Minnesota’s economic news, w/e 6/12/20
Economic growth
The Neighbor: Minnesota riot ravaged minority-owned businesses
The Center Square: GDP in Cook County dropped 20.5% over 5 years
Star Tribune: Minnesota Gov. Tim Walz loosening restrictions on restaurants, salons, gyms, pools June 10
KIMT 3: How is Minnesota’s economy faring?
Willmar Radio: Governor turns the volume up a little more on reopening Minnesota economy
Star Tribune: Minnesota Gov. Tim Walz loosening restrictions on restaurants, salons, gyms, pools June 10
Kare 11: Walz announces ‘phase 3’ for reopening Minnesota
KNSI: More businesses preparing to reopen Wednesday
MPR News: As economy continues to reopen, Duluth moves to ‘normalize’ masks
Grand Forks Herald: Lesson learned from brutal economic setback
KSTP: Phase Three of the Governor’s plan for reopening Minnesota goes into effect Wednesday
WCCO: Gov. Walz Convenes Special Session, To Focus On Police Reform & Minnesota’s Economic Recovery
KXRA: New 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 Dispatch: Lakes area businesses join call for full reopening
Agriculture
The Farmer: Predicted hog farm closures have high economic impact
CBS News: COVID-19 exacts a high cost from Minnesota hog farmers
Labor market
The Center Square: Pace of Minnesota unemployment slows, but claims still near 440,000
Kare 11: Minnesota turns to feds to fund unemployment insurance
WCCO: Unemployment Unexpectedly Drops, But Full Recovery Not Imminent
Minneapolis/St. Paul Business Journal: Report: Immigrants make up 11% of Minnesota’s workforce
Bring Me the News: 2 companies announce mass layoffs in Minnesota due to COVID-19
Economic development
Park Rapids Enterprise: Letter: Minnesota needs Line 3
Bemidji Pioneer: Letter to the editor: Demand for oil isn’t going away anytime soon
Minn Post: Can energy companies help Minnesota’s economy recover from the COVID pandemic?
Star Tribune: Minnesota’s economy chief Steve Grove was tasked to focus on the ‘innovation economy.’ Then everything hit
State and local taxes and spending
St. Cloud Times: Jobs should not be used as a political bargaining chip
Fairmont Sentinel: Legislature needs to make sensible choices
Faribault Daily News: Go big or go home: A massive infrastructure bill would benefit all Minnesotans
WCCO: Gov. 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