Minnesota’s Economic News – W/E 9/11/20

Economic development

The National Law ReviewUME Publishes Report On Economic Contribution Of The Biobased Economy In The State

Walker Pilot-IndependentGov. Walz should allow Line 3 project to proceed

Duluth News TribuneSt. Louis County Board throws support behind Line 3 replacement

Fergus Falls Daily JournalRecent Line 3 hindrance puts further strain on thousands in outstate Minnesota


Star TribuneThe 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 JournalMN 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 JournalMinnesota’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 PioneerCounty partners with Greater Bemidji to support businesses with CARES funding

Star TribuneState to begin sending $300 payments to jobless this weekend

Star TribuneSt. Paul guaranteed $500 monthly income proposal hits a snag

John Phelan is an economist at the Center of the American Experiment.