DEED: Minnesota businesses expect stable 2020

There is a concern though about labor growth, with 79%predicting stability, only 8% think labor availability will grow in 2020.

DEED: Minnesota businesses expect stable 2020

MANKATO, Minn. (KEYC) - An annual survey shows Minnesota Businesses expect stable conditions in 2020.

According to the joint survey by Minnesota’s Department of Employment and Economic Development and the Federal Reserve of Minneapolis, 86-percent of businesses in Minnesota expect sales revenue to increase or remain stable next year.

There is a concern though about labor growth, with 79%predicting stability, only 8% think labor availability will grow in 2020.

DEED Commissioner Steve Grove says certain industries reporting stability is a good sign for Minnesota’s economy.

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