially, said Katie McConnell, a senior associate with the National League of Cities’ Center for Research and Innovation.”
Neighboring Wisconsin ranked 17th for overall business friendliness, and Iowa ranked 21st. In addition to being ranked the 11th best state to own a small business, Minnesota received an A- grade for overall business friendliness, which was a marked improvement from the B grade Minnesota received in 2012.
You can read more about the survey, and how Minnesota’s small business environment compares to other states, on the Governing.com website.
Minnesotans need a strong economy we can depend on for good jobs, living wages, and a strong middle class. That is why Governor Dayton’s budget invests in measures to create jobs, strengthen our infrastructure, and make Minnesota a more competitive place to do business. These investments will yield new jobs, vibrant communities, and additional state and local tax revenues that will far exceed these initial investments.
Investing an Additional $86.5 million in Economic Development
Creating thousands of jobs by leveraging $1.475 billion in private investment.
Saint Paul – This morning, Governor Dayton released his bonding proposal which would put 21,000 Minnesotans back to work on critical projects to improve Minnesota’s infrastructure. Leaders representing working families from around the state welcomed the Governor’s proposal and lauded him for his commitment to creating good jobs in Minnesota.
“Governor Dayton recognizes that despite strong job growth over the last year, we cannot simply rest on our laurels and hope that growth continues. Governor Dayton’s jobs and infrastructure bill is a proactive plan that will create 21,000 new private sector jobs. This is especially good news for workers in the building and construction trades, a sector that has not experienced the same post-recession rebound that other industries have. Minnesota will only maintain our economic leadership if we make investments in our future. Governor Dayton recognizes that improving our aging infrastructure is part of that future. We are confident that Legislators also recognize the need to create jobs and improve our infrastructure and will send a bill to the Governor’s desk this session.”
- Minnesota AFL-CIO President Shar Knutson
“I applaud Governor Dayton for proposing investments in Minnesota’s infrastructure. This proposal will put construction workers to work in every corner of Minnesota repairing, rebuilding, and expanding public structures and facilities that will benefit us all.”
- John Raines, Executive Secretary-Treasurer, North Central States Regional Council of Carpenters
“With today’s announcement, Governor Dayton demonstrated his continued commitment to creating good jobs here in Minnesota. Investments in our infrastructure will put thousands of Minnesotans back to work on projects that will position our state for success in the future.”
- Harry Melander, President, Saint Paul Building & Construction Trades Council