Twin Cities Daily Planet (https://www.tcdailyplanet.net/author/lee-egerstrom/page/6/)
The Mayo Clinic and city of Rochester’s “Destination Medical Center” proposal now before the Minnesota Legislature appears to be the third giant Minnesota economic development investment of the past century that has the potential to change the state’s economic future.
No one fully knows how important the Mayo Clinic is to Minnesota’s health, economy, or future. But while we try to rationalize public investment in Mayo, risks associated with it, and potential for growth, there have been few moments in Minnesota history when the possible upside was as great as now.
Two business ventures show that with a little creative thinking Minnesota’s aging population presents economic opportunity and a chance to provide critical public services. The Recipe restaurant in southwest Minnesota’s Westbrook isn’t your typical small town cafe. It also relied on a new kind of start up funding to open shop. While a more conventional business, Tidy Tightwads cleaning in Hutchinson is also taking advantage of some unique business opportunities.
The reshuffling of America’s jobs, factories and corporate headquarters is back in the news, and Minnesota is caught up in the fray whether it wants to be or not. Continue Reading
We’ll get to the tax avoidance part in a bit, but indulge us for a quick set up.
Angie Horkey’s The Recipe opened in Westbrook on Jan. 14, and there will be as many rural economic development specialists eyeballing the restaurant as there are customers checking out the menu. Continue Reading
As we clear the table from one holiday feast and prepare for New Year’s celebrations, let’s offer another salute to the successful working relationship between Minnesota scientists and local entrepreneurs.
Dolling out tax giveaways sometimes unfairly boosts one company within an industry over the competition. Right now, Iowa, in an effort to keep jobs from going to Illinois, is subsidizing fertilizer producers. While boxing out its eastern neighbors, Iowa’s support also puts several Minnesota companies at a competitive disadvantage. The news isn’t all bad for Minnesota, especially the state’s farmers.
In 1985 when General Motors began looking for a site to manufacture Saturn automobiles, Minnesota joined more than 30 other states in an effort to shower tax subsidies on Detroit to win the plant.
With minority communities accounting for more than half of Minnesota’s population growth over the last decade, the state’s economic future rests in Building Cross-cultural Commerce