Where the economy goes from here
16 Jul 2021
News
The COVID-19 pandemic erased hundreds of thousands of jobs in Minnesota and only about 65% have returned. But there’s also a bright side: Low-wage workers are seeing meaningful increases in their paychecks and the number of new businesses created over the past year has increased by 30%.
Department of Employment and Economic Development Commissioner Steve Grove surveys the wreckage of the past year and explains how the state is helping people get back to work, transition to better paying careers and start new businesses.
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Minnesota is the seventh-best state in the U.S. for business.
That's according to the latest annual rankings from CNBC, which looked at 85 different metrics across 10 general categories to order the states from one to 50.
Minnesota saw quite high marks in the categories of Life & Health...
As technology adoption continues to grow at exponential rates, so does the increased demand for data centers. With more people working remotely, and the rise of online school as an option, the demand on existing data centers has forced companies to expand rapidly. Beyond the big players like Google and...
What to know about Minnesota’s small-business statistics:
According to statistics gathered by Axios, small-business formation in Minnesota is up 31 percent since the early days of the pandemic
Since April 2020, Minnesota entrepreneurs have created 70,192 news businesses (according to the U.S. Census Bureau)
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