Minnesota’s Economic News – W/E 9/11/20
Economic development
The National Law Review: UME Publishes Report On Economic Contribution Of The Biobased Economy In The State
Walker Pilot-Independent: Gov. Walz should allow Line 3 project to proceed
Duluth News Tribune: St. Louis County Board throws support behind Line 3 replacement
Fergus Falls Daily Journal: Recent Line 3 hindrance puts further strain on thousands in outstate Minnesota
Agriculture
Star Tribune: The pandemic revealed the weaknesses in our ag economy
Economic growth
Fox 47: The future of breweries: Rochester companies weathering the pandemic ahead of fall season
Minneapolis/St. Paul Business Journal: MN banks post 18% increase in 2Q net income; nationwide figures down
Labor market
KBJR 6: Unemployment rates declining, Twin Ports economy looking up
Fillmore County Journal: Minnesota’s unemployment rate falls to 7.7% in July; 32,500 payroll jobs added, led by leisure and hospitality gains
State and local taxes and spending
Bemidji Pioneer: County partners with Greater Bemidji to support businesses with CARES funding
Star Tribune: State to begin sending $300 payments to jobless this weekend
Star Tribune: St. Paul guaranteed $500 monthly income proposal hits a snag
John Phelan is an economist at the Center of the American Experiment.