Minnesota’s Economic News – W/E 7/3/20
State and local taxes and spending
Winona Post: How will county spend millions in CARES Act funds?
Austin Daily Herald: DEED grant would put $10K in the pockets of small business
WCCO: Gov. Walz Unveils Plan For Distributing $853M In CARES Act Money Throughout State
Economic growth
Minneapolis/St. Paul Business Journal: Twin Cities metro construction starts are down 37% … and falling
Kare 11: Honeywell to close Coon Rapids plant
Star Tribune: Despite aid, Minnesota small businesses brace for bleak times
Star Tribune: Minneapolis Fed finds small businesses take deepest cuts to sales from pandemic shutdowns
Winona Daily News: Midwest Economy: June state-by-state glance
Finance & Commerce: Business leaders say Midwest economy improving
Star Tribune: Minnesota’s export-heavy manufacturing sector sees slower bounceback than the nation’s
Regulation
KSTP: New minimum wage increases go into effect in Minneapolis
John Phelan is an economist at the Center of the American Experiment.