Minnesota’s Economic News — W/E 5/24/24

Economic development

Minnesota Reformer: Lawmakers expected to fund infrastructure, economic development projects on Iron Range

Labor market

KEYC: Minnesota’s unemployment rate holds steady for 6th month in a row

Willmar Radio: Minnesota’s unemployment rate stays steady at 2.7%

KNSI: There Was A Spring In Hiring Managers’ Steps in April: Minnesota Payrolls Add Thousands of Jobs

KROC: Rochester Area Job Growth Rate Continues to Lead in Minnesota 

Minnesota Reformer: New ride-hail company promises drivers higher wages than Uber — and other labor news

Axios: “True” unemployment for Twin Cities is around 19%: Report

MPR News: Why are there so many remote workers in Minnesota compared to other states?

State and local taxes and spending

Moose Lake Star Gazette: Taxed to death

KROC: Minnesota revenues hit $3.67 billion in April

Bloomberg Tax: Minnesota Enacted Commerce Legislation, Includes Excise Tax and Tax Lien, Collections Provisions

Northern News Now: Iron Range property tax cuts expected through $80 million in grants

Grand Forks Herald: Minnesota lawmakers pass reforms to property forfeiture law

Minnesota Reformer: The ginormous tax bill had very few actual tax provisions; here’s what they are

KROC: Rochester School Board OK’s Putting Tax Hike Question on Ballot 

The Timberjay: Tower, Ely to receive millions in new tax law

Star Tribune: Proposal to use Target Field sales tax for Hennepin County health care facilities stalls at the Capitol


Minnesota Reformer: Uber and Lyft agree to deal with state lawmakers on minimum pay rates for drivers

Axios: Uber, Lyft agree to stay in Minnesota after top Democrats reach statewide driver pay deal

KSTP: Minnesota lawmakers, Gov. Walz reach rideshare deal

Kare 11: MN lawmakers reach deal on rideshare apps

MPR News: Legislative session ends Sunday, unclear if rideshare and other bills will become law

Minneapolis/St. Paul Business Journal: Uber, Lyft to stay in Minnesota after Legislature passes bill boosting driver pay

Star Tribune: Minnesota Legislature approves minimum pay for Uber and Lyft drivers in final hours of session

Fox 9: Uber and Lyft say they will stay in Minnesota

Bloomberg Law: Minnesota Modifies Minimum Wage, Labor Standards Laws

Minnesota Reformer: Governor signs ‘junk fee’ ban into law

KSTP: Minneapolis to drop rideshare minimum wage plan, look to future, council member says

PBS: Uber and Lyft say they’ll operate in Minnesota after Legislature passes driver pay compromise

Sahan Journal: Rideshare drivers group says fight isn’t over after lawmakers strike deal on pay

Minnesota Reformer: Here’s what’s in the bill regulating Uber and Lyft driver pay and labor standards

Star Tribune: What Minnesota’s new ‘junk fees’ law means for purchases — and tipping at restaurants

Star Tribune: New Minnesota law will require salary ranges in job postings

Fox 9: Job posting salary range required now in Minnesota under new law

Fox 9: Minneapolis rideshare ordinance recalled by council after Legislature passes proposal

Axios: In bid to reduce wage gaps, Minnesota will require salary ranges on new job postings

Star Tribune: Minneapolis wonders: Was rideshare deal worth the trouble?

Economic growth

Morning Ag Clips: 2023 Southern Minnesota Farm Income Shows Sharp Decline

Star Tribune: Embrace the economic benefits of immigration