Minnesota Companies of Interest
Stocks are not live
Loading Stock Values
U.S. Unemployment Drops to 7% for November
According to the Bureau of Labor Statistics the U.S. seasonally adjusted unemployment rate dropped from 7.3% to 7% for November. Nonfarm payroll employment increased with 203,000 jobs added. Education/Health Services (40,000), Professional/Business Services (35,000), and Transportation/Warehousing (30,500) led the way in November job gains. Financial Activities (-3,000) and Information (-1,000) sectors lost jobs in November. The revised numbers show 8,000 more jobs were created in September (+12,000) and October (-4,000) than originally reported. For the entire BLS November report click here
MMB November Economic Forecast: $1.086 Billion Balance for FY 2014-2015 Allows for Previous K-12 Shifts to be Completely Repaid
The November Economic Forecast shows an improving budget outlook for FY 2014-2015. The general fund balance is now ptojected at $1.086 billion in the November Forecast compared to the projected $47 million in the October Update. This $1.038 billion dollar increase in the projected general fund balance is largely a result of $787 million more in revenues than expected and $247 million less in expenses than expected. According to the Forecast, the state should receive $19.732 billion (up $406 million from the October Update) from individual income tax revenues, $10.194 billion (up $64 million) from sales taxes, $2.675 billion (up $254 million) from corporate taxes, $1.67 billion (down $16 million) from statewide property taxes, and $3.541 billion (up $27 million) from other taxes in FY 2014-2015. This improved budget outlook allows the state to repay the final $246 milion in K-12 shifts as well as transferring $15 million to the state airports fund, which was originally borrowed in 2008. After these shifts are paid back, the forecasted balance is still $825 million. For the complete forecast, please click here
2014 Economic Development Assistance Programs FFO Announced
- December 13, 2013 for FY 2014 funding cycle 2
- March 13, 2014 for FY 2014 funding cycle 3
- June 13, 2014 for FY 2014 funding cycle 4
- October 17, 2014 for FY 2015 funding cycle 1
November 2013 Newsletter is Now Available
The EDA Center newsletter for November 2013 is now available. Click here
for the pdf or here
to go to the newsletter archive.
Minnesota Unemployment Down to 4.8% in October
Minnesota unemployment drops to 4.8% in October, which is the same as it was in December of 2007 (prior to the recession). Minnesota employers added 9,900 jobs in October. Seven sectors posted job gains in October with Education/Health Services (5,200), Manufacturing (3,900) and Construction (1,200) posting the largest job gains over the past month. Other Services (-800) and Professional/Business Services (-600) posted the largest job losses in October. Minnesota has added 50,000 jobs over the past year, which puts Minnesota's growth at 1.8 percent during that time. This is still above the U.S. growth of 1.7 percent over the past year. Minnesota's labor participation rate dropped again to 70.1 percent in October. Click here
for more October jobs information.
MHTA Announces Tekne Award Winners
The Minnesota High-Tech Association announced the winners of 15 Tekne Awards on November 6th, 2013 at the Minneapolis Convention Center. MHTA presented Tekne awards to the following businesses and organizations:
- Advanced Manufacturing-3M
- Agricultural Technology-The Toro Company
- Computer Hardware & Electronic Devices-Honeywell
- EdTech-myON-a business unit of Capstone
- Healthcare Delivery (Established Company)-HealthPartners
- Healthcare Delivery (Small & Growing Company)-Corventis, Inc.
- Impact on Industry (Established Company)-Ecolab
- Impact on Industry (Small & Growing Company)-BankCard Services Worldwide
- Innovative Collaboration of the Year-Boston Scientific and University of Minnesota
- Mobile Technologies-XRS Corporation
- Safety & Security-MPC
- Software (Established Company)-Navitaire
- Software (Small & Growing Company)-UpNet Technologies
- STEM Education & Digital Learning-University of St. Thomas-School of Engineering
For more information about the recipients please click here.
IDEA Competition Application Deadline is Nov. 30th
The deadline for entering the competition is coming up soon on November 30th
. Applicants still have time to register prior to November 15th
and only pay a discounted fee of $125. Applicants who register after the 15th
pay the standard fee of $150. College and high school students who want to participate pay a fee of $75. For more information and to enter, please click here
Request for Proposals-Resilient Communities Project 2014-2015
The Resilient Communities Project (RCP) is now accepting proposals from cities and counties to be the community partner in 2014-2015. "RCP is a year-long partnership between the University of Minnesota and one local community in Minnesota. Through the partnership, students and faculty from across the University collaborate with the partner community to address its self-defined sustainability-related needs through course-based projects. The collaboration results in on-the-ground impact and momentum for a community working toward a more sustainable and livable future." Cities, counties, and communities along transportation corridors, around regional centers, or within watersheds are eligible to apply. Preference is given to communities within a 2 hour drive of Minneapolis to minimize travel and time costs. Communities located further than 2 hours may be considered if additional funds are contributed to aid in travel costs. Please click here
for more information and to apply.
U of M Extension Webinars Aimed at Creating an Effective Online Presence
University of Minnesota Extension is offering an updated series of online webinars to teach managers, owners, and social media staff of small businesses and organizations about using online tools strategically to create an effective online presence. The registration fee of $40.00 allows you to attend as many live webinars as you like from the schedule below. The webinars will be recorded to view later if you miss a live session.
- Managing online reviews – Wednesday, Nov 6, 11am – 12pm Managing an online presence is now an essential business practice. This includes monitoring and responding to reviews posted on social media sites such as Yelp and Trip Advisor. Attend this webinar to learn about the impact of online reviews on consumers and businesses, and how to manage your reviews to enhance customer loyalty and attract new customers.
- Mobile eMarketing – Wednesday, Nov. 20, 11am to 12pm Mobile devices like iPhones and Androids generate the bulk of internet traffic now. Attend this webinar to learn strategies for connecting with the mobile crowd with such tools as mobile websites, mobile apps, QR codes, and mobile payments.
- Location based services – Wednesday, Dec. 18, 11am to 12pm From Google Maps to Yelp, people now rely on location based services to find goods and services. This webinar will look into the different ways people find places to go, and how to make your business a destination.
- Social media for business – Wednesday, Jan. 29, 11am to 12pm Many who have Facebook business pages or a Twitter account struggle to make good use of them. In this session we will explore strategies and tactics small businesses are using to engage with customers using social media
- Getting high on Google (Basics of SEO) – Wednesday, Feb. 26, 11am to 12pm How easy is your business to find on the Google Search engine? Attend this workshop to learn some straight-forward ways to place higher on Google searches.
- Using analytics to inform business decisions – Wednesday, March 26, 11am to 12pm How many small business owners and managers understand the data their website is collecting about their customers. This webinar will provide insights on what website analytic data is revealing, or concealing, and how to use this data to make better informed business decisions.
"Wonderful series. Educational and extremely affordable. I really like the additional resources to help learn things more in-depth. The recordings and handouts made great references."
"Great content...learned something new with each session!"
"Well planned, concise and yet very informative presentations, making them an excellent use of my often stretched-too-thin time."
"These classes were very useful and Adeel Ahmed is one of the best instructors I have had in many years. His online teaching skills are excellent--he not only develops great support materials, but has an engaging way of presenting that builds a strong personal rapport with the adult learners he is teaching."