economy

WATCH LIVE: Governor Walz to discuss police accountability and Minnesota’s economic recovery at 3 p.m.

ST. PAUL, Minn.–Gov. Tim Walz is holding a press conference to discuss police accountability and Minnesota’s economic recovery on Wednesday. The press conference is expected to begin at 3 p.m. Walz will be joined by Lt. Gov. Peggy Flanagan. KVRR will stream the press conference on KVRR.com and our Facebook page. Categories: Minnesota News Tags: economy, GOV. TIM WALZ, police…

Rankings show ND economy is least exposed to coronavirus in the nation

UNITED STATES – North Dakota’s economy didn’t take as hard of a hit as other states according to WalletHub. The website compared all states and the District of Columbia using 14 metrics to make its rankings. The Peace Garden State is 45th for GDP from industries highly affected by Covid-19. It’s also 41st for percentage of employment from industries affected…

Burgum Announces Small Employer Loan Fund

The governor wants to secure long term, low interest loans.

NORTH DAKOTA – The Small Employer Loan Fund will create a $50 million fund to assist small businesses in North Dakota who have 10 full-time employees or fewer. The COVID-19 Pace Recovery Program will provide loans of up to $5 million dollars for businesses with 500 or fewer employees and $10 million for businesses with more than 500. “The real…

Minnesota Joins Midwestern Partnership to Reopen Regional Economy

ST. PAUL, Minn.–Gov. Tim Walz is joining the governors from Michigan, Ohio, Wisconsin, Illinois, Indiana and Kentucky to work at reopening the economy in the Midwest. Walz released a statement confirming the news saying, “Today, we are announcing that Michigan Ohio, Wisconsin, Minnesota, Illinois, Indiana, and Kentucky will work in coordination to reopen our economies in a way that prioritizes…

Unemployment claims soar in North Dakota

There have been more than 19,000 claims filed in a roughly 3-week period

GRAND FORKS, N.D. – A UND professor says three main factors are impacting North Dakota’s current economy: Coronavirus, the oil price war and the potential for spring flooding. Since North Dakota reported its first case of Coronavirus on March 11th, there have been more than 19,000 unemployment claims. The state saw around 23,000 unemployment claims for all of 2019. According…

Lakes Country Fishing Shops Prepare For Opener Amid COVID-19

The State DNR Says People Can Still Go Out And Fish But To Follow Guidelines Like Staying Close To Home, Not To Go In Large Groups Outdoors And To Follow Social Distancing.

LAKES COUNTRY, Minn — Fishing shops across Minnesota are at a stand still for people hoping to be able to walk into stores to get hooked up for the upcoming season in May. As the Governor of Minnesota has asked non-essential businesses to remain closed and people to stay home and avoid any unnecessary travel. The State DNR says people…

Fargo-Moorhead deals with economic impact of coronavirus

Businesses in trouble are encouraged to reach out to their banks for assistive programs

FARGO, N.D. — In the wake of the coronavirus pandemic, many businesses in the Fargo-Moorhead area are left struggling. “If a business is still operating, sales are down 60-70%,” said Downtown Community Partnership President/CEO, Melissa Brandt. “Some have found creative ways to sell their product online or are offering pickup or takeout. Others have made the tough decision to lay…

Local Financial Expert Talks About Continuing Hit To Wall Street

Markets Fall With Continued Response To Fighting Coronavirus Around The Globe

FARGO, N.D. — Stocks fall about 3% on Wall Street after Congress hit another roadblock in talks to inject nearly $2 trillion into the economy. We asked president and financial advisor at Legacy Wealth Management, Paul Meyers, if people should be concerned about their 401k or investments now? “Our advice to our followers is that uh, be reviewing your account,…

Financial experts forecast coronavirus impacts on economy

Flynn Says UND Will Be Releasing Research Data And Financial Estimates For The Coronavirus Later Next Week

GRAND FORKS, N.D. — The emergency declaration by President Trump and by both North Dakota and Minnesota are leaving businesses and people worried about their future. UND Economics and Finance Professor David Flynn says the virus is making some waves in every part of the economy. “I think we will be in for a period of volatility whether you wanna…

Gov. Burgum calls Fargo hottest job market in the country at Economic Outlook Forum

The event featured several speakers, including Forbes publisher Rich Karlgaard and Gov. Doug Burgum

FARGO, N.D. — The Chamber’s 2020 Economic Outlook Forum highlights the metro as one of the best places to live based on local economic trends. The event featured Forbes publisher and North Dakota native Rich Karlgaard as keynote speaker. He explored various factors impacting the economy, from technology to energy and workforce trends. Gov. Doug Burgum says Fargo is the…