FOR IMMEDIATE RELEASE
Mankato, MN, July 21, 2022 – Greater Mankato leads the state in employment growth between June 2021 and 2022 according to data released today by the Minnesota Department of Employment & Economic Development. Employment growth 4.0% reflects an increase of 2,206 workers.
Greater Mankato’s unemployment continues to set historic lows with only 770 unemployed individuals as of May. The unemployment rate of 1.3% is less than the state unemployment rate of 1.8%, which also set a historic low.
“The overwhelming majority of residents in our region have returned to the workforce.” Said Ryan Vesey, Economic Development & Research Manager. “Years of strong community support for local businesses has resulted in historically high demands for labor ensuring that the individuals returning to the workforce have been able to find jobs.”
Greater Mankato has seen rapid job growth in 2022 – with 900 jobs added between March and June.
About the Regional Economic Development Alliance
In 2009, the Regional Economic Development Alliance (REDA) began with a progressive group of communities and counties joining together with Greater Mankato Growth in business attraction and development efforts. REDA participants include Eagle Lake, Lake Crystal, Mankato, North Mankato, Saint Peter, Blue Earth County, and Nicollet County. By working together, the group is able to efficiently provide regional and individual city and county information to businesses interested in the Greater Mankato marketplace. As a result of promoting the individual strengths of each community, along with the combined assets of the regional marketplace, all experience collective success.
About Greater Mankato Growth
Greater Mankato Growth, Inc. (GMG) is comprised of four business units; Greater Mankato Growth, the regional chamber of commerce and economic development organization; Visit Mankato, the local destination management organization; City Center Partnership, a downtown development organization; and GreenSeam, which utilizes agriculture to build on the region’s extensive agribusiness assets to develop the ag economy.
Economic Development & Research Manager