Category: Economy & Economic Development

Politico: Rural areas brace for hard economic hit

EXCERPT: “Rural communities are bracing for a looming recession caused by the coronavirus pandemic, expecting that it could devastate already shaky economies. As the virus shuts down schools, factories, restaurants and other businesses, rural towns contend with a smaller tax base, less access to high-speed internet and growing strain among lenders. Both farming and manufacturing ...
Main Street in a small town

Relief for employers and employees

By Marnie Werner & Kelly Asche While it’s a relief to see something of a time frame on this epidemic, for many businesses, like restaurants and bars, salons, and their employees, end dates weeks out only indicate how much longer they need to be closed. It’s a tough blow, especially in rural areas where it ...
canoes on a lake with trees

Why we’re watching the impact on the recreation industry up north

By Kelly Asche Last week, Governor Walz made the difficult but necessary decision to order all bars and restaurants across the state closed in order to slow the spread of COVID-19 even though it hasn’t reached all counties yet. But even though COVID-19 isn’t in your county yet, that doesn’t mean we shouldn’t be taking ...

Minnesota Department of Employment and Economic Development: 13 Companies Receive Launch Minnesota Innovation Grants

EXCERPT: “The Minnesota Department of Employment and Economic Development (DEED) has awarded $344,000 in Launch Minnesota Innovation Grants to 13 high technology startups. In round two of grant funding, Launch Minnesota awarded 13 business operations grants and two housing/childcare grants. Of the 13 business awardees, 73% are women, veteran or minority-owned or are headquartered in ...

MNDOT: New study shows Minnesota’s public airports generate $18.2 billion in annual economic activity

EXCERPT: “Minnesota’s public airport system generates $18.2 billion in annual economic activity statewide, according to a new study the Minnesota Department of Transportation released today that details the economic impact of the state’s 133 public airports. The Minnesota Statewide Airport Economic Impact Study documents the broad economic impacts of the statewide system, and provides detailed ...
rural millennials

NYT: Hey, College Graduates: Don’t Dismiss Rural America

And in related news, this from The New York Times… EXCERPT: “When I talk to undergraduate students about their postgraduate plans … the answer inevitably reveals a common assumption: Big cities are where highly educated people must go to succeed economically and socially….But these preconceptions are not only incorrect, they are also unduly limiting the ...
Changing the narrative on careers

Finding work or finding workers? Part 4

Changing the story on careers in rural Minnesota For decades, the narrative speaking to rural high school students has been that to succeed, they must leave. But what if we could do something about that? August 2019 By Kelly Asche, Research Associate For a printable version, click here. As the demand for workers increases in ...

Associated Press: Latest Bankers Survey Indicates Shrinking Rural Economy

EXCERPT: “The latest monthly survey of bankers in parts of 10 Plains and Western states indicates a shrinking rural economy, and three-quarters of bankers said President Donald Trump’s trade policies are having a negative effect on their local economies. The Rural Mainstreet survey released Thursday shows the its overall index falling from an already anemic ...