Minnsights Blog

This report provides data to illustrate those initial severe and unprecedented impacts of the pandemic and government interventions as well as the ongoing uncertainty and challenges. An economic imperative stands before us: We must restore livelihoods now and position the state for long-term growth. It’s possible, and it’s a collective effort. Public health and economic recovery must go hand in hand. Whether you are reading this report as a private-sector employer or an elected official, you have a responsibility to move the needle forward into a period of improvement and long-term success.

There are several recognized strengths of Minnesota’s economy that should be relied upon to spur short- and long-term growth.

Stabilize existing businesses through targeted relief. Targeted relief should include the following:

COVID-19 is first and foremost a public health crisis. Protecting the lives of Minnesotans remains the paramount concern for all. Yet, failure to achieve a timely economic recovery will imperil the well-being of tens of thousands of Minnesotans as well. Public health and economic recovery must go hand in hand.

Fortunately, the staggering job losses subsided in May of 2020, and Minnesota began its journey toward economic recovery, despite ongoing challenges.