The Duluth News Tribune highlighted Governor Dayton's regional economic development summit at the University of Minnesota – Duluth on Friday.
Over 150 people attended the summit, which was aimed at gathering the best ideas on job creation from Minnesotans and to highlight Minnesota’s strong business climate and economic development opportunities. See below:
Duluth News Tribune: Economic development forum in Duluth focuses on jobs
More than 150 people participated in an economic development forum at the University of Minnesota Duluth on Friday. Minnesota Gov. Mark Dayton sat with 14 other people on a panel in Kirby Ballroom that included state legislators, economic developers and people running area businesses.
The obvious topic was about how to create more jobs in what Dayton called a “different economic era.” He praised efforts in Duluth to revitalize its downtown as a sign that people working together “against the grain” can overcome economic obstacles.
The funding, from President Obama’s Small Business Jobs Act, will provide loan guarantees to lenders making loans to Minnesota small businesses, make money available to lenders for direct loans of up to $150,000 and provide seed money for angel investment funds.
“This award is great news for Minnesota businesses, which are having difficulties accessing the capital necessary to expand and provide new jobs in our state,” said Gov. Mark Dayton. “President Obama’s initiative will mean more jobs for Minnesota.”
"These funds will help break down barriers to loans for creditworthy small businesses looking to invest and hire in their local communities," said U.S. Treasurer Rosie Rios. "This program will help ensure that more Main Street entrepreneurs have access to the credit they need to expand their businesses and create new jobs."