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    4. Minnesota Business Firms Expect Stable Conditions In 2020
    Minnesota Business Firms Expect Stable Conditions in 2020 main photo

    Minnesota Business Firms Expect Stable Conditions in 2020

    July 26, 2019

    Annual survey by DEED, Federal Reserve Bank of Minneapolis measures stability of business services

    ST. PAUL – Minnesota business service firms feel positive about the economy, with 86 percent expecting sales revenue to increase or remain stable next year, according to a joint survey released today by the Minnesota Department of Employment and Economic Development (DEED) and the Federal Reserve Bank of Minneapolis.

    Business services firms are less optimistic however that labor availability will grow or remain stable in 2020. Seventy-nine percent expect labor availability to remain stable, while 13 percent expect a decline. Only 8 percent of respondents anticipate labor availability to grow next year.

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    Todd County Development Corporation347 Central Ave, PO Box 247 Long Prairie, MN 56347 Tel 320-732-2128 melissa.wyman@co.todd.mn.us
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