DEED Roundup – May 29, 2018

Roundup (rounded) header

May 29, 2018

DEED in the News

Three Low-Income Areas in St. Cloud Named Opportunity Zones
St. Cloud Times-5/18/18

St. Cloud water tower

Some low-income and ripe-for-redevelopment areas in St. Cloud could soon be injected with thousands — even millions — of dollars in private investments. 

They were on a list of federal Opportunity Zones announced by DEED earlier this month. The investment initiative was created by Congress in the 2017 tax bill to encourage long-term investments in low-income urban and rural communities. 

We see this as a big deal, a huge opportunity for dramatic investment," said John Uphoff, executive director of the Benton Economic Partnership Inc. 

Minnesota Teenagers Heading Out for Summer Jobs
KARE 11-5/23/18

Young people

Summer is almost here and that means kids are antsy to get out of school and start having more fun. But many teens will be busy working this summer.

A DEED analysis found that teen job participation is up in the past five years from 46 percent to 52 percent. That compares to a national participation rate of 35 percent last summer. DEED also found that Minnesota's teen unemployment rate dropped to 7.7 percent as of March 2018.

Recent Press Releases

Minnesota Exports at $5.3 Billion in 2018 First Quarter

Sales of Minnesota agricultural, mining and manufactured exports soared 9 percent to a first quarter record of $5.3 billion. DEED said Minnesota businesses exported 930 different products to 187 countries during the quarter. U.S. exports were up 8 percent during the period, with 45 states reporting increased export sales.

Serving Our Customers

Veterans Career Fair logo

The 12th annual Veterans Career Fair is scheduled for Wednesday, July 18, at the Earle Brown Heritage Center in Brooklyn Center. Participating employers have been encouraged to offer veterans full-time jobs with benefits and family-sustaining wages.
The DEED website has more details, including a full
list of companies that are attending this year.

Did You Know?

Fortune 500 logo

Two Minnesota companies, Polaris Industries and Securian Financial Group, were added to the 2018 Fortune 500 list that was announced last week. Minnesota now has 19 companies on the Fortune 500, led by UnitedHealth Group at No. 5.