Walz presents a long-term economic plan | News, Sports, Jobs

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

The report makes dozens of recommendations that fall under five “commitments” to Minnesota’s economic growth:

1. Commit to the people, as Minnesota’s number one force and key to a prosperous future.

2. Engage with communities as the focal point for growth and opportunity.

3. Commit to business as the engine that will write the next chapter of the global economy.

4. Engage in innovation, as a central dynamic necessary to adapt to an ever-changing economic landscape.

5. Commit to infrastructure, as the foundation of all economic progress.

“We challenged an extensive network of Minnesota leaders to look to Minnesota’s future and find opportunities to make Minnesota a global destination to work, live and own a business,” Walz said. “The result – dozens of bold new ideas – will guide not only our administration, but also the work of the state for the decade to come. I am grateful to our board members for their tireless work in creating Minnesota’s roadmap for economic expansion.

The report details dozens of recommendations, ranging from ways to expand childcare to support working families, to working with employers and labor organizations to prepare students for their careers, and to expanding partnerships. public-private to provide support to small business owners. The full report contains recommendations ranging from public safety to infrastructure, health care, reducing barriers to job creation and innovation.

The council is co-chaired by Jeff Ettinger, former CEO of Hormel and candidate for the 1st Congressional District, and Paul Williams, CEO and Chairman of Project for Pride in Living.

The Council had two primary objectives: First, the Council was asked to offer recommendations on how best to leverage US Bailout funding to advance equitable economic growth. Second, the governor asked for a roadmap for Minnesota’s economic expansion over the next decade.

“I am thrilled that this council is offering recommendations to support a brighter and more inclusive economic future for all Minnesotans,” said Ettinger.

“We know the impact of the pandemic has been especially harsh on communities of color and Minnesotans who face systemic barriers,” said Williams.

The Council heard from communities that have been disproportionately affected by historical and modern inequitable systems and by the pandemic.

“Our economy has been through disruption for the past three years, but Minnesota has a tremendous opportunity to seize this moment to create an economy that works for everyone,” said DEED Commissioner Steve Grove. “We appreciate this extraordinary group of leaders for sharing their time and expertise to advise our state, and I am inspired by the report they presented today.”

“Labour shortages and other economic pressures have created significant challenges for the social services system,” said Jodi Harpstead, commissioner of the Department of Social Services. “The roadmap established by the Council will help ensure access to affordable housing, health care and other essential resources so that all Minnesotans can reach their full health potential and participate in the economic expansion.”

Experiencing a global pandemic has presented unique challenges for every Minnesotan, said Roslyn Robertson, commissioner of the Department of Labor and Industry.

“It was a priority for the board that many voices be heard and that our economic expansion plans include an ongoing commitment to ensuring the safety and health of our workforce.”

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