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Monday Business

Franta promoted at Citizens Bank

Citizens Bank Minnesota announced that Laura Franta has been promoted to client services director. Franta joined the bank in 2016 as a full-time teller. In 2019, she became a senor client services representative and most recently became a loan servicing specialist in 2021. In 2019 Laura ...

CHIPS Act will promote U.S. tech innovation: Klobuchar

WASHINGTON — Following U.S. Senate passage of the CHIPS and Science Act, Sen. Amy Klobuchar of Minnesota, a member of the Senate Commerce Committee, commented on the bipartisan legislation to strengthen domestic semiconductor production. “If we want to continue leading the global economy, ...

Walz outlines long term economic plan

ST. PAUL — Gov. Tim Walz announced a ten-year economic expansion plan last week at Wyoming Machine in Stacy, Minnesota, following the release of a report by the Governor’s Council on Economic Expansion titled “Minnesota’s Moment: A Roadmap for Economic Expansion.” The report makes ...

Fairmont looking at troubled incubator program

FAIRMONT — Small-business startups participating in the Fairmont Economic Development Authority’s incubator program have been slow in moving out on their own. Since 1993, FEDA has operated the incubator building, which provides office suites and work areas for up to seven ...

Workforce shortage challenges small meat processors

ST. PAUL — Livestock farmers in Minnesota are facing limited meat processing access due to processor closures and fully booked processing appointments, according to a new report, “Solving the Meat Processing Workforce Bottleneck.” The report’s authors interviewed 57 small- to ...

State unemployment dips to another all-time low

ST. PAUL — The unemployment rate ticked down two-tenths of a point to 1.8% in June 2022 – yet another record low since the metric has been tracked in 1976, according to numbers released today by the Minnesota Department of Employment and Economic Development (DEED). The lowest pre-pandemic ...