Minnesota Makes Its Case for ADM
Minneapolis Star Tribune-10/09/13
ADM representatives met last week in St. Paul with officials from DEED and Greater MSP. No formal financial incentive plan was offered, although ADM was told about the type of programs that were available.
ADM Encounters Obstacles in Illinois
ADM is seeking a $24 million, 20-year incentive from the state of Illinois to move its headquarters from Decatur to Chicago, but not everyone in Springfield is enamored with the idea.
Duluth News Tribune-10/07/13
AAR Aircraft Services, which DEED helped with a Minnesota Investment Fund grant last year, has already exceeded its first-year hiring goals and is looking for more help at its Duluth facility.
Inventors Congress Heads to Twin Cities
St. Paul Pioneer Press, 10/11/13
The Minnesota Inventors Congress is taking its annual show to the Twin Cities in 2014, thanks to a two-year grant from DEED. Program Director Deb Hess says the move will help the event attract a larger crowd.
Minnesota ranked ninth on the CNBC list of the 10 richest states in America,with a median household income of $58,906.
Export Initiative Wins National Award
The Minnesota Trade Office, the city of Minneapolis and GREATER MSP were honored last week by the International Economic Development Council (IEDC) for their effort to drive economic growth in the Twin Cities by increasing exports. Their “Minneapolis-Saint Paul Export Plan” won a bronze award during the 2013 IEDC annual conference in Philadelphia on Tuesday.
The latest issue of Trends has been posted on the DEED website, featuring a story that breaks down unemployment numbers in Minnesota by race, gender, education and other characteristics. Other stories in this issue look at how well DEED’s Dislocated Worker Program matches jobs with training, what’s happening with per capita personal income in the state and what the latest Job Vacancy Survey found.
Why IT Jobs are Hard to Fill
In the latest findings in DEED's ongoing Hiring Difficulties Study, employers said 37 percent of their openings in IT were hard to fill. A lack of skills, however, was the main factor in only about one-third of those difficult-to-fill openings. Other factors that made IT jobs hard to fill included uncompetitive wages, inconvenient work hours, poor work locations, or a mix of skills deficiencies and unattractive job characteristics.