Written by Curtis Dubay, Chief Economist, U.S. Chamber of Commerce. Barring an unforeseeable event, the economy should grow even better in 2025 than it did in 2023 and 2024, which means a growth rate above 3% with the gains being broadly enjoyed. This will contribute to more
Greater Mankato Growth, in collaboration with our Regional Economic Development Alliance (REDA) partners, undertook an initiative to address childcare challenges in the region. The need to address childcare concerns has been brought often in recent years by Greater Mankato Growth’s member businesses, our public partners,
Minnesota politics remains active as ever at the start of the new year. Following the 2024 elections, the Minnesota House was tied at 67-67, and the Senate had a narrow DFL majority at 34-33. Recent events have led to special elections for both bodies. Former
A version of this article first appeared on EideBailly.com. A business valuation is an independent assessment that determines your company’s worth. This is typically based on expected cash flow and transactions of similar companies if they exist. While you may have an idea of your
A federal judge has blocked the implementation of the new beneficial ownership requirements under the Corporate Transparency Act (CTA). The judged held that the new law is likely unconstitutional and issued a preliminary injunction that prohibits the federal government from enforcing the new reporting requirements
Failure to submit new paperwork by the December 31st, 2024 deadline puts small business owners at risk for criminal penalties. The Corporate Transparency Act (CTA) was enacted by Congress on January 1, 2021, as part of the National Defense Authorization Act. The CTA included significant
A version of this article first appeared on blethenberens.com. On Friday, November 15, 2024, the U.S. District Court for the Eastern District of Texas vacated and set aside, on a nationwide basis, the U.S. Department of Labor (DOL)’s final rule increasing the salary threshold for
2024 Election Analysis The results of the 2024 election were clear: voters demand change. The front and center issues—the economy and kitchen table—are not surprising. Voters have been squeezed by higher costs for everything, while businesses have faced the same inflationary pressure, as well as
Small Business Saturday is a prime opportunity for small businesses to promote their brand and take advantage of an eager-to-shop audience. However, with nearly 32 million independent businesses, competition is fierce. Leveraging artificial intelligence (AI) to prepare for Small Business Saturday can provide the shortcut you
The deadline is approaching for business owners in Blue Earth and Nicollet County to apply for physical damage loans from the U.S. Small Business Administration. Loan applications are being accepted through Monday, September 30, 2024. Eligible uses of the loans include repairing or replacing disaster-damaged
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