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Minnesota’s Economic News — W/E 10/17/25

State and local taxes and spending

Alpha News: Bloomington looking at property tax increase of 9.44%, building $100 million complex

Economic growth

Minnesota Reformer: Minnesota exports down 19% from this time last year

MPR News: Minnesota lost over $1 billion in exports in second quarter of the year

Fox 9: Minnesota exports drop $1.3 billion in Q2 of 2025, fuel and gas lead decline

Kare 11: Minnesota exports tumble 19% in the second quarter of 2025

PBS News: Minnesota farmers struggle to stay afloat as China boycotts U.S. soybeans

CBS News: Gov. Walz to join farmers to talk on impact of tariffs on Minnesota soybean farmers

Minnesota Reformer: Walz, other Dems criticize Trump over trade war’s impact on soy farmers

KRFO: How Pig Farming Boosts Minnesota’s Economy And Environment 

MPR News: Report: Minnesota saw strong growth in clean energy jobs last year, but slowdown expected

Alpha News: ‘A pattern of fiscal irresponsibility’: Bloomington candidate calls out $1 million spent on city hall bathroom

Federal Reserve Bank of Minneapolis: Fewer summer customers for Minnesota hospitality businesses

MPR News: Minnesota’s hotels, entertainment, restaurants seeing lower profits, new survey suggests

St Cloud Times: Minnesota exports down 19% from this time in 2024 as top trading partners pull back

Axios: Minnesota at high risk of a recession, economist warns

Labor market

KSTP: US unemployment rate spikes among Black women, prompting job fair in Minneapolis

Knox Radio: Government shutdown Looms Large Over State Workers in Minnesota

Spokesman-Recorder: Joblessness spiking among Black women

Minneapolis/St. Paul Business Journal: Minnesota’s largest employers see minimal workforce growth amid tight labor market

Regulation

Minn Post: A New Deal revival: Why labor unions love the Minnesota Nursing Home Workforce Standards Board

Sahan Journal: Nursing home staffing crisis: Minnesota’s new wage laws spark fear among operators

Axios: Minnesota nursing homes raise concerns over new wage laws

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