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2015 Job Picture Generally Improved
Minneapolis Star Tribune-1/2/16
The employment picture brightened for some — but not all — regions of Greater Minnesota in 2015, according to recent figures from DEED. Over the past 12 months, jobs in the Duluth metropolitan area increased by 1 percent, while the Rochester region saw a 0.1 uptick. But metro Mankato and St. Cloud saw the number of jobs drop by 1.4 and 0.4 percent, respectively.
Essar Accepts State's Final Offer
Minneapolis Star Tribune-12/31/15
After much hand-wringing, Essar Steel Minnesota accepted Gov. Mark Dayton’s “final ultimatum” to repay $66 million in state incentives the company received for a development project in the Iron Range. Under the agreement, Essar must begin payments in February 2016 and must pay at least $10 million to the state by March 31, 2016. The remaining $56 million of the loan will then be repaid in 16 quarterly installments beginning in 2017.
Minnesota's population is at an all-time high, reaching 5,489,594 people last year, according to the U.S. Census Bureau. The state ranks 21st nationally in population, just behind Wisconsin and just ahead of Colorado.
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Essar Steel Agrees to Repay State Loan
Gov. Dayton was notified by Essar Steel last Wednesday that the company has accepted his final offer for repayment of the state’s $66 million loan. “This project is tremendously important to the Iron Range, supporting more than 700 construction jobs and an expected 350 permanent jobs once the plant opens,” Gov. Dayton said. “Essar Steel Minnesota CEO Madhu Vuppuluri's willingness to accept the state’s final offer – and repay the loan because it did not live up to the terms of its original agreement – is an important step to move this project forward.”
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It's easier than ever to search for a job using your smartphone or tablet. Seven of CareerOneStop’s most popular career, training and job search tools are now mobile-ready. Read the details on our MinnesotaWorks.net blog. |
Finding the right foreign business partners is
essential to export success. But where and how do you start? The Minnesota Trade Office is offering a seminar on Wednesday, Jan. 13, that will help exporters find the best ways to locate, qualify, select and motivate independent
distributors and representatives.
Mark McNeil of McNeil Global Law in Minneapolis will be the guest speaker. There's still time to sign up. Registration information and other details are here.
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