AGP Executive Report
Last update: 21 minutes agoData Center: Google is dropping its bid for $80 million in property-tax breaks for its proposed Hermantown facility. The project could generate an estimated $240 million in property taxes over 20 years, but opponents remain concerned and details of support for local schools are still unclear. Economic Development: DEED awarded more than $2 million for seven redevelopment projects expected to create or retain 151 jobs and attract $92 million in private investment. Business Climate: At a Minnesota Chamber forum, gubernatorial candidates Amy Klobuchar and Lisa Demuth both ruled out tax increases but clashed over regulation, costs and how to attract businesses. Jobs and Wages: Minnesota lost jobs in September, and real wages fell over the past year; the state’s unemployment rate rose to 4.5%. Agriculture: CHS plans to sell four Minnesota grain elevators with a combined 7.5 million bushels of storage. Northland Investment: Regional leaders are promoting helium development as an economic opportunity, while Pulsar Helium has selected Two Harbors for a proposed facility.
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