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Northwest Minnesota Economic and Business Conditions Report Second Quarter 2018

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  • معلومة اضافية
    • بيانات النشر:
      The Repository at St. Cloud State
    • الموضوع:
      2019
    • Collection:
      The Repository at St. Cloud State University
    • نبذة مختصرة :
      Continued steady economic growth is expected in the Northwest Minnesota planning area over the next several months according to the predictions of the St. Cloud State University Northwest Minnesota Index of Leading Economic Indicators (LEI). Four of five index components increased in the most recent quarter as the LEI rose 2.26 points. An increase in the Rural Mainstreet Index (which signals a more robust macroeconomic environment for rural America) and a larger number of residential building permits in Fargo/ Moorhead and Grand Forks/East Grand Forks were among the positive components in this quarter’s leading index. A rise in the number of new filings for LLC and incorporation in Northwest Minnesota and lower regional initial jobless claims also helped drive the LEI higher. Weakness in a national consumer sentiment index was the only negative index component in the second quarter. There were 1,327 new business filings with the Office of the Minnesota Secretary of State in Northwest Minnesota in the second quarter of 2018 — representing a 9.2 percent increase from one year ago. With 119 filings, there were 1.7 percent fewer new filings for business incorporation in the second quarter compared to the same period last year. However, new LLC filings in Northwest Minnesota were up 13 percent from one year earlier—rising to 754. New assumed names totaled 397 in the second quarter—4.2 percent more filings than the same period in 2017. There were 57 new filings for Northwest Minnesota non-profit in the second quarter—eleven more filings than one year ago. Sixty percent of new business filers in the Northwest Minnesota planning area completed the voluntary Minnesota Business Snapshot (MBS) survey in this year’s second quarter. Results of this voluntary survey indicate that about 3.6 percent of new filers come from communities of color. Approximately 8.4 percent of new filers in Northwest Minnesota are veterans. About 2.2 percent of new filers come from the disability community and 0.9 percent of new filings in ...
    • File Description:
      application/pdf
    • Relation:
      https://repository.stcloudstate.edu/qebcr_nw_mn/18; https://repository.stcloudstate.edu/context/qebcr_nw_mn/article/1018/viewcontent/northwest_q2_18.pdf
    • الدخول الالكتروني :
      https://repository.stcloudstate.edu/qebcr_nw_mn/18
      https://repository.stcloudstate.edu/context/qebcr_nw_mn/article/1018/viewcontent/northwest_q2_18.pdf
    • الرقم المعرف:
      edsbas.CAC88C12