Greater Mankato Growth Blog

Minnesota Tax Reform: What You Need to Know

2018_Forum SeriesThis year the Minnesota Legislature passed and Governor Walz signed into law a significant rewrite of Minnesota’s tax code to bring the state into conformity with the federal Tax Cuts and Jobs Act of 2017. This new law will have significant impacts on both individuals and businesses going forward for the 2019 tax filing season, as well as retroactively as the law may require amendments to 2018 tax returns. To ensure that our members have all the information they need on what this new law will mean for them, Greater Mankato Growth is partnering with Abdo, Eick & Meyers; CliftonLarsonAllen; and Eide Bailly to host a free forum on Minnesota Tax Reform on December 10. Our panel of tax experts will review the federal and new state tax laws and how it will impact businesses as well as discuss what you need to know about retroactive tax filings for 2018. You can register and get more information here: https://gmg.greatermankato.com/events/Minnesota-Tax-Reform-What-You-Need-to-Know-1117/details

A Thanks-GIVING Workout

The following is a guest blog post submitted by Greater Mankato Growth member, Profile by Sanford. The blog post is about giving back to the community this Thanksgiving.

Are you part of a Greater Mankato member business and have an interest in writing a guest blog for us? Send 500-800 words to media@greatermankato.com or reach out to Greater Mankato Growth with further questions.

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Get Organized for Year-End Tax Reviews

The following is a guest blog post submitted by Eide Bailly LLP. The topic covered in the post is how to prepare for year-end tax reviews, great for business owners and individuals alike.

Are you part of a Greater Mankato member business and have an interest in writing a guest blog for us? Send 500-800 words to media@greatermankato.com or reach out to Greater Mankato Growth with further questions.

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What You Should Know About Employing Student Workers

The following is a guest blog post submitted by South Central Service Cooperative.

Are you part of a Greater Mankato member business and have an interest in writing a guest blog for us? Send 500-800 words to media@greatermankato.com or reach out to Greater Mankato Growth with further questions.

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Greater Mankato Growth, Inc. Board Applications Now Open for 2020-2023

Greater Mankato Growth, Inc.; Visit Mankato, LLC; City Center Partnership, LLC; and GreenSeam, LLC are seeking applications for 2020-2023 terms on all four boards.
Click here for board position descriptions and expectations and for applications. The application deadline is Dec. 20 at 5 pm.

MN Leading Upper Midwest Population Growth

The largest economic growth hurdle for the next ten years will be availability of workforce. Historically, Minnesota has had one of the highest labor force participation rates in the country.

To capitalize on this, the size of the population needs to continue to grow.

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Marijuana Legalization Forum

MarijuanaLegalizationThe discussion around marijuana legalization in Minnesota is picking up at the Legislature. In fact, the Legislature has launched a ‘“Be Heard on Cannabis’ Community Conversation” tour that will be coming to Saint Peter the evening of November 20. It will be critical that the voice of employers is heard in this process – particularly around the sort of workplace regulations that would be necessary to include in any legalization scenario to ensure safe and productive workplaces. I’d invite you to participate in this forum to lend your thoughts and expertise to this process. Full event details are below. Read More

Indigenous People’s Day: October 14, 2019

The following is a guest blog post authored by Diane Dobitz and Briana Baker who are members of the Mankato Indigenous Peoples Day Committee. Their post is a continuation of Scot Zellmer’s post “On Being A Successful Business in an Ever Changing World” and speaks to the importance of commemorating Indigenous Peoples Day on October 14th, 2019.

Are you part of a Greater Mankato member business and have an interest in writing a guest blog for us? Send 500-800 words to media@greatermankato.com or reach out to Greater Mankato Growth with further questions.

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A Glance at the Major Ransomware Attacks that hit Healthcare Sector in 2019

The following article was submitted by Sean Dahlman from Greater Mankato Growth member business, Pantheon Computers. It is about cyber security and how it relates specifically to the healthcare sector.
Are you part of a Greater Mankato member business and have an interest in writing a guest blog for us? Send 500-800 words to media@greatermankato.com or reach out to Greater Mankato Growth with further questions.

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GMG Q2 Report

GMG_TM_4C_300dpiOur entire team at Greater Mankato Growth, Inc. works each day to bring value to our members and drive increased vitality to the Greater Mankato region. To ensure that we’re effectively updating our partners and the community on our work, we revamped our annual report. Instead of a once-a-year 40+ page document, we’ve transitioned to a quarterly report in a new, condensed infographic layout. This has allowed us to streamline and considerably reduce staff time as well as printing costs all while making the content easier to digest, more immediate, and more impactful. I invite you to take a look at our Quarter 2 report.

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SBDC Holding Minnesota Wage Theft Law Seminar

wage theft.jpgIn May 2019, the Legislature passed a new Minnesota Wage Theft Law to create additional protections for workers and add criminal penalties for employers. Wage theft occurs when an employer avoids paying or fails to pay wages earned by its employees. GMG published a blog highlighting these new requirements here.

For additional information, you can also attend an overview presentation on Minnesota’s new Wage Theft Law hosted by The Small Business Development Center (SBDC) on October 16. More details on this event are below. Read More

New Overtime Regulations Announced

DOL SealThe following is a guest blog courtesy of Blethen|Berens.

The U.S. Department of Labor (DOL) recently announced a final rule making more American workers eligible for overtime pay under the Fair Labor Standards Act (FLSA). The current salary thresholds were set in 2004. Previously, in 2016, the DOL announced a final rule, significantly increasing the overtime thresholds for the “white collar” exemptions, which was to be effective December 1 of that year. This proposed change was halted by the Courts before it took effect. Then, after a change in White House administration, in July, 2017, the Department of Labor abandoned the proposed final rule from 2016 and started over with a new process of reviewing and proposing changes to the overtime rules. The resulting final rule, which will go into effect on January 1, 2020, provides an increased threshold salary for the white collar exemptions, but the increase is much lower than the previously proposed rule from 2016. Read More