Minnesota’s Economic News — W/E 4/11/25
Economic growth
Star Tribune: Minnesota stocks plummet as tariffs’ impact spooks consumers and companies
Star Tribune: Minnesota company stocks tank amid larger market downturn
Business Record: Economic indicators result in mixed reporting for Midwest region
Star Tribune: Ramstad: Even if Trump pushes us into recession, Minnesota must keep working on its problems
WCCO: Small businesses in Minnesota adjust amid Trump’s tariffs
MPR News: ‘We’re already on thin margins’: Minnesota retailers react to the potential global tariffs
Kare 11: Local entrepreneur worries about losing her business and home due to Trump’s 125% tariffs on China
Labor market
St. Cloud Live: St. Cloud area adds jobs, labor force shrinks
KDHL: Rochester Hits 3% Unemployment for First Time Since 2021
MPR News: Federal jobs watch: Just-released February jobs report shows few losses in Minnesota
Star Tribune: Benefits, bonuses and an ‘action plan’: Help may be in store for laid-off Minnesota federal workers
Agriculture
Brownfield Ag News: Minnesota net farm income sinks to lowest level this century
Kare 11: Minnesota soybean farmers waiting with bated breath as a trade war with China hangs in the balance
State and local taxes and spending
Star Tribune: Minnesota cities scramble as Trump cuts threaten infrastructure projects
Strong Towns: Cities Are Not Nations: The Hard Budget Reality of Brainerd, Minnesota
NFIB: NFIB Minnesota Touts Strong Support for 20% Small Business Tax Deduction
Kare 11: Minnesota DFL lawmakers propose tax on social media companies that collect user data
Pioneer Press: Proposed tax on social media platforms in Minnesota could raise over $300M
Minnesota Reformer: Minnesota Republicans skeptical of DFL’s proposed new tax on social media
WCCO: Minnesota proposal would impose tax on social media platforms based on number of users
Star Tribune: Arts and culture organizations add billions to Minnesota’s economy. Federal funding they rely on is at risk
MPR News: Minnesota rolls out dashboard tracking federal funding cuts in the state
Trade
Star Tribune: Small Minnesota company is leaving goods in China because it can’t afford tariffs
Regulation
Sahan Journal: Minneapolis may overhaul rules for street vendors, bringing carts to more neighborhoods
Economic development
MPR News: Sen. Smith introduces bill to ban copper mining near the Boundary Waters