This webinar shares findings from a recent survey of small businesses in Minnesota that explored business owner awareness, attitudes, aspirations, and preparedness for transferring their business when the time comes. This webinar also discusses the importance of business succession and transition planning and highlights what community economic development practitioners can do to support small businesses with guest presenters, Michael Darger.
There are a number of factors feeding into the current labor shortage, and while the problem seemed to accelerate after the COVID-19 pandemic, we have been facing a downward trend in unemployment for over a decade.
This webinar explores the pivotal role of rural pharmacies in providing vital healthcare services, especially in areas affected by hospital closures. Learn why the decline of independently owned rural pharmacies is a pressing concern, affecting medication access and downtown vitality.
This webinar describes work from the University of Minnesota-Extension to support business retention and expansion efforts in rural areas. With over 20 years of experience working with rural communities, MN-Extension has developed several resources that support economic development leaders to create a supportive ecosystem for rural business retention and expansion. Three guest presenters, Michael Darger, Marty Walsh, and Amy Schaefer, discuss the importance of business retention and expansion in rural communities.
As part of the 2023 Regional Economic Conditions Conference hosted by the Federal Reserve Bank of Minneapolis, Dr. Tessa Conroy provides an overview of the Wisconsin labor force.
There are about 50,000 employer businesses owned by people over 55 years old in Minnesota. Or about 50% of the businesses in the state. In this webinar, guest presenter, Michael Darger, describes efforts at the University of Minnesota Extension to work across organizations to raise awareness among business owners and create support for business succession and transition (BST) planning in rural areas.
With rising costs to students and soaring debt levels, many people are questioning the value of pursuing higher education. Nationally, a person with a bachelor’s degree will earn about $560,980 or 37.8% more than a person with a high school degree, even while accounting for lost years of work while obtaining the degree.
This section explains how market analysis data can be used in the various steps of a business recruitment program.
Entrepreneurial activity increased sharply in Wisconsin in 2020 and 2021 during the COVID-19 pandemic. Entrepreneurship is a key part of any healthy economy but ensuring that new business activity leads to significant economic impact by creating high quality jobs can be difficult. Communities can take a lead role in a range of strategies that help entrepreneurs grow and be successful to make the most of this opportunity to improve their economies.
This section outlines ways to use your market analysis to support entrepreneurship in your downtown or business district. Entrepreneurship represents the capacity and willingness of an individual(s) to undertake a venture, with its risks, in an effort to achieve a profit. Entrepreneurship has always been important to downtowns and business districts, serving as a catalyst for business formation and its positive ripple-effect in the local economy.
Organizing business retention and expansion (BRE) activities is a common application of or prelude to market analysis findings. These activities include mobilizing a BRE team, identifying issues, and helping existing businesses expand or, if they are at risk of closing or relocating, stay open and stay downtown.
National Restaurant Association Downtown Restaurants by N. David Milder, DANTH, Inc. March 2022 — Restaurants and culinary experiences can be extremely valuable additions to a downtown area. They serve downtown workers and residents as well as attract visitors to the center of the community. They serve both an economic and social role in the community, […]
