Skip to main content.

Startups Key to Minnesota Post-Virus Economic Recovery

Monday, November 23, 2020

First, I’d just note that we gathered state leaders, partners and startups from across the state last week for a virtual event to celebrate the one-year anniversary of Launch Minnesota, a program designed to accelerate startups. You can find out more in Launch Minnesota’s First-Year Progress Report.

I’d like to share a message I wrote – which appeared in the Star Tribune on Sunday – about the importance of our startup community to Minnesota’s economic recovery.

To say that 2020 has been a challenging year for the Minnesota economy would be an understatement. In the first three months of the COVID-19 pandemic, we lost a stunning 385,000 jobs. We've paid over $8.5 billion in unemployment insurance benefits to Minnesotans — 10 times more than we ever have in a single year. And consumer confidence hinges on the trajectory of the coronavirus, which continues to spread at an alarming rate.

But from recession will come renewal. While a lot of work remains to protect our workforce and economy from the COVID-19 pandemic, we cannot wait to begin the work of making Minnesota's economic recovery strong, smart and equitable.

Read full article.

Category: News

Fast Fact Image

TCDC RLF funds provide additional access to capital for new and emerging small businesses where traditional sources of funding are unavailable or limited.  Strong consideration is given to value added agricultural manufacturing, technology, commercial/industrial and product manufacturing businesses that retain or create quality jobs.