DEED in the News
|
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.
|
|
|
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.
|
Last year the unemployment rate in Duluth hit record lows and averaged around 3 percent. For the formerly incarcerated, however, unemployment remains much higher — the Prison Policy Initiative estimates as high as 27 percent nationwide.
Serving Our Customers
Governor Tim Walz released his budget for One Minnesota last week. A number of the new proposed budget programs would run through DEED. The Governor's proposals include a new package of resources for innovators and startups called the Minnesota Innovation Collaborative. The Governor's budget also calls for restoring funding to the Angel Tax Credit and Border-to-Border Broadband Grant programs, as well as create a new Community Prosperity Grant program for communities in Minnesota with a population under 5,000. Learn more about these and all the proposed DEED budget proposals on the DEED website.
Recent Blog Posts
Even after accounting for field of study and choice of occupation, LMI Office research analyst Sanjukta Chaudhuri finds that yawning gender and race/ethnicity-based earnings gaps still exist. For the most part, obtaining a post-secondary degree leads to better labor market outcomes, including higher income. In Minnesota, median earnings of high school graduates working full-time are $36,000; $45,000 for those with an associate degree; $58,000 for those who have earned a bachelor’s degree; and $72,000 for those with five or more years of college. Learn more on the DEED Developments blog.
|
