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Minnesota Exports Surge in First Quarter, Outpacing National Trend

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Minnesota Exports Surge in First Quarter, Outpacing National Trend


(KNSI) – Minnesota’s goods exports reached $6.7 billion in the first quarter of 2024, marking a 2% increase from the same period in 2023, according to the Minnesota Department of Employment and Economic Development.

The growth surpassed the national trend, as U.S. goods exports remained unchanged year-over-year.

More than half of Minnesota’s top 10 exported products saw moderate to strong performances in the first quarter. Notable increases included a 12% bump in optic and medical products, 18% higher exports in plastics, a 26% hike in vehicle exports and a 33% increase in exports for aircraft and spacecraft. Vehicle and vehicle parts exports showed big gains in markets like Mexico, with triple digit gains for Australia, South Africa, and Poland.

“The growth we’ve seen in the first quarter compared to 2023 is a promising start to the year,” said DEED Commissioner Matt Varilek. “We’re excited to see strong growth with some of our most important trading partners and from our biggest industries. Increasing global trade can help us create good jobs, help businesses expand, and keep our economy growing.”

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Sales of Minnesota goods to North America rose by 1%, with a 20% increase in exports to Mexico offsetting continued declines to Canada. Export losses to Canada were driven by a 16% drop in mineral fuels and oil but were partially offset by a 112% growth in aircraft products and a 17% increase in vehicle products. Other notable segments with gains included cereal grains and food by-products, increasing the export values on both by a combined $132 million.

The Minnesota Trade Office at DEED is organizing a business development mission to Canada next week. A delegation of state agencies and Minnesota economic development and agricultural leaders will promote Minnesota as a prime destination for trade and business investment.

Minnesota saw significant export growth in many other global regions, such as Asia, the Caribbean, Central and South America, the Australia-Pacific region and the Middle East. However, exports to the EU fell by 6% despite significant growth in markets like Ireland and France. Exports to Africa decreased by 13%.

“The export rebound is great news after declines in the past year,” said Minnesota Trade Office Executive Director Gabrielle Gerbaud. “We continue to focus on international growth opportunities and work with Minnesota companies to expand their reach and make new connections in foreign markets.”

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Minnesota

Local View: Klobuchar owes Minnesota seniors visible actions on health reforms

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Local View: Klobuchar owes Minnesota seniors visible actions on health reforms


Politicians projecting an image of themselves that’s not entirely accurate is nothing new. Try as she does with her always-on media presence, Minnesota U.S. Sen. Amy Klobuchar is apparently no different. This seems especially true when it comes to health care programs older Minnesotans rely on and reigning in large integrated corporations. This seems doubly evident when it comes to how President Joe Biden’s Inflation Reduction Act relates to the business practices of Minnesota-based UnitedHealth Group.

Sen. Klobuchar misses few opportunities to tout her support, if not ownership, of the federal spending bill’s changes to Medicare. She and other progressives in Washington, D.C., promised it would drive down consumer prices and lower drug costs for seniors in Medicare. Despite such statements, it hasn’t worked out that way.

Not at all, actually. A full year after the passage of the Inflation Reduction Act,

polling

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by the D.C. nonprofit

American Commitment

showed nearly 85% of older Americans said prices for goods and services had gone up, not down. Less than 11% said the costs of their prescription drugs had decreased. All told, nearly 80% viewed the costly legislation as a “failure.” Just ask older Minnesotans if their drug costs have gone up or down. Then ask the same about their Medicare premiums and out-of-pocket expenses. What they’re seeing with their own eyes does not comport with what Biden and Klobuchar are trying to sell us.

Klobuchar also fails to stress what few seniors probably know, that buried in the bill’s small print were provisions to immediately

divert more than $250 billion

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in projected Medicare drug savings to other spending measures. This included billions in large subsidies paid to big insurers, tax credits for electric-vehicle buyers, and other questionable handouts unrelated to the Medicare program — largely doled out before the ink was dry.

Big insurers will also benefit from new government price controls that lower the costs of medicines they have to cover. Meanwhile, most of the drug pricing “savings” provisions sold to seniors had delayed, years-long implementation schedules.

