The monthly job gains were driven largely by the education and health services sector, and the state has now recovered nearly 90,000 jobs since hitting a recessionary trough in 2009.
Economy
Individuals who can benefit from the grants include former workers of General Mills, Delta Air Lines, Medtronic, and Best Buy.
Chart Industries, which is New Prague’s largest employer, plans to add a 111,525-square-foot manufacturing facility to accommodate 80 new employees in the Minnesota city.
Princeton hopes that an entrepreneurial contest will attract new businesses and strengthen its downtown economy.
Minnesota ranks fifth among all states in terms of ethanol production capacity—and every dollar invested in building ethanol plants within the state between 1990 and 2011 generated $8.13 for the state’s economy.
Small businesses owners in the state who responded to a recent survey said that the economy and jobs are the most critical issues in the upcoming presidential election, while ethics, honesty, and corruption in government are also important when selecting a candidate.
New business filings for the first three quarters of 2012 totaled 47,069, compared to 39,977 for the same period in 2011.
The renovated 8.8-acre site is expected to house a commercial kitchen and a produce and fish farm—and it is among the locations being considered by St. Paul’s Flat Earth Brewing Company, which is looking for a larger space.
Minnesota’s state and local governments collected $4,587 per person in taxes in 2010—and spent $8,848.
The new openings are in addition to the roughly 600 Twin Cities positions the company has added over the past year and a half.
As part of the State Trade and Export Promotion initiative, 210 Minnesota small businesses will receive assistance aimed at boosting exports.
The previous record was set in fiscal 2011, when the university spawned nine start-ups.
The company will break ground next week on a 144,000-square-foot expansion and expects to complete it by late summer 2013.
However, there is a silver lining: The state has added 24,500 jobs in the past year, representing a growth rate of 0.9 percent—and Minnesota’s unemployment rate still remains well below the national rate, which was 8.1 percent last month.
The metro area’s 2011 exports totaled $26.2 billion in 2011, up 12.9 percent from the previous year, according to the U.S. Department of Commerce.
Ryan Companies US, Inc., will serve as the general contractor and lead designer for the new $54 million Lowertown ballpark.
The state gave Tata Consultancy Services a $500,000 loan to help with its expansion, half of which will be forgiven after the jobs are created; the company says the hiring will occur over the next two years.
The project received the largest portion of $47.5 million in capital grants just awarded by the state; among other high-profile projects, the Metropolitan Council received just $2 million of the $14 million it requested for the proposed Southwest Corridor light-rail line.