Category: Economy & Economic Development

Enterprise Minnesota: Profits Boom but Workforce Crisis Looms

EXCERPT: “According to the tenth annual State of Manufacturing®, a comprehensive survey project sponsored by Enterprise Minnesota and its partners, manufacturers have almost a surreally high level of optimism with expectations of record revenues, record profitability, record-level of investment in their companies, and increased wages. Sixty-four percent anticipate economic expansion – a record high in the survey’s ...

On getting to the heart of the rural housing shortage, pt 2

  Market forces in small rural communities almost guarantee that it will cost more to build a new starter home there than young families can afford, says the Center’s research associate Kelly Asche. Discussing his new report on the housing shortage, Kelly tells how some public-private partnerships are making it happen in places like St. ...

Twin Cities Business: How Mankato Came to Be Minnesota’s Hottest Economic Region

EXCERPT: “Looking for the hottest economic region in Minnesota? Drive about an hour southwest of the Twin Cities and you’ll find it in Greater Mankato. With one of the fastest-growing economies in the state, a revitalized downtown and a growing mix of restaurants, retail, entertainment venues and everything else a big city offers—without the traffic jams—residents, ...

The Workforce Housing Shortage: Getting to the heart of the issue

Providing housing for a community or region’s population is complex and dynamic. A healthy housing market should be able to provide housing for most people and their diverse needs through a combination of natural churn and new construction. In rural areas, however, economic and demographic forces are at work creating a housing shortage that many communities ...