Minnesota’s Economic News — W/E 4/8/22
State and local taxes and spending
KPVI: House passes Minnesota Renter’s Credit, but future in Senate remains in doubt
Fox 9: $500 rebate checks left out as Minnesota House, Senate release dueling tax relief plans
KTOE: Democrats, Republicans at MN Legislature draw official battle lines over education, tax cuts
Duluth News Tribune: $500 rebate checks don’t make Minnesota House, Senate tax plans, but new credits, rate cuts in the mix
Fox 9: Here’s what you’d get from rebates, tax breaks at Minnesota Capitol
Minnesota Reformer: House DFL ditches Walz checks in favor of refundable child tax credit
KTOE: MN Senate GOP increases push to eliminate all state income tax on Social Security benefits
KTOE: MN House Democrats’ tax cut plan targets low-, middle-income families
KFGO: Minnesota House Democrats call for $1.15B more for education
Star Tribune: Businesses pay for Legislature’s failure to act on unemployment fund
KSTP: Minnesota lawmakers remain at odds over tax policy, surplus spending
KTOE: Senate GOP tax plan re-ignites estate tax debate at MN Legislature
Pioneer Press: Minnesota Senate passes Republican majority’s tax cut bill
MPR News: Minnesota Senate passes tax cut bill
WCCO: Democrats And Republicans Weigh Dueling Tax Plans; ‘Walz Checks’ Left Out
Duluth News Tribune: After a contentious debate, Minnesota Senate OKs income tax cut, elimination of social security tax
KIMT 3: Minnesota State Senate passes long-awaited tax bill
WIZM: Minnesota Senate passes permanent tax cuts, to refund $9 billion surplus
Minnesota Reformer: Senate approves $8.4 billion in tax cuts, and adjourns for Easter Break
Trade
Star Tribune: What are Minnesota’s most exported products?
Economic development
The Journal: Immigrants bolster state economy, chamber told
Business North: IRRR Board awards $15.6 million in economic development funding in Northeastern Minnesota
The Timberjay: Economic opportunities continue to develop in Ely
Economic growth
Minneapolis/St. Paul Business Journal: Minneapolis’ mean annual wages in 2021 slipped compared to other metros
Duluth News Tribune: In Response: Praise for Biden’s American Rescue Plan ‘astounding’
Labor market
Faribault Daily News: There is an ‘opportunity mismatch’ in our workforce
Trade
Hometown Focus: State’s exports rebound to $24 billion in 2021