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Mankato-North Mankato Manufacturing Continues Growth
Mankato, MINN (March 22, 2018) – The Minnesota Department of Employment and Economic Development released the February 2018 employment figures today. The Mankato – North Mankato Metropolitan Statistical Area (MSA) saw a gain of 1,641 jobs or 2.9% year over year in the month of February, which led all metropolitan areas in the state for the second straight month. The MSA added over 1,600 jobs in January as well.
Goods Producing sector (manufacturing) occupations had the highest rate of growth with 4.3% in February. This is the highest rate of growth in February for this sector since 2013. The growth in the Good Producing sector began to take off in March of 2017 and continued throughout the year, surpassing previous record highs in 2015 and 2014.
Employment in both the Public (1.6%, 158 jobs) and Private Sector (3.1%, 1,483 jobs) grew in February 2018.
“The growing employment figures demonstrate our regional economy’s efficiency even during a national labor shortage,” said Jonathan Zierdt, President & CEO of Greater Mankato Growth, “However, we continue to hear from businesses the need for more employees to continue to fuel the growth happening in the marketplace.”
About GMG, Inc.
GMG, Inc. is committed to advancing business for a stronger community. As the Chamber of Commerce and Economic Development organization serving the regional marketplace, Greater Mankato Growth advances business through: existing business support, new business growth, business promotion, talent development, public affairs, community marketing, visitor attraction and servicing and civic engagement. GMG, Inc. also includes three LLCs: Visit Mankato, which focuses on visitor attraction and servicing, the City Center Partnership, LLC, which focuses on development in the City Center and GreenSeam, LLC which fuels the region’s agribusiness strengths in southern Minnesota and northern Iowa.
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, Le Sueur, Madison Lake, Mankato, North Mankato, Saint Peter and Blue Earth and Nicollet Counties. 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.
John Considine, 507.385.6640