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Job Creation Fund completes original funding round Program has generated 3,156 jobs, attracted $497 million in investments


Mon, Sep 14th, 2015
Posted in All State of Minnesota

The Minnesota Department of Employment and Economic Development (DEED) has allocated all $24 million that was approved in the 2013 legislative session for the Job Creation Fund.

Since DEED launched the program in January 2014, a total of 46 companies in Minn. have committed to creating 3,156 jobs and investing more than $497 million. Twenty of the companies participating in the program are in Greater Minn.

“Minnesota’s Job Creation Fund is showing how business and government can work together to support jobs and economic growth,” said Lt. Gov. Tina Smith. “These projects are creating good jobs across Minn. and helping to create an economy that works for everyone.”

Altogether, the agency has awarded companies $24.87 million from the Job Creation Fund, including new funding that was approved in the 2015 legislative session to continue the program. While funding has been awarded, no funding will leave the state until full-time jobs have been created for at least one year and over $500,000 of private investment has been made.

“The Minnesota Job Creation Fund has been a tremendous success in its first year, generating a 20-to-1 return on investment,” said DEED Commissioner Katie Clark Sieben. “With another $25 million in funding available for this upcoming year, we will continue to leverage this tool to attract millions of dollars in new investments and create thousands of new jobs across our state.”

The Job Creation Fund, which was first proposed by Gov. Mark Dayton in 2013, is a pay-for-performance program that provides funding to businesses after they meet certain criteria, including minimum requirements for job creation and private investments. Under the program, businesses must create at least 10 full-time jobs and invest at least $500,000 to be eligible for financial assistance.

The following is a list of every company that has been approved for the program to date. Listed is company name, award amount, jobs created, and company investments:

•Axis Clinicals, $778,988; 100, $11 million

•Harmony Enterprises, $187,000; 14, $1.07 million

•DC Group, $535,516; 33, $6.2 million

•Bluegrass Proteins, $650,000; 56, $18.2 million

•North Star Mutual, $620,000; 12, $9.5 million

•Andersen Corp., $626,900; 100, $17.8 million

•Valmont Industries, $129,000; .....
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SEMAC announces October 1 grant application deadline

Mon, Sep 14th, 2015
Posted in All State of Minnesota

This activity is made possible by the voters of Minn. through grants from the Minnesota State Arts Board thanks to a legislative appropriation from the arts & cultural heritage fund. The Southeastern Minnesota Arts Council announces a call for pro ..... 
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Gas Buddy - 9.7.15

Tue, Sep 8th, 2015
Posted in All State of Minnesota

August 31- Average retail gasoline prices in Minn. have fallen 19.4 cents per gallon in the past week, averaging $2.44/g yesterday, according to GasBuddy’s daily survey of 2,856 gas outlets in Minn. This compares with the national average that has ..... 
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Minnesota adds 2,900 jobs in June Unemployment rate is 3.9 percent

Mon, Jul 20th, 2015
Posted in All State of Minnesota

Minn. gained 2,900 jobs in June – a welcome reversal after employers cut 200 jobs in May, according to figures released today by the Minn. Department of Employment and Economic Development (DEED). The state’s unemployment rate was 3.9%, up 0.1 ..... 
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Gas Buddy - 6.29.15

Mon, Jun 29th, 2015
Posted in All State of Minnesota

June 15- Average retail gasoline prices in Minn. have risen 4.0 cents per gallon in the past week, averaging $2.69/g yesterday, according to GasBuddy’s daily survey of 2,856 gas outlets in Minn. This compares with the national average that has inc ..... 
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Gas Buddy - 6.15.15

Mon, Jun 15th, 2015
Posted in All State of Minnesota

June 8- Average retail gasoline prices in Minn. have risen 8.8 cents per gallon in the past week, averaging $2.65/g yesterday, according to GasBuddy’s daily survey of 2,856 gas outlets in Minn. This compares with the national average that has incr ..... 
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State adds 7,400 jobs in April Unemployment rate drops to 3.7%

Mon, Jun 15th, 2015
Posted in All State of Minnesota

Minn. employers added 7,400 jobs in April, according to figures released today by the Minnesota Department of Employment and Economic Development (DEED). The agency said Minn. has gained 25,500 jobs in the past three months and 46,114 jobs over th ..... 
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Commission on Judicial Selection recommends local candidates for Third Judicial District to Governor Dayton

Mon, May 18th, 2015
Posted in All State of Minnesota

ST. PAUL, MN – The Commission on Judicial Selection announced today it is recommending three candidates to Governor Mark Dayton for consideration to fill the current vacancy in Minnesota’s Third Judicial District. This vacancy was created upon t ..... 
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Southern Minnesota Initiative Foundation awards $127,909 in grants

Mon, May 4th, 2015
Posted in All State of Minnesota

Southern Minnesota Initiative Foundation (SMIF) recently approved seven grants totaling $127,909 to support early childhood and economic development projects within southern Minnesota. • $17,980 to Brown Nicollet Watonwan County Drug Court to pr ..... 
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