null Skip to main content.
Site Logo
  • Linkedin
  • Facebook
  • Twitter
  • Youtube
    • About
      • Staff
      • Economic Development Partners
      • Contact Us
    • Communities
      • Afton
      • Bayport
      • Cottage Grove
      • Forest Lake
      • Hugo
      • Lake Elmo
      • Mahtomedi
      • Newport
      • Oak Park Heights
      • Oakdale
      • Scandia
      • St. Paul Park
      • Stillwater
      • Woodbury
    • Business
      • A Guide To Starting a Business in Minnesota
      • SizeUp Small Business
      • Open to Business
      • Incentives
      • Business Resources
      • Small Business Support Calendar
    • What's Next CEO
      • What’s Next CEO Peer-to-Peer Round Table
        • FAQ
        • Peer-to-Peer Member Login
      • Resources
        • Workforce
        • Funding
        • Supply Chain
        • Sales
        • SizeUp Small Business
        • Webinars
      • Partners
      • Business Updates
      • Small Business Support Calendar
      • Contact Us Today!
    • Brownfield EPA Grant
    • Site Selection
      • Economic Profile
      • Available Properties
      • Infrastructure
      • Tax Structure
      • Location Advantages
      • Washington County Profile
    • Workforce
      • Quality of Life
      • Labor Force
      • Labor Force Studies
      • Major Employers
      • Workforce Resources
      • Housing
    • Relocate
      • Our Communities
      • Housing
      • Childcare
      • Healthcare
      • Education
      • Safety
      • Cost of Living
    • News
    • Videos
    the legends of cottage grove senior living sign and building front
    Contact Us

    Contact Photo Image

    Chris Eng
    Economic Development Director
    651-458-1696 fax
    Email Chris

  • Home
  • CDA
  • County
  • Contact
  • Translate
    Search This Site Search
    1. Home
    2. News
    3. Minnesota Business Services Firms Expect Mostly Contracting Conditions in the Next Year
    Minnesota Business Services Firms Expect Mostly Contracting Conditions in the Next Year main photo

    Minnesota Business Services Firms Expect Mostly Contracting Conditions in the Next Year

    September 21, 2020

    ST. PAUL – Minnesota business service firms expect mostly contracting conditions during the next four quarters due to the COVID-19 pandemic, with slightly more than half (52%) anticipating a decline in consumer spending and corporate profits, according to a joint survey released today by the Minnesota Department of Employment and Economic Development (DEED) and the Federal Reserve Bank of Minneapolis.

    Business services firms – such as engineers, accountants and architects – have a mixed outlook on their own profit projections over the next four quarters, with 49% expecting to see a drop, 34% expecting no change, and 17% anticipating an increase in profits.

    Read full article.

    • Facebook
    • Twitter
    • LinkedIn
    • Email
    • Print
    View Custom Report

    Why Washington County, MN?

    Available Workers

    144,655

    Available Workers 

    Source: U.S. Census Bureau, 2017-2021 American Community Survey

    High School Diploma

    95.4%

    Percentage of the Adult Population (18 years & over) with at Least a High School Diploma 

    Source: U.S. Census Bureau, 2017-2021 American Community Survey

    Median Age

    39.6

    Median Age 

    Source: U.S. Census Bureau, 2017-2021 American Community Survey

    Increase in Population

    15.9%

    Increase in Population Since 2010 

    Source: U.S. Census Bureau, 2017-2021 American Community Survey

    Footer Icon
    Washington County Community Development Agency
    7645 Currell Blvd, Woodbury, MN, 55125 P: 651-458-0936 F: 651-458-1696
  • Home
  • Contact
  • Site Map
  • © 2025 Washington County Community Development Agency . All rights reserved. Economic Development Websites by Golden Shovel Agency.