In the News

DEED Awards $1.5M in Grants to Six Businesses For Job-Creating Growth Projects Twin Cities Business Magazine 11/21/2018 DEED has awarded more than $1.51 million in grants to six Minnesota businesses. The selected beneficiaries are: Pinnacle Climate Technologies Inc., Windings Inc., Alula, Hydra-Flex Inc., New Plastics Plus Inc., and Bix Produce Company. The capital for the grants is sourced from the Minnesota Job Creation Fund, which was formed in 2013 by Governor Mark Dayton to support private businesses’ expansion projects that in turn generate jobs and support the state’s economy.

Unlike many cities, Chicago is losing people. Many of them are moving to Minnesota MinnPost - 12/04/18 In recent years, the Chicago metro area has seen its population stagnate, then shrink. As many metro areas see growth, it’s one of just a few big metro areas in the U.S. experiencing a population drop. Among the gainers from Chicago’s loss? Minnesota.

Recent Press Releases

State Exports Grow 6.5 Percent in Third Quarter

Sales of Minnesota agricultural, mining and manufactured exports grew 6.5 percent to $5.7 billion in the third quarter of 2018, according to figures released by DEED. Minnesota represents the 19^th largest gain in exports nationwide for this period. U.S. exports as a whole were up 8.1 percent during the same period.

Minnesota Unemployment Rate Steady at 2.8 Percent

Minnesota’s seasonally adjusted unemployment rate held at 2.8 percent in November, according to data released by DEED. In November, Minnesota lost 800 jobs on a seasonally adjusted basis. October’s previously announced gain of 3,400 jobs was reduced to 2,500 after revision. Minnesota’s unemployment rate remains the lowest since May 1999 and only three tenths of a point above the all-time low of 2.5 percent in both January and February 1999.