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From:bcd/ori To: Mr.Brian Fritsinger Date:2/4/95 Time:14:32:44 ECONOMIC DEVELOPMENT UPDATE g1•u) ,... . »> EDAM finnesota Depa><tment of Trade < ;-. Economic Development Association Economic Development of Minnesota Contact:John Moon,612-854-6215 Contact Gene Goddard 612-297-1168 February 3. 1995 1-800-657-3858 Volume 2,No.6 Week In Review others. Between the third quarter 1991 Committee Deadlines: On Wednesday, February 1, the DTED - and fourth quarter 1993, DTED's'Business FridaComryittearch 311i- 12:00 - Midst night: b out st Business and Community Development Tracking System has identified 29 Division presented an overview of its Minnesota manufacturers that have moved of committee in house of origin. activities before the House International out of Minnesota and cited high taxes or Trade and Economic Development workers' comp. costs as a primary reason. Friday, April 7 - 12:00 Midnight: 2nd Committee Chaired by Rep. Jaros. The This group of large, medium and small Committee Deadline - Bills out of presentation focused on the structure of businesses employed more than 1,400 committee in the second house. the division, programmatic responsibilities workers in Minnesota before their move. Friday April 21 12:00 Midnight: 3rd and the department's performance measurement report. This number does not include businesses Committee Deadline - Omnibus in other industries, especially wholesaling Appropriations Bills out of policy DTED was followed by a discussion on and trucking, that have left the state. It committees. Minnesota's business climate by Bill also does not include businesses that have Blazer, Minnesota Chamber, and Wayne chosen to expand outside of Minnesota or Next Week Heating Schedule: Cox and Bernard Brommer of the AFL- were not able to expand at all because of Monday Feb. 6th: CIO. The Chamber discussed the high state-imposed costs. Finally, it does *House Labor Management Relations initiatives it's supporting, including not include the workers whose wages are (Chr. B. Johnson) 12:30 pm, 200 SOB: Worker's Comp. reform, C&I property tax lower than the otherwise would have been, H.F. 244 Establishing the governor's relief, maintaining the phaseout on the because their employers' labor costs were workforce development council; Replacement Equipment Sales Tax and inflated by state-imposed costs and taxes. Minimum Wage. * Senate agriculture and Rural reform for education and local government spending. Bill Introductions: Development (Chr. Bertram) 12:00 Tax Increment Financing CITE): noon, 107 Cap. PCA, DNR and Dept. The AFL-CIO argued Lhat Minnesota's The following TIF bills have been of Ag. on policy and procedures. healthy economy indicated that no reform introduced: H.F. 131 Increases maximum in worker's comp. is needed and that the amount of TIF for use in ethanol. Tuesday, Feb. 7th: money used Lc) phaseout the sales Lax on H.F. 147/S.F. 265 Restrictions on the use *House Commerce, Tourism & replacement equipment might be of TIF. H.F. 149 County approval of TIF Consumer Affairs (Chr. Sarna) 12:30 Eliminatingthe capon county pm, 10 SOB: Presentation by MN considered to be used to pay for education projects, Office of Tourism. They also cited DTED's Business contributions to local Economic * Senate Taxes and Tax Laws, Tracking Report and Advantage Development organizations. Subcommittee on Property Taxes (Chi. Minnesota's "Advance" newsletter as Local TIF Bills: 4:00 pm, 15 Ca supporting their position that all is well H.F. 821 S.F. 78 City of Springfield. Hottinger)local government:00responseCap. Discussion the with Minnesota's business climate, and jobs H.F. 100 City of Morris. are not fleeing the state. H.F. 186/S.F. 122 City of St. Louis Park. governor's budget proposals. H.F. 285 City of Windom. 9th: Feb y, a d hurs The DTED Business Tracking System S. F. 165 City of Hastings. Thursday, Jobs, Energy and Community identifies business births, deaths, S.F. 225 City of Hopkins. Development, Subcommittee on expansions and contractions for all De to ent(Chr. Chandler) 10 am, industries in Minnesota each quarter. The Workers Compensation p information is derived from the employer To date there have been 9 WC bills 107 Cap. Workers' Compensation. file of the State's unemployment insurance introduced in the House and 3 in the Information: lntormadon: system. It also independently tracks, by Senate. H.F. 144 GHeneral f orma ion: House: rotor adon: survey, the cause of death for the H.F. 18 Senate:296-0504 Senate:296-8086 approximately 60 to 200 manufacturing H.F. 69 H.F. 204 To pbn Copies of Bills:H.F. 234 businesses that go out of business each H.F. 81 House:612-296-2314 H.F. 91 Senate:296-2344 quarter. Possible causes of death include H.F. 85on ange of address,p c e k a h he S.F. 2_53 To ma number or fax financial failure, death or retirement of the H.F. 92 S.F. 96 Tum aa c contact Gene Gpon DIED owner and moving out of the state, among S.F. 254 Project Coordinator at 612-297-1168 or 1.800- 657-3858. Drafted by DIED.