Greater Mankato Growth Blog

GMG Member Benefit: Certificate of Origin Certification

free_tradeDoing business overseas that requires a Certificate of Origin stamp? As a member business of Greater Mankato Growth, that service is included in your membership. A Certificate of Origin is an important international trade document that certifies goods in a particular export shipment are wholly obtained, produced, manufactured or processed in a particular country. GMG will certify your paperwork at no cost ($100 value per certificate). Non-GMG members pay a premium of $10 per stamp. Contact our Director of Member Relations & Office Operations, Karen Toft. Read More

Greater Mankato Growth Inc. recently announced a new web platform, Kato X, for talent recruitment and tourism. The image above shows the draft prototype of the platform.

The virtual reality software highlights area amenities and shows potential residents or visitors unique attractions our region has to offer…in a really cool way.

Here are the Top 10 reasons why you should check out Kato X:

10.  Show “Cousin Paul in Missoula” how versatile and vibrant the community is in Mankato, MN. He’s been talking up Missoula over Thanksgiving…now you can make the case for your (home) town.

9.  Not familiar with Greater Mankato? Check out the list of Tour Stops: from the Children’s Museum of Southern Minnesota to the CityArt Sculpture Walk, from our rivers, lakes and trails to the Verizon Center…all making Greater Mankato a wonderful place to live, work and play.

8.  Check out the list of recent awards and accolades bestowed up Greater Mankato…everything from fantastic wineries to amazing parks.

7.  Listen to testimonials from families who chose to move to Greater Mankato. What do they like about the area that made them decide to call our community home.

6.  Okay, I know I want to live here, but…where? Get a comprehensive list of housing resources for your big move.

5.  I’ve been hired by a company in Greater Mankato but I don’t know where to get daycare or set up utilities.  We’ve got you covered with information on common relocation questions.

4.  Where are my kids going to go to school? Get connected to public and private school options.

3. What are my healthcare options in Greater Mankato? Find all the top tier healthcare providers in the area.

2. Find the “hidden Easter eggs.” Each tour stop has multiple “activation icons” where you can click to learn more about Greater Mankato.

1. Seeing is believing! Check out the enhanced 360° videos and photos, or the assortment of aerial imagery that brings Greater Mankato to life — right on your computer or mobile device.

Kato X is going to be big… four to five million sets-of-eyes-big. If your business is interested in subscribing to Kato X to assist in the recruitment of talent or for driving customer traffic, visit greatermankato.com/talent.

 

First Quarter Greater Mankato Economic Barometer

Four times a year Greater Mankato Growth distributes a survey to area businesses regarding multiple metrics in order to gather how the economy performed during previous quarter and what businesses project for the upcoming quarter.  Additionally, a unique inquiry is posed in each quarter to gain topical insight to the local economy.

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Greater Mankato Growth staff in cooperation with City Center Partnership staff and volunteers recently completed a Marketplace Analysis for the downtown (City Center) of Mankato and North Mankato.

The document has a broad audience.  On the inside cover, there is a list of resources for businesses (an entrepreneur or a new start up).  The Greater Mankato area has a strong history of entrepreneurial success and that environment needs to be continually supported.

Additionally, there is many statistics showing the activity and traffic within the City Center for local realtors or developers to recruit new businesses to the area.  Finally, there are examples of past successful projects and marketplace behaviors for business owners who are not familiar with the market and are looking to relocate or expand.

The City Center Marketplace Analysis is available here.  The document is also being distributed in hard copy format to area businesses in the Business Walk.

Yesterday, volunteers from the City Center Partnership’s Business Development Committee helped launch a “best practice” for Business Retention and Expansion from the International Economic Development Council.  The Business Walk is pretty much what it sounds like.  Trained volunteers visit with business owners about their business, learn about their products and services, and compile any ideas or concerns.  Greater Mankato Growth staff will follow up and connect the business owner to the appropriate resource.

Most importantly, the visit is a “Thank You” to the business owner for their investment into the community.  Each business was provided a Marketplace Analysis of the City Center that includes a list of resources for business owners.

Over the coming year, Business Walks will be scheduled for different neighborhoods of the City Center.  Neighborhoods will receive a letter which shares when the volunteers will be in their neck of the woods.

If you’re interested in visit from Greater Mankato Growth staff to talk about resources or information, please email jconsidine@greatermankato.com

 

Why NOT to Build a Wall – The Economic Necessity of Immigration Reform

Forum-Series-Logo_SMJoin Greater Mankato Growth and your fellow colleagues for our May Public Affairs Forum Luncheon The Economic Necessity of Immigration Reform.

 

 

Wednesday, May 3
11:30 am – 1 pm
Minnesota State University, Centennial Student Union, Room 245

Register here

Hit read more for additional information. Read More

Fourth Quarter Greater Mankato Economic Barometer

barometric_surveyFour times a year Greater Mankato Growth distributes a survey to area businesses regarding multiple metrics in order to gather how the economy performed during previous quarter and what businesses project for the upcoming quarter.  Additionally, a unique inquiry is posed in each quarter to gain topical insight to the local economy.

The fourth quarter, October – December, was strong for the Greater Mankato economy. The strong end of year was forecasted in the previous survey as well, as business projected that nearly all metrics would be up versus the same time last year. Read More

The country is facing a labor shortage as the Baby Boomer population retires and the Mankato-North Mankato Metropolitan Statistical Area (Blue Earth and Nicollet Counties) is no different. To provide insight on strategies to address this shortage, Greater Mankato Growth conducted a national comparison of Metropolitan Statistical Areas (MSA) and analyzed workforce engagement. The unique labor force characteristics of our MSA can show areas for improvement and opportunity for enhanced engagement with our diverse populations.

The Mankato-North Mankato Metropolitan Statistical Area (Blue Earth and Nicollet Counties) have very unique attributes in our workforce.  According to the U.S. Census Bureau, we rank 364 out of 381 MSAs in the country in terms of percent of workers 16-64 year who worked full-time, year round.

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Workforce Shortage

talenttaskforce_smallcling_transp

Our economy is facing a critical workforce shortage.

Over the next five years, employers – already struggling to fill open positions – will see this challenge accelerate due to the confluence of an aging workforce, a diminishing worker pool and the need to fuel an anticipated 20 percent growth in new employment due to economic growth.
Greater Mankato Growth convened a talent task force which is charged with initiating a collective community response, stemming from a framework of strategic priorities. The Talent Task Force will share this framework at the summit as the guiding document.
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Higher Wages Will Not Solve This Problem

Job market headline under magnifying glassMaybe you’ve seen the signs on doors, billboards and even television ads – Help Wanted! All types of businesses – retail, manufacturing, services – are bemoaning the shortage of applicants.

Last October, this Star Tribune article suggested that if Mankato businesses would pay higher wages, it would solve the worker shortage problem.

However, this belies what state demographers have been warning for years – our labor pool is shrinking because of Baby Boomer retirements, the migration rate isn’t high enough to offset aging, the birth-death ratios and finally the working age demographic isn’t big enough to fill the vacancies. This MinnPost story gets to the heart of the problem and to potential solutions including businesses employing more technology. However, in the long run when the working age demographic does rebound at about 2030 and we have a labor pool big enough, the next predicament we face is…will there be enough jobs available?