Early repots suggest renters could see an increase of roughly $8,700 over a 10-year span to their housing bill if Amazon brings its new headquarters to Minnesota.
Economy
The state’s unemployment rate ticked down to 3.7 percent, a 0.1 percent improvement over the prior month.
In the Twin Cities area, there is now less than one unemployed person for every job vacancy (0.8). While in Greater Minnesota, the ratio is 1.1 unemployed people for each job vacancy.
Minnesota’s mostly middling in the areas Amazon has identified as important.
The issue has become a rare one in the open mayoral election. That is, one that cleanly separates the candidates from one another.
With over three months left in the year, the city of Minneapolis has already passed the billion-dollar mark in building permits issued.
In going after Amazon's HQ2, Dayton has displayed a level of reticence that is at odds with his long history of courting companies to Minnesota.
But don’t bust out the party hats just yet.
The increase in the state’s unemployment rate was partially attributed to an overestimation of the state’s job growth in July.
Amazon promises to bring billions in construction and as many as 50,000 jobs to a region that can promise a big incentive package.
A special report from the growing East Metro county.
About a quarter of the state’s motels, B&Bs, campgrounds and hotels are confident business will improve in the fall, while roughly just as many expect the opposite.
The state’s unemployment rate did not change, holding steady at 3.7 percent.
The sleep apnea device maker was the only private company from the state to rank within the top 100 on the Inc. 5000 list for 2017.
To an audience of South Dakota residents, Kashkari said, “Do we want economic growth, or not?”
Optimism about the economy and plans for further business investment are receding after two quarters of increased confidence and spending.
The state surpassed the employment benchmark in June when it added 4,400 jobs.
Money will help rehab housing and commercial buildings, streetscaping efforts and improving wastewater facilities.