Investment fund doubles in size
Gov. Mark Dayton kicks off what he's calling his statewide jobs tour today with a visit to Fergus Falls. Numerous polls show voters place jobs and the economy at the top of their list of concerns right now. That may be one reason why, even as agency budgets were being cut throughout state government, this year's state budget nearly doubled the size of a relatively small and little-known program called the Minnesota Investment Fund. The fund got an extra $3 million to give out in low-interest loans to businesses that want to expand in or relocate to Minnesota.
MPR's Phil Picardi spoke with Mark Lofthus, who directs the Minnesota Investment Fund and other job creation programs at the state Department of Employment and Economic Development.
- Morning Edition, 08/24/2011, 8:25 a.m.