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Minnesota’s Economic News – W/E 8/7/20

State and local taxes and spending

The Center SquareMinnesota residents pay $1.22 per gallon in wine taxes

KROC: A Proposed New Tax To Pay For Rochester’s Parks

Pioneer Press: Coronavirus impact on MN finances: Possible $7 billion hole projected over 3 years

West Central TribuneConservation lands generate Payment in Lieu of Taxes for area counties

Minn Post: Minnesota facing $4.7 billion budget deficit

KPBSMinnesota Has Lost A Greater Share Of Revenue Than Most States Due To COVID-19

Duluth News TribuneUpper Midwest state lawmakers, lobbyists say federal coronavirus aid to states is ‘harmful’

Minneapolis/St. Paul Business JournalMinnesota tax law is blocking efforts to clear rubble from riot-damaged businesses

Minneapolis/St. Paul Business JournalDEED awards grants to malls housing ethnic-minority owned businesses

Star TribuneLocal governments around Minnesota need federal help in this continuing crisis

Labor market

Star TribuneTrades Hub helps young workers find Minnesota manufacturing jobs, scholarships

Economic development

Duluth News TribuneLocal View: Rep. McCollum dividing northern Minnesota, threatening job creation

Regulation

MPR NewsComing up: How is the mask mandate impacting Minnesota business owners?

Brainerd DispatchOur Opinion: Our health and economy depend on us wearing masks

Economic growth

Star TribuneBusiness leaders say economy still improving after reopening

WNAXMid America Economy Showing More Signs of Recovery

WCCOMinneapolis Federal Bank Head Kashkari: Fear A Major Factor In Economic Decline

International Falls JournalEconomic data show early signs of Minnesota’s COVID-19 recovery

Star TribuneMinnesota’s manufacturing sector bounces back to growth, but still has ways to go

Kare 11Health and economy experts worry about long-term impact of COVID-19 fight

Winona Daily NewsBusiness leaders say economy still improving after reopening

Mille Lacs MessengerEconomic data shows early signs of recovery amid COVID-19

Hutchinson LeaderMinnesota’s construction industry hit hard by COVID-19

Agriculture

Star TribuneBumper Minnesota corn crop on tap as prices founder

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

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