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City of <br />Elk az <br />— <br />River <br />Request for Action <br />To <br />Item Number <br />Mayor and City Council <br />6.2 <br />Agenda Section <br />Meeting Date <br />Prepared by <br />Presentations, Awards, <br />October 5, 2015 <br />Colleen Eddy, Economic Development Specialist <br />and Recognition <br />Item Description <br />Reviewed by <br />Proclamation: Minnesota Manufacturer's Week <br />Amanda Othoudt, ED Director <br />Reviewed by <br />Cal Portner, City Administrator <br />Action Requested <br />Mayor to read the proclamation recognizing Manufacturer's Week as October 1 —10, 2015. <br />Background/Discussion <br />Manufacturing is the backbone of Minnesota's economy thanks to the sector's strength, versatility, and <br />innovation. <br />Manufacturing contributes $43.9 billion to the state economy and accounts for 14% of Minnesota's gross <br />domestic product. Manufactured exports bring nearly $20 billion into Minnesota's economy and generate <br />805,000 jobs. <br />Most manufacturing jobs in Minnesota are concentrated in the following products: food products, <br />computer and electronic products, fabricated metal products, machinery printing, medical devices, <br />plastics, and transportation equipment. <br />After the tough recession, manufacturing has made a substantial comeback in Central Minnesota. <br />Manufacturing has added more employment to this region's economy than any other industry since 2010, <br />gaining 3,676 jobs. <br />This remarkable rebound accounts for almost 30% of total job growth. That growth was especially <br />impressive from 2012 to 2013, when more than one in five new jobs were in manufacturing. <br />Financial Impact <br />N/A <br />Attachments <br />■ Proclamation <br />P a w E A E U s r <br />NaA f RE] <br />