Greater Mankato Growth Blog

Taxing Times

taxing-timesIf you haven’t had a chance to pick up the February edition of Minnesota Valley Business yet, be sure to check out this month’s featured article “Taxing times.” It features David Richards of Jones Metal (a member of Greater Mankato Growth’s Public Affairs Steering Committee) and Patrick Baker, GMG’s Director of Government & Institutional Affairs talking about a topic that is top of mind for many during this tax season – the state’s business tax climate.

Read the full article online here.

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

Top 10 Reasons to Attend Greater Mankato at the Capitol

GM at the Capitol 2013 logo

Greater Mankato at the Capitol is the largest citizen advocacy event from our region. NEW in 2017, we are partnering with the Minnesota and Rochester Chambers of Commerce to hold a joint event on Wednesday, March 8 that will be bigger, better and will have more impact than ever.

Register now to attend this important event! Sponsorship opportunities are also still available, you can learn more here.

Here are the Top 10 Reasons why YOU should attend Greater Mankato at the Capitol: Read More

Small Business Health Insurance Provisions Included in Legislation

 

FromTheDomeLast week Governor Dayton signed into law SF 1, bipartisan legislation providing a premium relief to those buying health insurance in the individual health insurance market in 2017. While providing relief to the individual market was certainly the focus of the legislation, the bill also included important Minnesota Chamber-backed provisions for small employers which are outlined below. Read More

Are You Too Busy for Business?

are-youEver heard the saying, “If you need something done, give it to a busy person.”?

While that may work for errands, many business owners are finding they’re too busy for business anymore. Small business has changed a lot over the past decade and the demands on a business owner’s time have multiplied like rabbits. 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.

Read More

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.
Read More

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?

Why You Need to Grow Your Personal Brand and It’s Not to Land a New Job

Business owners rarely see a reason to build on things like their LinkedIn profiles. “I’m not looking for a job.”, is a common response when asked why they don’t have one. But in today’s uber-competitive business climate, where even mom and pops are potentially competing on a global level, it’s more important than ever to be able to differentiate your business, and yourself, from the competition. This is done through personal branding. Read More

Help Shape Our 2017 Policy Priorities

FromTheDomeThe Legislature will gavel into session on January 3, 2017. With a budget surplus of $1.4 billion and several key policy issues like taxes and transportation unresolved following the 2016 session, next year’s legislative session promises to be very important to our community and businesses. I’m looking for your input to help shape our organization’s policy priorities for 2017. Read More