Minnesota's manufacturing executives still have significant concerns about the economy, even though 82 percent expressed confidence about the future of their own companies, Finance & Commerce reports. That's according to the fifth annual State of Manufacturing survey from trade group Enterprise Minnesota.
The top issues nagging 400 industry executives across the state include tax uncertainty in Washington, the cost of new health care regulations and the ability to recruit skilled factory workers, according to the Star Tribune.
“We are seeing the effects that national issues, like health care and taxes, are having on Minnesota’s manufacturing industry,” Enterprise Minnesota President & CEO Bob Kill said in news release. “The confidence of the last two years has been tempered, but the certainty among executives in their own companies’ ability to innovate, evolve and add jobs is what will help Minnesota grow as a strong manufacturing state.”