Duluth, MN (NNCNOW.COM)
Mayor Don Ness met with the Department of Employment and Economic Development commissioner, Katie Clark Sieben today to discuss the Minnesota Investment Fund.
The goal of the fund is to create economic opportunities by providing incentives to businesses that operate out of the Minnesota area.
Governor Dayton's proposed budget allotted $30 million towards the fund. DEED will be going to the legislature in hopes of seeing that funding come to fruition.
If passed, Minnesota would be able to provide low interest loans to businesses that create jobs here.
Mayor Ness and the commissioner say that while initiatives are important, Duluth's primary selling point, is the strength of our workforce.
"We can meet your workforce needs, we're going to have the loyal hardworking employees that you need to make your company successful," says Mayor Ness.
The Mayor went on to say that there are some states that lead with their incentives putting much more money on the table to attract businesses.
Duluth is more focused on recruiting businesses that put workforce and quality of life as their top priorities.
Mayor Ness recognizes the state need to become more competitive.
AAR, the number one aircraft parts supplier in the world, recently moved to Duluth, but they were initially offered much more lucrative packages from other states.
Authorities say AAR's relocation to Duluth brought over 200 jobs to the area.
The Minnesota Investment fund is a part of a larger bill that was introduced earlier this morning.
Posted to the web by Gabrielle Ware