Study: Fast train from Twin Cities to Rochester would bring in $1 billion a year

Rochester Area Economic Development Inc. hired consultants to answer the question "What would happen if we shrunk the time and distance between the Rochester-area economy and the Twin Cities economy?"
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Rochester Area Economic Development Inc. hired consultants to answer the question "What would happen if we shrunk the time and distance between the Rochester-area economy and the Twin Cities economy?"

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Study says Rochester top Minnesota city in job growth

A new economic study says Rochester beats out Duluth and the Twin Cities when it comes to potential economic and job growth. Area Development magazine ranks Rochester No. 1 in the state for adding jobs and No. 66 in the country. Duluth finished No. 77 on the overall listed, followed by Minneapolis-St Paul, including Bloomington at No. 85.

Twin Cities metro ranked No. 85 for job growth

Fueled by growth of the Mayo Clinic, Rochester grabbed a spot in a new list of the top 100 U.S. cities for economic and job growth in 2012, beating out Minneapolis/St. Paul/Bloomington as the top city in Minnesota. Rochester was No. 66, Duluth No. 77 and the Twin Cities No. 85 on the list that ranked 365 metro areas.

State tax revenue beats forecast, but $1 billion shortfall still looms

Revenue from Minnesota taxes came in more than two percent ahead of expectations in the fiscal year that ended June 30th. A top budget official says the extra $336 million is good news, but doesn't really clear up the clouds on the economic horizon. The state still faces a $1 billion shortfall in the two-year budget that starts next summer. And forecasters are getting less optimistic about the prospects for growth.