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Business and Economic News

Minn. companies pool funds to help small businesses amidst immigration enforcement surge

Minn. companies pool funds to help small businesses amidst immigration enforcement surge

A couple dozen Minnesota companies have contributed about $4 million to a grant fund to support small businesses in the state as they navigate the challenges of meeting payroll and paying rent amidst the immigration enforcement surge.
by Harshawn Ratanpal

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Minnesota CEOs issue joint letter urging de-escalation in Minnesota after shooting

Minnesota CEOs issue joint letter urging de-escalation in Minnesota after shooting

More than 60 CEOs of Minnesota-based companies including Target, Best Buy and UnitedHealth signed an open letter posted on the Minnesota Chamber of Commerce website on Sunday calling for state, local and federal officials to work together.
by The Associated Press

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Minnesota housing programs sit on hundreds of thousands of federal dollars, citing new immigration, gender requirements

Minnesota housing programs sit on hundreds of thousands of federal dollars, citing new immigration, gender requirements

Two Minnesota cities have delayed spending federal housing funds because they’re unsure they can meet new grant requirements from the Department of Housing and Urban Development.
by Maya Chari

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Across Minnesota, many businesses closed Friday to protest ICE action

Across Minnesota, many businesses closed Friday to protest ICE action

Minnesota labor unions, community activists and faith leaders are organizing the economic blackout, dubbed “ICE Out of Minnesota: Day of Truth and Freedom.”
by Kirsti Marohn

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MN state auditor Julie Blaha warns of costs of losing Fed independence

MN state auditor Julie Blaha warns of costs of losing Fed independence

Minnesota state auditor Julie Blaha —joined by state treasurers from blue states Colorado, Washington, and Massachusetts—warned that if political interference on the Federal Reserve takes hold, the risk is inflation could rise quickly.
by Chris Farrell

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Struggling Lake Street businesses prepare for statewide economic blackout

Struggling Lake Street businesses prepare for statewide economic blackout

The Lake Street Council’s director of operations outlined the challenges some businesses are facing ahead of what’s being called a “general strike” scheduled for Friday.
by Nina Moini, Alanna Elder and Ellen Finn

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Latest DEED report finds ‘solid’ labor market amid ‘flat’ job growth in December for the state

Latest DEED report finds ‘solid’ labor market amid ‘flat’ job growth in December for the state

The Minnesota Department of Employment and Economic Development says job growth in the state between November and December in the state was largely flat, and the unemployment ticked up slightly to 4.1 percent last month.
by Mathew Holding Eagle III

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Trump administration scales back threats to cut off funding to Minnesota ag programs

Trump administration scales back threats to cut off funding to Minnesota ag programs

Agriculture Secretary Brooke Rollins had previously announced that nearly $130 million in federal funds for Minnesota would be paused, citing alleged fraud in the state. Now, the USDA is allowing some of that funding to go through.
by Tadeo Ruiz Sandoval

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