Businesses looking to expand their operations and hire new employees in Minnesota may not qualify for help from a new job creation fund. The program was announced Friday by Gov. Mark Dayton and Katie Clark Sieben, commissioner of the Department of Employment and Economic Development. “The $24 million Job Creation Fund is now open for business,” Katie Clark Sieben said. She says the “pay for performance” business development initiative will help create 5,000 jobs, and another $450 million of private investment into the economy.
Gov. Mark Dayton will travel the state starting this week to make the case for his budget.
Growing energy prices combined with weather-related supply problems has slowed economic growth in nine Midwestern and Plains states, according to a new monthly survey released Friday.
Gov. Mark Dayton’s leading adviser on economic development issues has bounced between the public and private sectors.