Boosting rural economies
20 Nov 2017
Rural regions in the U.S. too often rely on the success of one or two key industries for survival. But boom and bust cycles have repeatedly demonstrated the need for economic diversification.
More than three decades ago, the McKnight Foundation created the Minnesota Initiative Foundations (MIFs) to help strengthen the communities and economies of greater Minnesota. The foundations provide grants, business loans and leadership programs in rural regions of the state.
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Incentives for job creation
Nov 13 2017Job growth is important for every community. Increasing the proportion of quality jobs available is essential for long-term economic growth. But expanding a business requires sizeable investments.
That’s why the Elk River Economic Development Authority provides low interest loans of up to $200,000 of secondary financing to attract new...
Minnesota has resources for businesses
Nov 6 2017There are many good reasons to do business in Minnesota. In 2016, Forbes magazine ranked the state #5 in the nation for economic climate and #2 for quality of life.
Minnesota’s Department of Employment and Economic Development is investing in helping better the state’s economic climate. It assists entrepreneurs...
Minnesota is the only Midwest state ranked in the top 10 of the annual American Council for an Energy-Efficient Economy’s State Energy Efficiency Scorecard.
The state’s ninth place standing, announced this week, topped Michigan and Illinois (tied for 11th); Iowa (19th); Wisconsin (24th); Ohio (31st) and Indiana (40th). South Dakota and North...
