(ABC 6 News) – Governor Tim Walz announced a 10-year economic expansion plan for Minnesota on Wednesday.
The event took place at Wyoming Machine in Stacy, MN. The Governor’s Council on Economic Expansion today released the 28-page report, “Minnesota’s Moment: A Roadmap for Economic Expansion,” which offers long-term actions to continue improving Minnesota’s economy.
Governor Walz launched the fifteen-member Council of Business, Labor and Community Leaders in September 2021 to help advise Minnesota on the systemic change needed across the public, private and nonprofit sectors that will achieve a more equitable, inclusive, sustainable and resilient Minnesota economy.
“We challenged a broad 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,” Governor 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 services to support working families, to working with employers and labor organizations to prepare students for their careers, and to expanding public partnerships. -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 had two main objectives. First, the Council was asked to offer recommendations on how best to leverage US bailout funding to advance equitable economic growth. This first report was released last fall and helped shape the Governor’s strategy for the 2022 legislative session. Second, the Governor asked the Board to think longer term and develop a roadmap for the Minnesota’s economic expansion over the next decade.
The Council has heard from many groups in the course of its work, including state, local and tribal governments, businesses, workers, institutions of higher education, non-profit organizations and communities that have been affected. disproportionately by historical and modern inequitable systems and by the pandemic.
Read the full report HERE.