Twin Cities On Track To Meet 100K Jobs Goal
The Twin Cities is on track to meet a five-year goal of adding 100,000 jobs by the end of 2015.
Greater MSP, the Twin Cities-area economic development partnership, created the goal in early 2011 as a way to bring back the jobs lost during the recession, plus an additional 25 percent, according to the Star Tribune. The organization has had its hands in a number of regional investments, including Heraeus Medical’s expansion to White Bear Lake—instead of Mexico or Singapore—and Olympus Surgical’s consolidated Midwest facility.
In total, more than 82,400 jobs have been added through September. The paper reports that Greater MSP had its hand in 5,200 of those jobs and $502 million worth of investment.
Minnesota’s economy is booming, with unemployment now below 4 percent and a tighter and more competitive labor market as retailers try to hire for the holiday season.
Minneapolis-based US Bancorp is among the local companies with plans of swelling its payrolls: The company recently announced it would add 3,000 jobs in 2015. Many of those jobs are expected to be in auditing and compliance, which are mostly in the Twin Cities. US Bank added 1,500 jobs in 2014.