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Department of Commerce renews Grand Forks' Renaissance Zone program

Department of Commerce renews Grand Forks' Renaissance Zone program
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GF Business: Stimulus Checks…GFK Boardings & Xcel Rates

By Doug Barrett
Feb 21, 2021 12:48 PM
American industry expanded in January for the fourth straight month but has not returned to pre-pandemic levels. The Federal Reserve reports that U.S. industrial production – which includes output factories, mines and utilities – rose 0.9% last month on top of increases of 1.3% in December, 0.9% in November and 1.1% in October.

Those end-of-the-year stimulus checks got Americans shopping again. The Commerce Department says retail sales soared a seasonally adjusted 5.3% in January from the month before as the $600 stimulus checks pushed people to buy furniture, clothing and appliances. That’s the biggest increase since June.

Sales of previously occupied U.S. homes rose again last month, a sign that the housing market’s strong momentum from 2020 may be carrying over into this year. The National Association of Realtors says existing home sales rose 0.6% in January from the previous month to a seasonal ....

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