DEED in the News

Former Blue Cross Employees Qualify for TAA

Mesabi Daily News - 12/29/19

One hundred former employees of Blue Cross and Blue Shield of Minnesota have successfully petitioned the U.S. Department of Labor to receive Trade Adjustment Assistance benefits after a round of layoffs earlier this year.

Minnesota Firms Grow an Industry Focused on Renewable Energy, Conservation and Software Analytics Star Tribune - 12/30/19 The small businesses are the growth leaders of the state's economy, at the intersection of energy efficiency, renewables, environmental considerations and next-generation software and technology.

Life in the 2020s: Slower Growth Will Be the New Normal in Minnesota Star Tribune - 12/28/19 Minnesota’s population will grow more slowly than ever in the 2020s, a development that will tug on the lives and fortunes of everyone in the state. The Minnesota economy will also be squeezed as the last baby boomers retire in the decade.

Updates from DEED

Angel Tax Credit Funds Fully Distributed for 2019

DEED distributed all $10 million from the Angel Tax Credit (ATC) fund. The Minnesota Legislature authorized $10 million to DEED in tax credits for 2019, with another $10 million in 2021. No funding was authorized for 2020. Half of ATC funding each year is targeted towards minority, women and veteran owned and managed businesses, as well as businesses located in Greater Minnesota.