Making matters worse, since passage of the Inflation Reduction Act, older Americans in Medicare Advantage have been socked with skyrocketing premiums and out-of-pocket costs imposed by big insurers and their pharmacy benefit manager middlemen. Then add

recent drug shortages

and warnings of new potential patient access restrictions — and

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allegations of insurers overcharging Medicare billions

and

using AI to deny patients

care — and it seems clear our health care problems are likely getting worse.

Yet, even as these troubling issues and critical accountability measures have emerged, including bipartisan reforms to prevent big insurers and pharmacy benefit managers from pocketing massive drug-price rebates rather than passing them on to patients, Klobuchar has been largely AWOL. The same goes for conducting oversight on the handful of giant integrated health care conglomerates, including UHG, that control so much of the system. The latter is especially noteworthy considering she chairs the powerful Senate Judiciary Antitrust Subcommittee and is in a great position to do so.

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Nowhere has there been more consolidation than in the health care industry, a massive sector of our economy that impacts nearly every citizen and consumer, young and old. Through acquisitions and a little help from government entitlement programs like Medicare and Obamacare, UHG has grown to be one of the biggest corporations in the world. In addition to being the biggest provider of Medicare Advantage plans,

it also owns

some of America’s largest pharmacy benefit managers, pharmacies, surgical centers, physician practices, surgical centers, and large home health companies, earning it north of $370 billion last year.

Additionally, UHG maintains a financial partnership with the supposed seniors’ advocate AARP, one that has now paid the organization over

$8 billion

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in royalties and fees. The AARP, too, is notably quiet in calling for reforms for big insurers and pharmacy benefit managers.

Much of this came into play just a few weeks ago in Washington when Congress examined the far-reaching structure and practices of UHG in relation to the systemic cyberattack on health IT giant Change Healthcare. Even as Democrats, Republicans, the

U.S. Department of Justice

, and other agencies busily call out the potential threats such integrated health cartels pose, Klobuchar, along with the well-funded AARP, remain curiously inactive.

While some might not fault Klobuchar for having loyalty to the president or a large home-state employer, the glaring discrepancies between what she says, what she does, and what she seems to willfully ignore — when two of her supposedly signature reform issues collide — are cause for great concern. Older Minnesotans now expect visible action, and Sen. Klobuchar owes them no less.

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Bob Johnson of The Villages, Florida, is a retired Minnesota trade association executive and the former president of the

Insurance Federation of Minnesota

(insurancefederation.org). He serves as an advisor to

Commitment to Seniors

(commitmenttoseniors.org), a project of

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American Commitment

(americancommitment.org), a nonprofit in Washington, D.C., that’s critical of AARP.

Bob Johnson
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Flag Football Growing Women's Sports in Minnesota

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Flag Football Growing Women's Sports in Minnesota


The day’s local, regional and national news, detailed events and late-breaking stories are presented by the ABC 6 News Team, along with the latest sports, weather updates including the extended forecast.

(ABC 6 News) — Over the past few weeks 4 flag football teams in Southeastern Minnesota have been meeting to grow women’s sports. Pine Island, Kasson-Mantorville, La Crescent, and Rosemount have been rotating hosts for this unique opportunity.

Just a few weeks in and all the teams are receiving plenty of support from the community. Even to begin the sport the Minnesota Vikings have provided grants in order to cover equipment and official costs. Allowing anyone and everyone the opportunity to play.

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Diver drowns attempting to recover sunken machinery in northern Minnesota

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Diver drowns attempting to recover sunken machinery in northern Minnesota


WCCO digital update: Afternoon of June 30, 2024

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WCCO digital update: Afternoon of June 30, 2024

01:57

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CRANE LAKE, Minn. — An investigation is underway after a 50-year-old man died early Sunday afternoon while scuba diving in a northern Minnesota lake.

The St. Louis County Sheriff’s Office says the man had been assisting a group of people in recovering a piece of sunken machinery in approximately 70 feet of water at Crane Lake.

The diver had failed to resurface after spending a “period of time” underwater, authorities say. Those on the scene began rescue efforts before first responders arrived to help.

The man was pulled to the shore and pronounced dead, according to the sheriff’s office.

Authorities say the man had been trained as a scuba diver but was not affiliated with any recovery or salvage company.

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The victim’s name will be released at a later time.



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