Babaamaajimowinan (Telling of news in different places)
Babaamaajimowinan (Telling of news in different places)
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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 if workers are willing to pursue careers in new fields. That’s why today we launched a new effort to help Minnesotans across the state find Good Jobs Now. The effort is focused o...
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 organizations around the world to build momentum toward a clear vision. As we begin the road to an inclusive economic recovery from COVID-19 in Minnesota, setting goals and m...
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 of models for the future. And models are, after all, only models. To illustrate just how different today’s economic crisis is from the past, our Labor Market Information team...
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, I joined Minnesota health care employers, educators, organizations and employees to discuss ways to raise awareness among young Minnesotans, people looking for work now and...
Today, the Minnesota Department of Employment and Economic Development issued a reminder that applications for Movie Theater and Convention Center Relief Grants are due this Friday, January 29th. Here’s further information and applications for the programs: • Minnesota Convention Center Relief Grant Program – This temporary program was established to provide economic relief for convention centers adversely affected by the COVID-19 pandemic. This program will make grants of up to $500,000 to eligible convention centers located in Minne...
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 Convention Center Relief Grant Program – This temporary program was established to provide economic relief for convention centers adversely affected by the COVID-19 pandemic. This...
We know that many small Minnesota businesses are hurting now due to the pandemic. In response, lawmakers from across the state came together to pass funding for small business relief this month and Governor Walz signed the measure into law. As Commissioners of the Minnesota Departments of Employment and Economic Development (DEED) and Revenue, we're happy to announce the temporary programs established by the state in response to the continued impacts of COVID-19 in order to help Minnesota businesses weather this difficult time. The three new...
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 Tribune on Sunday – about the importance of our startup community to Minnesota’s economic recovery: To say that 2020 has been a challenging year for the Minnesota economy would be an...
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 3.2%. The Department of Employment and Economic Development (DEED), and our workforce development partners throughout the state, are working to connect unemployed or under...
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 recent weeks, more and more Minnesota business have led the way on this requirement. From big chains like Target, Best Buy, and Cub Foods, to local shops and establishments ac...
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 collaboration between Target Corp, Minnesota IT Services, and the Minnesota Safety Council – Minnesota businesses have a digital tool that can make those screenings eve...
Getting Minnesotans the benefits they deserve as quickly as possible: The COVID-19 pandemic has turned people’s lives upside down – and at DEED, we’re focused every day on helping Minnesotans navigate this unprecedented and challenging time, and finding ways to get people the benefits they need as soon as possible. I know that many of you are wondering about the CARES Act, which was passed by Congress and signed into law in late March. Here’s what you should know: Today, we’re excited to announce that DEED authorized the first payments...
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 proprietary product, process or service in specified fields. It also stimulates private investments in emerging Minnesota businesses to promote innovation and encourage high-pa...
