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MinnPost is a nonprofit, nonpartisan enterprise whose mission is to provide high-quality journalism for news-intense people who care about Minnesota. It publishes stories online at minnpost.com.
The boost came from the transportation finance bill that the Minnesota Legislature recently approved.
“Businesses go where there is infrastructure and where people want to live.”
The deal blends portions of all three proposals from the House, Senate and governor, who met over the weekend to work out the agreement.
The scope and duration of the oil boom expanded recently when the projection of the oil that's recoverable in the Williston Basin nearly doubled.
Nonprofits worry the change could mean that Minnesotans might be less motivated to donate because the current state tax break would be substantially cut.
In spite of the protestations of anti-tax activists, income taxes in Minnesota are virtually certain to increase.
"If a business has to go under, I'd prefer that it be a chain," Nancy Breymeier, co-owner of the Amore coffee shop, said.
“We’re pretty pleased with our bill,” said Senate Taxes Committee Chairman Rod Skoe. “I think it does a lot of good things, and so we’re looking forward to the discussion.”
Senator Bobby Joe Champion’s bill, which passed the Senate on a bipartisan vote, would expand that requirement to most private employers in the state.
Dayton and lawmakers confirmed on Tuesday that state and Brooklyn Park officials have been working to entice a mystery Fortune 500 pharmaceutical company to come to Brooklyn Park by using a variety of business development tax incentives.
Read this month's issue of Twin Cities Business.
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