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Minnesota’s economic news, w/e 6/12/20

Economic growth

The NeighborMinnesota riot ravaged minority-owned businesses

The Center SquareGDP in Cook County dropped 20.5% over 5 years

Star TribuneMinnesota Gov. Tim Walz loosening restrictions on restaurants, salons, gyms, pools June 10

KIMT 3: How is Minnesota’s economy faring?

Willmar RadioGovernor turns the volume up a little more on reopening Minnesota economy

Star TribuneMinnesota Gov. Tim Walz loosening restrictions on restaurants, salons, gyms, pools June 10

Kare 11Walz announces ‘phase 3’ for reopening Minnesota

Fox 9Gov. Walz loosens coronavirus-related restrictions on restaurants, gyms, churches, entertainment venues

KNSI: More businesses preparing to reopen Wednesday

MPR NewsAs economy continues to reopen, Duluth moves to ‘normalize’ masks

Grand Forks HeraldLesson learned from brutal economic setback

KSTPPhase Three of the Governor’s plan for reopening Minnesota goes into effect Wednesday

WCCOGov. Walz Convenes Special Session, To Focus On Police Reform & Minnesota’s Economic Recovery

KXRANew coalition works to safely reopen Minnesota’s economy

Alexandria Echo Press: Coalition, including Alexandria Lakes Area Chamber of Commerce, urges Walz to allow businesses to fully open

Brainerd DispatchLakes area businesses join call for full reopening

Agriculture

The FarmerPredicted hog farm closures have high economic impact

CBS NewsCOVID-19 exacts a high cost from Minnesota hog farmers

Labor market

The Center SquarePace of Minnesota unemployment slows, but claims still near 440,000

Kare 11Minnesota turns to feds to fund unemployment insurance

WCCOUnemployment Unexpectedly Drops, But Full Recovery Not Imminent

Minneapolis/St. Paul Business JournalReport: Immigrants make up 11% of Minnesota’s workforce

Bring Me the News2 companies announce mass layoffs in Minnesota due to COVID-19

Economic development

Park Rapids EnterpriseLetter: Minnesota needs Line 3

Bemidji Pioneer: Letter to the editor: Demand for oil isn’t going away anytime soon

Minn PostCan energy companies help Minnesota’s economy recover from the COVID pandemic?

Star TribuneMinnesota’s economy chief Steve Grove was tasked to focus on the ‘innovation economy.’ Then everything hit

State and local taxes and spending

St. Cloud TimesJobs should not be used as a political bargaining chip

Fairmont SentinelLegislature needs to make sensible choices

Faribault Daily NewsGo big or go home: A massive infrastructure bill would benefit all Minnesotans

WCCOGov. Walz Convenes Special Session, To Focus On Police Reform & Minnesota’s Economic Recovery

KBJR 6: Gov. Walz calls special session focusing on police reform & economic recovery

John Phelan is an economist at the Center of the American Experiment. 

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