31 May Employment Law Update: Paid Family and Medical Leave & Sick/Safe Time Set to be Signed into Law

Blog written by Blethen Berens, a Greater Mankato Growth Bronze Investor.Important changes impacting Minnesota employers have passed the MN House and MN Senate and are set to be signed by Governor Walz. A brief overview of what you need to know:Paid Family and Medical LeaveThe final version of Paid Family and Medical Leave legislation has been passed by the Minnesota House of Representatives and the Minnesota Senate, and Governor Walz has indicated he is ready to sign the bill. The final bill provides annual maximum paid benefits of up to 20 weeks in a year for bonding, family care, medical care related to pregnancy, serious health conditions, qualifying exigencies, or safety leave. Benefits will be available to employees beginning January 1, 2026. The program will be funded with a payroll tax of 0.7%, at least one-half of which will be paid by the employer. The bill also contains definitions of family members, eligible conditions/uses, and how employers can opt out by offering at least an equally generous benefit.

18 May Renovating or Building a New Space for Your Business

Blog written by Web Construction, a Greater Mankato Growth member.Renovating or Building a New Space for Your BusinessRenovating or building a new space for your business can be an exciting endeavor, but it's important to approach it with careful consideration and planning. In this blog, we'll walk you through some of the key factors to consider before embarking on a renovation or new build project for your business.

18 May Sell-Side Readiness: How to Prepare for a Successful Business Transition

Blog written by Eide Bailly, a Greater Mankato Growth Bronze Investor.Sell-Side Readiness: How to Prepare for a Successful Business TransitionMost owners are not adequately prepared nor positioned to sell their business when the time comes. Instead, they are heavily focused on daily operations, customer or employee issues, growth, and an endless list of other responsibilities.Even if transitioning seems like a far-off event, early and incremental preparation will be extremely beneficial to the long-term success of your organization. In fact, we encourage you to start planning for transition at least two years in advance of your exit.