Minnesota Job Creation Fund
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.
Minnesota lawmakers are pushing a new grant program that would give government rebates and bonuses to companies that upgrade facilities and add new jobs.