Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Articles written by Commissioner Steve Grove

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Announcing a new effort at DEED to help Minnesotans find Good Jobs Now

Since the beginning of the coronavirus pandemic, we’ve lost almost 390,000 jobs in Minnesota. While we’re on the path to gaining many of them back, we still have over 300,000 Minnesotans collecting weekly unemployment benefits – more the six times the average amount for this time of year. Yet so many employers are hiring, and there’s lots of opportunity in our economy...

 

Empowering an inclusive economic recovery by setting goals

One of the most important aspects of how we manage the Department of Employment and Economic Development (DEED) is the way we set goals and measure results. In 2019, we shared a new system we’ve put into place at the agency to set aspirational goals for every team, and measure progress every quarter. The system, called Objectives and Key Results (OKRs), is used by...

 

DEED's New Data Tool Demonstrates the COVID-19 Pandemic Recession Remains Unique from Past Recessions

The art and science of economics consistently uses models to predict the future. In downturns, we look to past recessions to try to guess what might happen next. Yet the economic fallout from COVID-19 has been unlike anything we’ve seen before. The uniquely targeted effect of the virus has led to unique economic conditions as well. Past recoveries don’t offer the same kind...

 

Great Discussion on Roundtable Helps Wrap Up Health Care Month

Throughout January, DEED and our partners in CareerForce focused on highlighting the critical role the health care sector plays in Minnesota’s economy as well as the many employment opportunities in this in-demand field. As a part of our Health Care Month activities, DEED hosted two roundtables in January organized by DEED’s Workforce Strategy Consultants. Last Wednesday,...

 

UPDATE: Minnesota Department of Employment and Economic Development Releases Applications for Movie Theater and Convention Center Grants

Today, the Minnesota Department of Employment and Economic Development released applications for Movie Theater and Convention Center Grants established in the recent state COVID-19 relief package. The links to applications and information on the three new programs included in Minnesota’s small business relief package, signed into law December 16, are: • Minnesota...

 

Startups Key to Minnesota Post-Virus Economic Recovery

First, I’d just note that we gathered state leaders, partners and startups from across the state last week for a virtual event to celebrate the one-year anniversary of Launch Minnesota, a program designed to accelerate startups. You can find out more in Launch Minnesota’s First-Year Progress Report. I’d like to share a message I wrote – which appeared in the Star...

 

Workforce Development Efforts Will Help Rebuild a More Equitable Minnesota

September is Workforce Development Month – and never in recent memory have investments in our state’s workforce been more important. The pandemic has had a dramatic impact on jobs and employment in Minnesota. Our state’s unemployment rate as of July is at 7.7%, down more than two percentage points from May, but still more than twice what it was in July 2019, when it was...

 

Minnesota Mask Requirement: Slowing the Spread of COVID-19 to Keep Our Economy Open

Over the last months, we’ve heard repeatedly from Minnesota businesses that we need to continue to control the spread of the coronavirus in order to sustain the economic rebound underway. Our state's businesses know that in order to keep making strides in bringing our economy back, we’ve got to take care of each other – and the easiest way to do that is to wear a mask. In...

 

Announcing new tools to help businesses promote safe work environments

Health experts around the world will tell you that one of the most important aspects of workplace safety during a pandemic is careful and effective health screening of employees. That’s why in Executive Order 20-40, the Governor requires all non-critical businesses coming back into workplace environments to engage in proper health screenings each day. Now, thanks to a unique...

 

Angel Tax Credit Funds Fully Distributed for 2019

I’m pleased to share that in only five months, DEED distributed all $10 million from the Angel Tax Credit (ATC) fund! The ATC is a way to spur investment in Minnesota’s future businesses. The program provides a 25% tax credit to investors or investment funds that make equity investments in startup companies focused on high technology, new proprietary technology, or a new pr...

 

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