In the News
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A state program that encouraged investment in Minnesota startup companies withered in 2017, after state lawmakers decided not to earmark funding for it. Now Gov. Tim Walz wants to bring it back. Walz's $49.5 billion two-year budget proposal, which he unveiled Tuesday, recommends $10 million in funding for the angel program in fiscal years 2020 and 2021.
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Minnesota manufacturers are starting the year with an optimistic outlook, with most saying they expect business conditions to either improve or stay the same in 2019. That was the takeaway from an annual survey released Monday by the DEED and the Federal Reserve Bank of Minneapolis.
Former Google executive Steve Grove was asked constantly why he wanted to leave sunny Silicon Valley for Minnesota. The Northfield native told a group of IT professionals in Minneapolis last year that it was an easy decision. Silicon Valley, he said, operates in a bubble and doesn't interact with the outside world.
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Recent Press Releases
DEED announced grants totaling more than $1.8 million for infrastructure projects that support innovative businesses and organizations. The funding was awarded from DEED’s Innovative Business Development Public Infrastructure Grant Program (IBDPI) to the cities of St. Paul and Carver.
Minnesota manufacturers reported mostly unchanged or improved conditions during 2018, according to an annual joint survey by DEED and the Federal Reserve Bank of Minneapolis. The 2018 Minnesota Manufacturing Business Conditions Survey also found that respondents had a split outlook on production for 2019 with 47 percent believing that production would increase and an equal percentage expecting it to remain the same.
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