Minnesota’s Economic News — W/E 3/8/24
State and local taxes and spending Star Tribune: Proposal would tax Minnesota farmers to help pay for cleanup of nitrate pollution Duluth News Tribune: Our View: New tax credit can…
State and local taxes and spending Star Tribune: Proposal would tax Minnesota farmers to help pay for cleanup of nitrate pollution Duluth News Tribune: Our View: New tax credit can…
Day laborers line up for blocks along West Lake Street in south Minneapolis looking for work. Around 10 am this morning, two colleagues of mine visited this intersection just west…
As new markets open up, entrepreneurs rush in to fill the demand. An alert reader sent me this picture taken Friday, March 1, of a bus parked at a south…
A drilling crew boring some 2,000 feet under the surface of the northern Minnesota wilderness has found what they were looking for. Namely, confirmation of a rich pocket of helium…
Economic growth KFGO: U of M study shows ethanol generated $6.6 billion in economic activity in Minnesota Star Tribune: Chris Farrell: Productivity growth has led to our economic growth Minnesota…
I’ve written before about how Minnesota’s state government is trying to offset the residents driven out of the state by its ever-higher-tax policies with those attracted here by the state’s…
In a newly introduced bill SF 4019, three DFL senators have suggested gradually raising Minnesota’s minimum wage for all employers to $20 by 2028. Currently, large employers pay $10.85 an…
Yesterday, I wrote about a bill being pushed by three DFL Senators — McEwen, Seeberger, and Hoffman — which would erect a costly regulatory apparatus to govern who could buy, sell, or use…
Last week, I released my new Policy Briefing, “Counteracting Regulatory Burdens,” which calls for state policymakers to enact a Pay-as-You-Go provision whereby new regulatory requirements or costs must be offset…
Regulation NFIB: Small Businesses to Minnesota Legislature: Stop the Mandate Madness Minnesota Reformer: Minnesota Chamber of Commerce urges lawmakers to quell new mandates, spending WCCO: Bill aims to ban restrictive…
A state government has two categories of economic policy levers available to it: the first is fiscal policy, taxes and spending, and the second is regulatory policy. Burdens of regulation…
State and local taxes and spending KNSI: IRS gives Minnesota a final ‘no’ on exempting state tax rebates from federal taxes Axios: “No new taxes”: Minnesota Senate tax chair vows…
Minnesota and its neighbors operate a range of different economic policies. Our state imposes some of the highest income taxes in the United States, ranking 43rd on the Tax Foundation’s…
Despite the record amount of money that lawmakers poured into child care last legislative session to make it more affordable, signs are appearing that it wasn’t enough to make a…
Labor market Minnesota Reformer: Why did unionization decline in Minnesota? KROC: SE Minnesota experienced higher unemployment in December NFIB: The DFL’s $20 Billion Spending Spree Put Minnesota on Thin Ice…
The Cowles Center for Dance and the Performing Arts announced yesterday that it will be closing for good, ending performances on March 31. In doing so, Cowles cancelled performances scheduled…
Labor market Willmar Radio: Minnesota unemployment rate dips below 3% Lakes Area Radio: December Employment Numbers For Minnesota Released Duluth News Tribune: Unusually warm December caused job market changes in…
To know what is going on in Minnesota it is sometimes as useful to look at what our state’s media doesn’t say as at what it does say. Number of…
Over the last couple of weeks, I’ve written about how Minnesota and its neighbors have very different economic policies but very similar employment outcomes and how they do have similarly high…
State and local taxes and spending MPR News: Minnesota leaders in St. Paul, Washington push to drop federal tax on rebate checks Mesabi Tribune: Stauber pushing to eliminate rebate taxation…
Entrepreneurship is the engine of growth in the economy. New businesses are not only responsible for creating the majority of new jobs, but they also have an outsized impact on…
Last September, I wrote about a report from the Center For Rural Policy and Development, which found that: In 2020 and 2021, the decades-long trend of population loss in rural counties…
Americans have had their incomes hit hard by inflation over the last three years, as Figure 1 shows, with the annual change in the Consumer Price Index rising from 1.4%…
Over the last couple of weeks, I’ve written about how Minnesota and its neighbors have very different economic policies but very similar employment outcomes and how they do have similarly…