Minnesota’s Economic News – W/E 8/7/20
State and local taxes and spending
The Center Square: Minnesota residents pay $1.22 per gallon in wine taxes
KROC: A Proposed New Tax To Pay For Rochester’s Parks
Pioneer Press: Coronavirus impact on MN finances: Possible $7 billion hole projected over 3 years
West Central Tribune: Conservation lands generate Payment in Lieu of Taxes for area counties
Minn Post: Minnesota facing $4.7 billion budget deficit
KPBS: Minnesota Has Lost A Greater Share Of Revenue Than Most States Due To COVID-19
Duluth News Tribune: Upper Midwest state lawmakers, lobbyists say federal coronavirus aid to states is ‘harmful’
Minneapolis/St. Paul Business Journal: Minnesota tax law is blocking efforts to clear rubble from riot-damaged businesses
Minneapolis/St. Paul Business Journal: DEED awards grants to malls housing ethnic-minority owned businesses
Star Tribune: Local governments around Minnesota need federal help in this continuing crisis
Labor market
Star Tribune: Trades Hub helps young workers find Minnesota manufacturing jobs, scholarships
Economic development
Duluth News Tribune: Local View: Rep. McCollum dividing northern Minnesota, threatening job creation
Regulation
MPR News: Coming up: How is the mask mandate impacting Minnesota business owners?
Brainerd Dispatch: Our Opinion: Our health and economy depend on us wearing masks
Economic growth
Star Tribune: Business leaders say economy still improving after reopening
WNAX: Mid America Economy Showing More Signs of Recovery
WCCO: Minneapolis Federal Bank Head Kashkari: Fear A Major Factor In Economic Decline
International Falls Journal: Economic data show early signs of Minnesota’s COVID-19 recovery
Star Tribune: Minnesota’s manufacturing sector bounces back to growth, but still has ways to go
Kare 11: Health and economy experts worry about long-term impact of COVID-19 fight
Winona Daily News: Business leaders say economy still improving after reopening
Mille Lacs Messenger: Economic data shows early signs of recovery amid COVID-19
Hutchinson Leader: Minnesota’s construction industry hit hard by COVID-19
Agriculture
Star Tribune: Bumper Minnesota corn crop on tap as prices founder
John Phelan is an economist at the Center of the American Experiment.