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Growth and Development

Northeast Minnesota Economic and Business Conditions Report

2017

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Northeast Minnesota Economic And Business Conditions Report - Second Quarter 2017, Richard A. Macdonald, King Banaian Oct 2017

Northeast Minnesota Economic And Business Conditions Report - Second Quarter 2017, Richard A. Macdonald, King Banaian

Northeast Minnesota Economic and Business Conditions Report

Steady economic growth in Northeast Minnesota is expected over the next several months according to the predictions of the Northeast Minnesota Index of Leading Economic Indicators (LEI). Four of the five components of the LEI increased as the overall index rose 0.68 points in the second quarter. An improvement in a general measure of statewide business conditions, a rise in a supply managers’ survey, lower initial jobless claims in the region, and increased new filings of incorporation all helped lift this quarter’s index.

There were 681 new business filings with the Office of the Minnesota Secretary of State in Northeast …


Northeast Minnesota Economic And Business Conditions Report - First Quarter 2017, Richard A. Macdonald, King Banaian Jul 2017

Northeast Minnesota Economic And Business Conditions Report - First Quarter 2017, Richard A. Macdonald, King Banaian

Northeast Minnesota Economic and Business Conditions Report

Continued strong economic growth in Northeast Minnesota is expected over the next several months according to the predictions of the Northeast Minnesota Index of Leading Economic Indicators (LEI). Four of the five components of the LEI increased as the overall index surged by 6.25 points in the first quarter. An increase in the number of Duluth area residential building permits, an improvement in a general measure of statewide business conditions, a rise in a supply managers’ survey, and increased new filings of incorporation all helped lift this quarter’s index.

There were 626 new business filings with the Office of the …


Northeast Minnesota Economic And Business Conditions Report - Fourth Quarter 2016, Richard A. Macdonald, King Banaian Mar 2017

Northeast Minnesota Economic And Business Conditions Report - Fourth Quarter 2016, Richard A. Macdonald, King Banaian

Northeast Minnesota Economic and Business Conditions Report

An acceleration of economic growth in Northeast Minnesota is expected over the next several months according to the predictions of the Northeast Minnesota Index of Leading Economic Indicators (LEI). Three of the five components of the LEI increased as the overall index surged by 8.23 points in the fourth quarter. An increase in the number of Duluth area residential building permits, an improvement in a general measure of statewide business conditions, and a rise in a supply managers’ survey all helped lift this quarter’s index. A reduction in new filings of incorporation in the Northeast Minnesota planning area and higher …