Minnesota’s economic news, w/e 7/5/19
Economic development
Hometown Focus: $10 million available in 2019; an additional $10 million available in 2021
WCCO: Angel Tax Credit Returns To Minnesota In Hopes Of Making Minneapolis Competitive With Silicon Valley
KNSI: City awarded DEED grant
Mankato Free Press: Area communities get DEED grants
Brainerd Dispatch: 3 area cities receive DEED grants
KNSI: Central Minnesota companies awarded grants
Pine Journal: Carlton County airports generate millions in economic activity
Hutchinson Leader: DEED accepting Angel Tax Credit applicants
Labor market
Grand Forks Herald: New Minnesota wage theft law takes effect July 1
KROC: Possible sign of slight easing in Rochester’s tight labor market
Minn Post: As Minneapolis minimum wage ticks up, city prepares to address more violations
WCCO: Minneapolis Minimum Wage Increases By 1 Dollar, Eventually To $15 An Hour
Economic growth
Star Tribune: Trade winds, economic uncertainty can’t derail U.S., Minnesota stock market gains
WNAX: Mid America Economy Still Showing Signs of Growth
Winona Daily News: Survey suggests Midwest economic growth will continue
Star Tribune: Minnesota, regional factories grow, but slower than national pace
Rapid City Journal: OURS: A stronger economy benefits everyone
State and local taxes and spending
Mankato Free Press: Reader Response: Mankato should ask for bonding dollars
Agriculture
Ag Week: Rep. Peterson makes dire predictions for agriculture
John Phelan is an economist at the Center of the American Experiment.