DEED in the News
 The Minnesota economy grew at a slower pace than the U.S. economy in the past year, but that doesn't necessarily indicate a problem. In fact, it might reflect one of the state's strengths.
Minnesota's economic diversity can insulate the state from the benefits of an economic boom, but it also works as a buffer against busts, said Neal Young, economic analysis director at DEED.
“The highs are maybe not quite as high, the lows are maybe not quite as low as some of those states that really have more of their eggs in one basket,” Young said.
|
Kensington is on its way to getting a new water tower. DEED recently announced a $600,000 grant for the tower from its Small Cities Development Program. It's the first large funding piece to be announced for the estimated $2.4 million project, which also will include replacing wells and deteriorating water mains and adding to the water treatment plant.
"We've been working at this for two years, and it's exciting to see it start to come together," said City Clerk Jennifer Kangas.
Recent Press Releases
Minnesota employers added 6,600 jobs in June, according to seasonally adjusted figures released by DEED last week. The latest figures brought state job growth over the past year to 45,517, an increase of 1.5 percent. The U.S. growth rate during that period was 1.7 percent. Minnesota now has a seasonally adjusted total of 2,962,300 jobs statewide, the most in state history. The unemployment rate held steady at 3.1 percent in June.
Serving Our Customers
Mexico – Minnesota's third-largest export market – offers vast and growing
opportunities for Minnesota companies. The Minnesota Trade Office will present a seminar on Aug. 3 that covers trends and opportunities in Mexico, market entry and expansion
considerations, navigating export sales, and assistance available to Minnesota
producers of goods
and services. Register here to participate.
|
|
