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Minnsights Blog

  • Tax hikes could slow Minnesota's economic recovery

    Jul 28, 2021
    Throughout Minnesota’s last legislative session, the Minnesota Chamber asked lawmakers to follow a “do no harm” principle to guide the economy out of the COVID-19 pandemic and usher in an era of economic recovery. Our delegation in D.C. should follow this same principle, instead of raising taxes and costs. 
  • How are digital technologies shaping Minnesota’s small business recovery?

    Jun 30, 2021
    Minnesota’s economy is largely powered by small and medium sized businesses (SMB’s). SMB’s make up 99.5% of all Minnesota firms and employ nearly 47% of all Minnesota workers.  Small businesses also drive job growth in the state’s economy. In 2019 SMB’s were responsible for over 22,000 net new jobs, with firms under 20 employees creating the largest share of new jobs.  
  • How close is Minnesota’s economy to full recovery?

    Jun 21, 2021
    April 2021 marked the one-year point from the largest economic downturn in Minnesota’s modern history. The shock to the economy last spring was staggering: Minnesota shed more than 400,000 jobs and lost over $36 billion dollars in GDP output, as in-person activities ground to a halt to slow the spread of COVID-19. To put this in perspective, Minnesota’s 2020 job losses exceeded the size of North Dakota’s entire workforce.