Economic Development

Growth & Justice aims to help policymakers and economic development officials wisely invest Minnesota's limited public resources to strengthen the economy and job growth through:

• Assistance for businesses, entrepreneurs and laid-off workers
• Long-term approaches to sustain economic development
• Tests to ensure real economic development impacts

The public sector plays a role in both long- and short-term economic development in our state. In an economic recovery, this role is even more important. By assisting businesses, laid-off workers and entrepreneurs, along with wise use of available federal funding, the state can emerge stronger. Smart approaches to long-term development, including investments in education and infrastructure, avoiding company-specific tax breaks, and a focus on strengths and growth drivers, can help Minnesota increase economic growth and prosperity.

Guiding principles for state and local economic development policy:

• Public policies influence growth, but do not supplant the private sector.
• Public economic efforts should focus on factors under the influence of the government.
• Efforts are cost effective.
• Policies benefit both businesses and the workforce.
• People and areas of the state most in need receive attention.
• Regional efforts complement broader statewide policy.
• The state's natural resources are protected.

Targeted economic development policy will strengthen Minnesota's economy in the short term, while putting the pieces in place for a prosperous future.