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Economy

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For Obama Backers, Still Hope For Advancing Agenda

Ardent Minnesota supporters of President Barack Obama say they share his frustrations that the economy hasn’t taken flight as fast as hoped. But some who turned out for the Democrat’s economic policy speech on the shores of Lake Harriet say it’s not for lack of effort on the president’s part. Non-profit executive Norm Munk was among those quick to defend Obama. Munk says he worries that a polarized Washington is stunting the nation’s progress.

06/27/2014

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President Obama To Spend A Day With Minn. Woman

For one Minnesota woman, President Obama’s trip to Minnesota this week has extra-special significance. St. Anthony resident Rebekah Erler wrote a letter to the president last March. And to her surprise, he’s responding in person.

06/25/2014

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Midwest Economic Survey Index Hits 3-Year High

A monthly economic index for nine Midwestern and Plains states hit a three-year high in April, suggesting more economic growth over the next three to six months, according to a report issued Thursday.

05/01/2014

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Survey: Midwest Economy Should Keep Growing

The economy should continue growing steadily in nine Midwestern and Plains states, according to a monthly survey of business leaders released Tuesday. The overall economic index for the region improved to 58.2 in March from 57.4 in February. That’s solidly above the neutral level of 50.

04/01/2014

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Tourism At Apostle Islands Brings In $24M, Creates Over 300 Jobs

A new report shows just how much national parks benefit the local economy. The National Park Service report from 2012 showed that the 163,419 people that visited the Apostle Islands National Lakeshore in Bayfiled, Wis. spent a collective $24 million during their visits.

03/03/2014

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Survey Suggests Midwest Economy Losing Steam

An economist says a survey of bankers in 10 Midwest and Plains states suggests the regional economy is losing steam. The Rural Mainstreet Index dropped below growth neutral in the February survey, hitting 48.4, compared with 50.8 in January and 56.1 in December.

02/20/2014

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January Economic Survey Suggests Growth In Midwest

A new survey of business leaders released Monday signals the economy should continue growing in nine Midwestern and Plains states in the months ahead. The monthly economic index for the region rose to 57.7 last month, compared with 53.2 in December. That puts the index well above a neutral score of 50 and into positive territory.

02/03/2014

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Cold Snap Has Chilling Impact On Economy

It’s a busy Friday afternoon at Parc Boutique in northeast Minneapolis. Racks full of women’s fashions greet the customers. But Parc’s owner, Thao Nguyen, says the recent cold snap has hurt her in-store sales. “It’s harder for people to come into the shop,” Nguyen said. Just like how tornadoes and hurricanes disrupt economic activity, there is also a steep cost to our cold weather. The lower the temperature drops, the fewer of us venture outside to shop, dine and recreate.

01/24/2014

Commissioner Katie Clark Sieben  (credit: Bill Klotz/Finance & Commerce)

Minn. Launches New Job Creation Program

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.

01/10/2014

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Deep Freeze May Have Cost Economy About $5 Billion

Hunkering down at home rather than going to work, canceling thousands of flights and repairing burst pipes from the Midwest to the Southeast has its price. By one estimate, about $5 billion.

01/09/2014

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Economic Survey Suggests Optimism For Midwest

A monthly economic report suggests supply managers surveyed in nine Midwestern and Plains states are optimistic about the regional economy over the next six months. The confidence index for the Mid-America Business Conditions Index jumped to 66.5 last month from 57.2 in November.

01/02/2014

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Final Holiday Shopping Weekend Attracts Bargain Hunters, Procrastinators

With weather not posing a problem, shoppers flocked to their neighborhood malls and stores on Saturday to finish or, in many cases, begin their holiday shopping. According to retail analysts, Saturday is expected to be the busiest shopping day in the shortened season. And with just three days remaining until Christmas Day, many are finding deep discounts as retailers try to trim inventories. And it’s not just people getting presents under the tree. Leah Goldade of Lulu and Luigi’s Pet Boutique says business is brisk.

12/21/2013

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Midwest Business Conditions Improve In November

OMAHA, Neb. (AP) – A monthly economic report says business conditions in nine Midwestern states improved slightly in November. The Mid-America Business Conditions Index rose to a tepid 51.2 on a growth scale of 0 […]

12/02/2013

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Census: Iowa Has Lowest Poverty Rate In Nation

A new Census report shows that Iowa and several other Midwest and Plains states have the lowest poverty rates when cost of living is factored into the calculation. The report released Wednesday showed that Iowa had the lowest rate at 8.6 percent. The national rate under the new measure is 16 percent.

11/07/2013

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Thinking Of Changing Your Career? Where To Start

Have you ever considered changing careers? It’s a common thought, but a gutsy move in a tough economy. So now, with the economy improving, we asked some people who’ve done it: How to start and two key questions to ask before making a change.

09/30/2013

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