DEED Roundup – October 1, 2018

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October 1, 2018

DEED in the News

Newest Solar Factory in the Country Opens on the Iron Range
Minnesota Public Radio-9/25/18

Man with a solar panel

Solar panel maker Heliene is investing more than $18 million to get a 25,000-square-foot factory up and running in Mountain Iron, after another manufacturer abandoned it last year.

Earlier this year the state of Minnesota authorized $3.5 million in loans to expand the facility and purchase state-of-the-art equipment. Iron Range Resources and Rehabilitation funded half of the loan, DEED the other half.

Inclusive Hiring Can Ease Minnesota's Worker Shortage
Minneapolis Star Tribune-9/24/18

Minnesota's low unemployment rate and other job measures can be called signs that a long-predicted demographic squeeze now has the state's economy in its grip. But as DEED has stressed, the labor supply has not run dry yet — not while the unemployment rate among black and Hispanic Minnesotans is still twice as high as white unemployment.

Roseville-based Calyxt Reaches Deal With Soybean Processor
Minneapolis Star Tribune-9/29/18

Minnesota-based gene-editing firm Calyxt has found a market for its new, healthier type of soybean, announcing a deal with a soybean processor in Iowa. The agreement with American Natural Processors, a non-GMO processor of oils, flours and meals based in Cherokee, Iowa, means that products made with Calyxt’s high-tech soybeans could start hitting the market this year or by early 2019.

Calyxt was approved for a $477,000 grant from DEED's Job Creation Fund in 2016 to build a new headquarters in Roseville.

Minnesota Manufacturing Week

Manufacturing machinery

This week is Minnesota Manufacturing Week, an annual event that celebrates one of the state's most important industries. Manufacturers employ more than 326,000 people in Minnesota, accounting for roughly 1 in 9 jobs. A number of events are planned during the week, including tours at manufacturing facilities around the state. Gov. Dayton recently signed a Minnesota Manufacturing Week proclamation, noting workers in the sector took home $21 billion in wages last year. Read more details about Minnesota Manufacturing Week.

Recent Blog Posts

Woman at computer

Minnesota joins other states each year to recognize the contributions of workforce professionals who play a vital role in meeting the needs of the state’s job seekers and employers. The latest blog includes a list of key workforce development resources, programs and successes at DEED.

Did You Know?

Older woman

Minnesota has the third-lowest poverty rate in the country, with 9.5 percent of the population living below the poverty line, according to 2017 U.S. Census Bureau data. New Hampshire has the lowest poverty rate, followed by Maryland. The overall U.S. poverty rate is 13.4 percent. Visit Monthly Economic Snapshot on the DEED website to see more data about where Minnesota ranks in key economic indicators.