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Tag Archives: Minnesota Department of Employment and Economic Develop

Calculating the boom in Rochester

Planners predict Rochester’s core could see nearly 2.5 million square feet of private development, more than $870 million in new projects and hundreds of hotel rooms and residences in the next five years as the Destination Medical Center takes shape.

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DEED: State adds 12,200 jobs in August, hits pre-recession levels

In addition, the state unemployment rate dropped down to 5.1 percent in August, compared to the U.S. unemployment rate of 7.3 percent. Trade, transportation and utilities gained about 6,000 jobs last month, while education and health care were a close second with 5,500 jobs gained. Construction, hospitality and government also made gains, while manufacturing shed 3,400 jobs last month.

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House passes economic development bill

The House voted 75-57 to pass its workforce and economic development bill that increases funding for a variety of state programs that are designed to spur new business activity. The bill drew fire from Republicans over a provision to allow locked out workers to receive unemployment benefits for three years.

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