Greater Mankato Growth Nonprofit Engagement Fund

Greater Mankato Growth has partnered with Mayo Clinic Health System to offer Greater Mankato Growth’s Nonprofit Engagement Fund for memberships, programs, and events. This partnership was established to ensure nonprofit organizations and their staff can take advantage of the many benefits offered through Greater Mankato Growth. The partnership recognizes that nonprofit organizations throughout Greater Mankato are a steady source of economic growth for our region as well as a key partner in providing vital services, employing residents, and improving the quality of life.

“Nonprofit organizations provide vital services that impact the health and wellness of our employees, patients and community members. We are excited to be the sponsor for Greater Mankato Growth’s nonprofit scholarship fund which will enable leaders from this sector to participate in various GMG opportunities,” Dr. James Hebl, Regional Vice President, Mayo Clinic Health System, Southwest Minnesota

Nonprofit Membership Rate:

Nonprofits are now eligible to pay the Basic Level pricing at $330 and receive the benefits of the Engaged Level (typical pricing at $770). To be considered, nonprofit organizations must meet one of the following criteria:

• Have an annual budget or gross revenue of $400,000 or less;

• Be able to prove financial hardship with detrimental impact to the local community. This information must be included in the application narrative.



Engagement Funds for Events and Programming:

Through the Greater Mankato Growth Engagement Fund, Greater Mankato Growth (GMG) will offer
partial funding toward Greater Mankato Growth events and programming, which includes but is not limited to:


• Professional Development;
• GMG Talent Programs (including but not limited to Leadership Institute, Young Professionals,
Navigators, and Executive Sounding Board);
• Volunteer Groups, such as Ambassadors and Cavaliers;
• Events (including Business After Hours, Business Awards & Hall of Fame, Annual Meeting, and
other connecting events).

TO APPLY FOR THE NONPROFIT RATE OR ENGAGEMENT FUNDS PLEASE EMAIL A ONE PARAGRAPH
REQUEST TO INFO@GREATERMANKATO.COM or learn more details here:

New Business Focus, First National Bank Minnesota Featuring Mike Bresnahan and Eric Peters

First National Bank Minnesota is a full-service financial institution headquartered in St. Peter, Minnesota, with banking offices in Mankato, St. Peter, Gaylord, and Belle Plaine. Our primary geographic market covers a large area in south central Minnesota, including Nicollet, Blue Earth, LeSueur, Scott, Carver, and Sibley counties.

Continue reading “New Business Focus, First National Bank Minnesota Featuring Mike Bresnahan and Eric Peters”

The Next Big Tax Thing: Qualified Opportunity Zone Funds

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.

Continue reading “The Next Big Tax Thing: Qualified Opportunity Zone Funds”

Launch of 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

 

Wealth Generation in Greater Mankato

From 2010-2014, the Mankato-North Mankato MSA has the highest growth rate of Per Capita Personal Income among all Minnesota-based MSAs. This growth rate can represent a generation of wealth among the businesses and households within the marketplace.

Continue reading “Wealth Generation in Greater Mankato”

Beyond the Bucket List – My State of the Union Experience

SOTU TicketWhere to start? Being invited as a Special Guest to the State of the Union by one’s sitting Congressman … my goodness.

I’m not certain I have a “bucket list.” If I have something on “my list” then I try to get after it as soon as possible. But even if I did have a list of those “once in a lifetime” or “beyond everyday reach” types of items … Continue reading “Beyond the Bucket List – My State of the Union Experience”