Minnesota’s Economic News – W/E 11/27/20
Economic growth
Bring Me the News: MN hospitality industry demands relief ahead of 4-week shutdown
Business North: Minnesota Chamber releases business trends report
Fox 9: What Minnesota’s 4-week pause means for bars and restaurants
Fox 9: DEED: Minnesota’s four-week pause will cause ‘suffering’ for some businesses
High Plains Journal: Mid-America index soars to 16-year high; almost 8 of 10 manufacturers reported worker shortages
Economic development
Bemidji Pioneer: Launch Minnesota program shows promise regionally and statewide
Duluth News Tribune: Reader’s View: Northern Minnesota ‘beyond ready’ for Line 3
Star Tribune: Start-ups key to Minnesota post-virus economic recovery
The Center Square: U.S. Army Corp of Engineers grants Enbridge final permit for Line 3
Financial Post: Enbridge Line 3 clears important hurdle as U.S. Army Corps awards federal permit
Labor market
Red Lake Nation News: Minnesota’s Unemployment Rate Falls to 4.6% in October
KTOE: Minnesota’s unemployment rate drops
Hometown Focus: Minnesota’s unemployment rate falls to 4.6 percent in October
KEYC: Minnesota’s unemployment rate drops to 4.6%
KTOE: State officials say MN ready for expected jump in unemployment claims
St. Peter Herald: Minnesota’s unemployment rate falls to 4.6% in October
Twin Cities Business: A Mixed Bag: Minnesota’s October Jobs Report
Fillmore County Journal: Minnesota’s unemployment rate falls to 4.6% in October Drop due entirely to labor force participation declines; job growth continues with 13,200 payroll jobs added
State and local taxes and spending
Star Tribune: Millions in ‘sin taxes’ flowing into Minnesota’s coffers during COVID-19 pandemic
Mankato Free Press: Our View: State must offer business aid
Star Tribune: As COVID surges, many businesses are struggling to survive
Albert Lea Tribune: Minnesota’s next budget forecast coming Dec. 3
Mankato Free Press: Towns facing increased costs across state
KAALTV: Walz to announce legislative package for COVID-19 relief
International Falls Journal: Local property tax levies get hearings
Kare 11: Gov. Walz, House Republicans unveil separate COVID-19 relief packages
Star Tribune: Gov. Tim Walz, lawmakers aim for pandemic relief for businesses
John Phelan is an economist at the Center of the American Experiment.