Minnesota’s Economic News – W/E 12/25/20
State and local taxes and spending
Morrison County Record: Relief programs beginning to roll out for affected businesses
NRHEG Star Eagle: CARES Act money mishandled across Southern Minnesota
Duluth News Tribune: High school students eligible for Minnesota unemployment insurance
KTTC: Walz to urge student workers to apply for unemployment assistance
Star Tribune: Excelsior raises tax levy 13.2% to cover infrastructure updates, other costs
Walker Pilot-Independent: Minnesota income tax brackets, standard deduction and dependent exemption amounts for 2021
Star Tribune: As federal stimulus rolls out, Minnesota businesses learning specifics on state aid
White Bear Press: Mahtomedi schools budget and levy to increase
Winona Post: Winona OKs roundabouts, new budget
Park Rapids Enterprise: Park Rapids School levy to increase by 0.14 percent
Economic development
Grand Rapids Herald Review: Line 3 will pour billions into our state’s economy
Duluth News Tribune: Reader’s View: Minnesota ready to reap benefits of Line 3
Economic growth
Duluth News Tribune: For travel and tourism industry, pandemic brought both short-term and lasting changes
Minn Post: Unemployment benefits pumped an estimated $9.5 billion into Minnesota’s economy in 2020
Labor market
Owatonna People’s Press: Minnesota’s unemployment rate falls to 4.4% in November
Trade
Grand Rapids Herald Review: Minnesota exports down 14% in third quarter due to impacts from COVID-19
John Phelan is an economist at the Center of the American Experiment.