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Fairmont Foods ready to grow
14 Nov 2018
Last year, food manufacturing was nearly four times more concentrated in southwest Minnesota than the state as a whole, according to the Minnesota Department of Employment and Economic Development (DEED). It was one of the few industries that added regional jobs during the recession, increasing employees by 4.7 percent, and continuing that growth over the recovery years.
Fairmont Foods Inc. is a bona fide example of that proliferation.
In January 2015, then-owners of Fairmont Foods announced the plant was closing, putting about 150 full-time and part-time employees out of work. Within 30 days, Downs Food Group of Mankato signed a letter of intent to purchase the plant, and ownership changed hands in a seamless transition on March 17, 2015.
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Manufacturing is Big Business in Minnesota
Nov 14 2018Manufacturing is big business in Minnesota. Shane Delaney with the state Department of Employment and Economic Development says manufacturing supports 319-thousand jobs.
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State Unemployment Rate Drops to 2.9 Percent
Nov 12 2018Jobless rate below 3 percent for first time in nearly 19 years
ST. PAUL – Minnesota’s seasonally adjusted unemployment rate fell to 2.9 percent in August, according to figures released today by the Minnesota Department of Employment and Economic Development (DEED).
The last time Minnesota’s unemployment rate was below...