Minnesota’s Economic News – W/E 4/30/21
State and local taxes and spending
The Neighbor: Minnesota House passes plan to raise high-earner taxes, exempt some PPP loans and unemployment benefits
Duluth News Tribune: Statewide View: House tax plan would hurt families, undermine economic recovery
Minn Post: Minnesota House passes tax plan
Grand Forks Herald: Our view: It’s time for Minnesota lawmakers to fix the state’s PPP mess
Brainerd Dispatch: Minnesota Chamber of Commerce continues its call for state to end PPP taxation
The Globe: Letter: Now is not the time for raising taxes
The Center Square: Minnesota firms would pay a combined corporate tax rate of 35.1% under Biden plan
Grand Forks Herald: Minnesota Chamber of Commerce commits to voicing concern over issues on U.S.-Canada border
WDIO: As Hollywood productions pick up again, film tax credit bills could bring filmmakers to MN
Twin Cities Business: Minnesota historic rehabilitation tax credit saved Dayton’s building, Schmidt brewery. Now it needs saving.
KTOE: Measure in MN Senate GOP tax bill would ban taxes on food, packaging, plastic bags
KTOE: MN Senate to debate tax bill, big battle with House still ahead
Brainerd Dispatch: Tax relief, proposed hikes at the fore as Minnesota legislators start to hammer out tax bill
Duluth News Tribune: Our View: End distasteful tax on COVID-19 relief
Minn Post: Why Minnesota House Democrats keeping talking about 2019 at the 2021 legislative session
KXRA: GOP-Controlled Minnesota Senate Passes Tax Bill Without Increases
KROC: Report Suggests Minnesota Budget Surplus Continues to Grow |
Labor market
International Falls Journal: Minnesota’s unemployment rate ticks down in March; Logging, mining shows strength
WCCO: Punch Pizza Announces $15 Starting Wage And Other Career Incentives
Twin Cities Business: Will Hospitality Workers Get Their Jobs Back?
KAAL TV: Unemployment rates fall statewide for third month in a row
Grand Rapids Herald Review: Unemployment rate ticks down in March
Yahoo News: Minnesota pizzeria estimates $500K in losses for $15 wage
Star Tribune: A new unemployment problem: it pays too well
Albert Lea Tribune: Job vacancies bounce back above 127,000 in fourth quarter 2020 across Minnesota
Star Tribune: As Duluth’s economy reopens, where are the workers?
Minneapolis/St. Paul Business Journal: Even after disruptive year, software firms’ biggest challenge is still hiring
Economic development
St. Cloud Times: Boost Minnesota’s economy, free up inventions
Grand Forks Herald: $1.67 million from Job Creation Fund to help six businesses in Minnesota
Economic growth
KSTP: Some Twin Cities business making pandemic pivot indicative of an economic recovery
International Falls Journal: Minnesota economic recovery outlined in new report
Finance & Commerce: Minnesota on the Mend: Moorhead looks to bounce back
John Phelan is an economist at the Center of the American Experiment.