Greater Mankato Growth Blog

 

The following guest blog post was provided by Bob Rothenbuehler.

Bob brings over 25 years of purchasing, sales and operational experience to the table.  In addition, he has 20 years of involvement with various financial services functions. Bob identifies a variety of potential savings opportunities for prospects as well as long-term clients, and then assists them with the implementation for improved profitability and cash flow.

If you had a tax refund coming, would you tell the IRS to keep it for 39 years? Effectively, for many commercial building owners, that’s exactly what they’re doing. In fact, Growth Management Group, LLC savings research has shown that 9 out of 10 of their customers are missing opportunities and overpaying on their income tax.

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Department of Labor Proposes New Overtime Rule

DOL SealThe Department of Labor announced on Thursday a proposed rule that would make 1.1 million American workers newly eligible to receive overtime pay beginning in 2020. The following guest blog courtesy of Blethen | Berens provides a helpful overview of this proposal and how it will impact businesses.

Should you wish to discuss this issue further, please be sure to contact one of our fantastic member businesses in law or accounting with employment expertise. Read More

House Transportation Committee to Hold Hearing in Mankato

minnesota_state_capitol_3-300x225The Minnesota House Transportation Finance and Policy Committee will hold a field hearing in Mankato this coming Friday, March 8. The Committee will hear testimony on HF 538 – a bill that would provide funding to complete the expansion of Highway 14 to four lanes between Nicollet and New Ulm. This a great opportunity for residents and businesses of Southern Minnesota to make their voice heard. Below are additional details on the hearing and how to sign up to testify. Read More

As the buzz surrounding the Tax Cuts and Jobs Act (TCJA) begins to fade, one aspect of tax reform is just hitting its stride: Qualified Opportunity Zone Funds (QOZFs). By now, you’ve probably heard a little bit about these newly available investment vehicles and the tax perks that accompany them. But for many, the full benefit of QOZFs remains a mystery.

To help you better understand how QOZFs could benefit you, here are a few things to know provided by guest blog, Jacob Ouradnik of Abdo, Eick & Meyers, LLP.

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In 2008, the Southern Minnesota Competitiveness Project “aimed to improve the competitiveness and bolster the economic well-being of the region.”

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Last December, two former education leaders in Minnesota wrote an op-ed in the Star-Tribune calling for the state to “re-energize” efforts in innovation because the Bold North is failing to deliver “the talented workforce and innovation that are key to economic vitality and quality of life.” So I was curious. Where did we in Greater Mankato fit in?

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The Center for Innovation and Entrepreneurship (424 North Riverfront Drive) is hosting a free event on Feb. 13 from 6-7:30 pm for entrepreneurs who want to see their business consistently run better and grow faster.

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On Tuesday, Feb. 19, the Minnesota Department of Labor and Industry is hosting a session on registered apprenticeships and the benefits of growing and sustaining an innovative workforce.

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Workplace Mandate Bills Under Consideration at Legislature

FromTheDomeThe Minnesota Legislature is considering a series of bills that would mandate that employers provide certain benefits to their employees. These proposals include state-mandated paid time off policies, paid family and medical leave, minimum wage, and predictive scheduling. The Legislature will begin hearings on these bills this week. Businesses are encouraged to weigh in with our legislators with their thoughts on these issues. Additional details on the proposals under consideration and how to contact your legislators follows. Read More

The Minnesota Department of Employment and Economic Development released the December 2018 employment figures today. The Mankato – North Mankato Metropolitan Statistical Area (MSA) saw a gain of 2,379 jobs or 4% year-over-year in the month of December, which led all metropolitan areas in the state. Mankato-North Mankato has lead the state in job growth every month of 2018. 

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Middle school physics tied to a prepared future workforce

With C-suite execs worried about their future workforce, one argument is we need to start preparing our children early and “rewire” the students’ brains for complex, analytical thinking. Critical thinking is the baseline for any career choice, especially in such a rapidly changing economic environment.

This and more in the article “The War For Talent.”

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A fresh perspective and constructive criticism are strong tools for growth. Incorporating young minds with thriving companies is a recipe for success. The GreenSeam staff and action teams were fortunate enough to witness this success through GreenSeam’s partnership with Lime Valley Advertising and the Computers in Society (IT202W) course at Minnesota State University, Mankato.

The course focuses on the complex social and ethical issues associated with computers and other technology within today’s society. The class consists of 50 students. For their final, students were divided into ten groups and challenged with finding ways to improve GreenSeam’s business directory. On Tuesday, Dec. 4, they assisted in judging the student’s final presentations. With the help of GreenSeam, Lime Valley Advertising and the student’s research and findings, the students created presentations that were engaging, knowledgeable and informative. The common theme for ideas was to create a directory that showcases the businesses in a more interactive way, utilizing the map and images.

GreenSeam is currently reviewing each idea in more detail. Stay tuned and watch greenseam.org/business-directory for improvements.

GreenSeam is a business unit of Greater Mankato Growth, Inc.