State attracts Canadian business, sees lower unemployment
ST. PAUL — Minnesota received a double dose of good economic news Thursday with the announcement of a Canadian business opening a state facility and the unemployment rate falling.
The new business is Winnipeg-based Price Industries, which plans a design center in the northwest Twin Cities suburb of Maple Grove to work on new air distribution products. The $2 million center, expected to employ 40 people, will be heavily staffed with engineering and other high-paying jobs.
Gov. Mark Dayton called a news conference Thursday to announce the Price decision because it was one of two secret trips he made earlier this year to recruit businesses. Both trips, which the media learned about but Dayton refused to discuss at the time, resulted in Minnesota operations.
Also announced Thursday was that the state unemployment rate fell 0.2 percent in November to 4.6 percent. That compares with a countrywide rate of 7 percent.
“The labor market continues to show steady improvement, with the number of unemployed Minnesotans now below pre-recessionary levels,” said Commissioner Katie Clark Sieben of the Minnesota Department of Employment and Economic Development. “The state economy is growing and outperforming the rest of the country in many key categories.”
The unemployment report released Thursday showed that education, health, trade, transportation, utilities, leisure, construction and other areas gained workers in the past year. However, Sieben’s department reported that governments lost 1,700 jobs and manufacturing was down 800 in the past year.
The Dayton administration wasted no time in taking credit for the better business news.