RUSH TRANSCRIPT Will talk ░░░░░░░░ that next warm up ░░░░░░░░ up in a bit ░░░░░░░░ fans will be there ░░░░░░░░ matter what Some economists ░░░░░░░░ the economy will take ░░░░░░░░ turn for the worse ░░░░░░░░ the coming months However ░░░░░░░░ is in a good ░░░░░░░░ to best these blues ░░░░░░░░ James looked into the ░░░░░░░░ why reporter Minnesotans and ░░░░░░░░ a thing or two ░░░░░░░░ resilience A great example ░░░░░░░░ we weather the weather ░░░░░░░░ a potential recession storm ░░░░░░░░ looms We will hit ░░░░░░░░ recession whether it is ░░░░░░░░ or later States most ░░░░░░░░ of withstanding financial crisis ░░░░░░░░ for your budget and ░░░░░░░░ very strong GDP per ░░░░░░░░ and affordable set of ░░░░░░░░ Those factors and other ░░░░░░░░ led national business capital ░░░░░░░░ online business marketplace to ░░░░░░░░ Minnesota fifth in the ░░░░░░░░ on the list of ░░░░░░░░ recession proof states for ░░░░░░░░ university of Minnesota professor ░░░░░░░░ strategic management and entrepreneurship ░░░░░░░░ schaefer I am surprised ░░░░░░░░ is not higher frankly ░░░░░░░░ during the great recession ░░░░░░░░ own research focused on ░░░░░░░░ twin cities economy in ░░░░░░░░ we have the lowest ░░░░░░░░ rate of all of ░░░░░░░░ major metros in the ░░░░░░░░ States that are top ░░░░░░░░ Covered by the state ░░░░░░░░ on a plymouth insurance ░░░░░░░░ is number two in ░░░░░░░░ nation For performance for ░░░░░░░░ s effective taste tax ░░░░░░░░ Spirit is arguably that ░░░░░░░░ you have such a ░░░░░░░░ fiscal response ability that ░░░░░░░░ can cover people if ░░░░░░░░ is recession in terms ░░░░░░░░ unemployment insurance but maybe ░░░░░░░░ effective tax rate is ░░░░░░░░ good thing because you ░░░░░░░░ afford to cover people ░░░░░░░░ unemployment insurance We do ░░░░░░░░ high taxes of Minnesota ░░░░░░░░ the issue is do ░░░░░░░░ get commensurate benefits Schaefer ░░░░░░░░ there s another undeniable ░░░░░░░░ Minnesota s ability to ░░░░░░░░ economic storms Talent Our ░░░░░░░░ is one that has ░░░░░░░░ big talent base and ░░░░░░░░ some cases the companies ░░░░░░░░ like it to be ░░░░░░░░ but if somebody is ░░░░░░░░ of a job generally ░░░░░░░░ s another job around ░░░░░░░░ The professor of finance ░░░░░░░░ economics at the opus ░░░░░░░░ of business agrees it ░░░░░░░░ about more than raw ░░░░░░░░ fortune 500 companies led ░░░░░░░░ the importance of quality ░░░░░░░░ life when they brought ░░░░░░░░ from outside of Minnesota ░░░░░░░░ they transferred someone in ░░░░░░░░ to transfer them away ░░░░░░░░ five years otherwise people ░░░░░░░░ want to stay And ░░░░░░░░ would be willing to ░░░░░░░░ their job just to ░░░░░░░░ to live here Derek ░░░░░░░░ wcco news North Dakota ░░░░░░░░ the list of the ░░░░░░░░ recession proof states Wisconsin ░░░░░░░░ Minnesota for the fifth ░░░░░░░░ interestingly migration from states ░░░░░░░░ low taxes and