Greater Mankato Growth Sends Letter to Governor Walz

Today, Greater Mankato Growth sent a letter to Governor Tim Walz providing statistics to create awareness of talent challenges facing our region.

The Department of Employment and Economic Development has taken great strides to ensure that individuals receiving unemployment insurance are aware of the job opportunities that exist across the state.

We asked that the State implement measures to supplement the work that is being done surrounding awareness of job availability by creating enforcement measures, while offering flexibility for those still impacted by COVID-19 considerations. You can read the full letter here.

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COVID-19 Business Loan/Grant Resources

With COVID-19 hitting businesses tremendously hard, all levels of government and other organizations have made a number of financial resources for businesses available. Below is a comprehensive list of those resources with links to where you can learn more. Continue reading “COVID-19 Business Loan/Grant Resources”

Unemployment For Self-Employed & Independent Contractors Implemented In Minnesota Under Pandemic Unemployment Assistance

FromTheDomeThe unemployment program for self-employed individuals, independent contractors, and other eligible recipients who cannot receive regular unemployment benefits is available beginning today according to the Minnesota Department of Employment and Economic Development.

Program details:

  • According to the state, if you already applied for regular unemployment benefits there is nothing more you need to do to qualify and a benefit account will automatically be established for you if you are eligible
  • DEED will be in touch with those eligible for the program by the end of April
  • Recipients will receive the additional $600 per week federal bump
  • Benefits are retroactive to when you first became eligible due to COVID-19
  • Expect to receive information about benefits either in the mail, by email, or in your online account
  • If you have not applied for benefits click here for further instructions

More information can be found here.

Unemployment Insurance Update

The state of Minnesota is directing employees who have been laid off or had their hours reduced as a result of COVID-19 to apply for unemployment insurance.  

For Employees

The Governor recently signed an executive order increasing the accessibility and flexibility of unemployment insurance for employees – including ensuring that payments can start immediatly. If you have had any disruption in pay as a result of COVID-19, you are encouraged to get more information and apply here: https://www.uimn.org/applicants/needtoknow/news-updates/covid-19.jsp

For Employers

Unemployment insurance has a “Shared Work” program that Employers can take advantage of to divide work among a group of employees that will work reduced hours during a temporary slowdown. They are paid unemployment benefits to offset part of their reduced wages. This help you retain those employees vs. laying them off.

In addition, Govenror Walz has announced that employers paying unemployment insurance taxes will not see a rate increase if their workers collect unemployment benefits as a result of COVID-19. Employers can get more info here: https://www.uimn.org/employers/employer-account/news-updates/covid-19.jsp

 

Unemployment Insurance Tax Refund Headed Your Way

FromTheDomeAs a result of the state’s unemployment insurance system collecting more than it needs to remain solvent, a bill was signed into law this year that will provide payroll tax relief of $258 million in the unemployment insurance system. Most employers will receive a credit on their 2016 unemployment insurance premium totaling approximately 40 percent. Notices are being mailed from the Department of Employment and Economic Development and will be arriving soon. Continue reading “Unemployment Insurance Tax Refund Headed Your Way”