It was supposed to lead to “the end of the world.” (Yes, Nancy Pelosi predicted “Armageddon
.”) But on the 6th
month anniversary of President Trump signing the Tax Cuts and Jobs Act
And don’t forget about all of the crumbs
Priority Courier Experts
(St. Paul, Minnesota) – tax reform bonuses were given on Jan. 2, 2018 to employees; further, employees will receive another $500 bonus in 2018 on the anniversary of their hire date.
Otter Tail Power Co.
(Fergus Falls, Minnesota) – the utility will pass along tax reform savings to customers.
Koch Companies Inc.
(Minneapolis, Minnesota) – increased driver wages; increased sign on bonuses.
(Minneapolis, Minnesota) – $1,000 bonuses for 60,000 employees; base wage hike to $15 per hour; $150 million charitable contribution.
Northern States Power
(Minneapolis, Minnesota) – The utility will pass along tax cut savings to customers.
(Minneapolis, Minnesota) -- $500 bonuses for all 1,650+ employees
(Richfield, Minnesota) -- $1,000 bonuses for full-time employees; $500 bonuses for part-time employees. Over 100,000 employees nationwide will receive bonuses.
Hormel Foods Corp.
(Austin, Minnesota) – Stock options for employees; increased base wage to $13 per hour.
TCF Financial Corporation
(Wayzata, Minnesota) -- $1,000 bonuses for full time employees; $500 bonuses for part time employees (exact number receiving bonus unknown at this time).
(Burnsville, Minnesota) -- DTN an independent provider of information and actionable insights in the areas of agriculture, transportation and energy, and publisher of The Progressive Farmer, gave $1,000 bonuses to nearly 700 employees.
(St. Paul, Minnesota) – $25 million in charitable donations
– 16 stores in Minnesota – tax reform bonuses, retirement plan contributions, parental leave, enhanced vacation benefits, and charitable donations.
(There are five Apple stores in Minnesota: Bloomington, Edina, Minneapolis, Minnetonka, Roseville) -- $2,500 employee bonuses in the form of restricted stock units; nationally, $30 billion in additional capital expenditures over five years; 20,000 new employees will be hired; increased support of coding education and science, technology, engineering, arts, and math; increased support for U.S. manufacturing.
-- 1,592 Minnesota employees received $1,000 bonuses; nationally, $1 billion increase in capital expenditures.
Chipotle Mexican Grill
(Multiple locations in Minnesota) – Bonuses ranging from $250 to $1,000; increased employee benefits; nationally, $50 million investment in existing restaurants.
(Multiple locations in Minnesota) -- $1,000 bonuses for employees of at least a year, $500 bonuses for employees of less than a year.
(Multiple locations in Minnesota) -- Base wage raised to $11 per hour, and other pay ranges adjusted accordingly; company will absorb increases costs of health insurance premiums; creation of new parental leave program.
(Multiple locations in Minnesota) -- $1,000 bonuses; nationally, at least $50 billion investment in infrastructure in next five years.
Starbucks Coffee Company
(Multiple locations in Minnesota) – $500 stock grants for all Starbucks retail employees, $2,000 stock grants for store managers, and varying plant and support center employee stock grants, totaling more than $100 million in stock grants nationwide; 8,000 new retail jobs and 500 new manufacturing jobs; an additional wage increase this year, totaling approximately $120 million in wage increases, increased sick time benefits and parental leave.
(Multiple locations in Minnesota) – $1,200 bonuses for full-time employees, $500 bonuses for part-time employees.
– 69 locations in Minnesota
; Base wage increase for all hourly employees to $11; bonuses of up to $1,000; expanded maternity and parental leave; $5,000 for adoption expenses.
– 157 bank locations in Minnesota
-- Base wage raised from $13.50 to $15.00 per hour; nationally, $400 million in charitable donations for 2018; $100 million increased capital investment over next three years.
(Multiple locations in Minnesota) -- Nationally, $1,000 in extra 401(k) contributions for 58,000 employees.