Both see gains in early trading
Business + Economy
Bad economies may not be good times for entrepreneurship, but necessity is the mother of invention.
The state’s jobs figures have generally looked better than national figures, but Minnesota officials say there’s still a “long way to go” to full recovery.
Agency has now given $3.2 million in grants to 104 companies
Plant closure means layoffs for 208 employees.
Minnetonka-based Morrie’s Auto Group is part of the national trend of big players growing larger.
“Uneven effects of the pandemic” still a factor.
Program only available to firms in northeastern Minnesota
Four companies saw notable sales declines in 2020.
A look at job losses across the state in 2020.
The state’s unemployment rate also declined to 4.5 percent in the first month of 2021, though that was again due to a decline in labor force participation.
Population in downtown Minneapolis hit 53,093 last year, up from 51,288 in 2019.
“Massive sources of liquidity” on Wall Street could prompt more companies to think about going public.
Annual Fortune magazine list includes 11 Minnesota firms.
The state has only regained 36 percent of jobs lost when pandemic first hit.
Despite the pandemic, Warroad-based Marvin finished 2020 with a substantial profit because of a strong rebound in the housing sector.
DEED commissioner: “Our recovery is not going to be linear.”
Target and other major downtown employers contributed funds that will support independent restaurants, retailers, and venues in the central business district.