New Economic and Business Conditions Reports Analyze and Map State’s Development by Region
Targeted News Service |
The first in a series of
Among the highlights of the report are regional maps that plot where new businesses have been registered over the past 14 years, the first time business filing data have been mapped.
"It's extremely useful for local businesses to have access to this information to understand important indicators that are affecting their region's business and economic development," says Secretary of State
"These reports are a first for a data structure that comprehensively analyzes and incorporates specific regional indicators such as initial claims for unemployment insurance and building permits," says Professor
The reports also build on a continuing initiative of the
Key findings for each region are listed below. View each region's full report online.
There were 10,406 new business filings in the seven-county metro area in the first quarter of 2014 -- representing a 0.7 percent increase from one year ago.
Employment increased by 1.4 percent over the year ending
Based on an index built with five leading indicators,
Central
There were 1,450 new business filings in the 2014 first quarter -- representing a 0.3 percent decline from one year ago.
Employment grew at a 1.8 percent seasonally adjusted annual rate in the 2014 first quarter. Nearly 7,000 more residents of
Based on an index built with five leading indicators,
Northeast
There were 539 new business filings in the first quarter of 2014 -- representing an 8.5 percent improvement from 2013.
Employment grew at a 0.8 percent rate over the 2014 first quarter. More than 1,000 additional residents are now employed compared to one year ago, about equal to the growth of the labor force. There are nearly two job vacancies for every five unemployed people in the region.
Based on an index built with five leading indicators,
Northwest
There were 1,024 new business filings in the 2014 first quarter -- representing a 5.5 percent decline from one year ago.
Employment increased by 1.9 percent over the year ending
Based on an index built with five leading indicators,
Southeast
There were 847 new business filings in the 2014 first quarter -- representing a 1.5 percent decline from one year ago.
Employment increased by 1 percent over the year ending
Based on an index built with five leading indicators,
Southwest
There were 660 new business filings in the 2014 first quarter -- representing a 6.8 percent increase from 2013.
Employment increased by 1.5 percent over the year ending
Based on an index built with four leading indicators,
Minnesota Statewide Business Filings
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