Minnesota’s aging baby boomer workforce
“Minnesota’s workforce is reaching a crisis point,” according to a new report from the University of Minnesota’s Humphrey School of Public Affairs. With the retiring baby boomer generation, there’s a need to fill the workforce gap. Young people and new immigrants don’t make up a big enough population to fill open jobs. In 2015, people 65 and older made up about 15% of the state’s total population. That may increase to 21% by 2030. The report emphasized the effects of this go beyond the workforce, saying local economies, businesses and banks can be hurt.
An event for small business financing
Financing a small business is no small feat. Starting at 11:30 a.m. today, local organizations are holding a free workshop at the Canal Park Lodge on how to do this non-traditionally. The “Non-Traditional Finance Workshop” will help businesses with start-up financing, participation loans, guaranteed loans and technical assistance. It runs for two hours in the lodge’s North Shore Room, and attendees should RSVP at email@example.com or by calling 1-866-977-3326.
New University of Minnesota president on Duluth community
An interesting bit about the Duluth community from the new University of Minnesota President Joan Gabel: In a recent interview with the News Tribune, she said the communities surrounding the Duluth campus offered a “unique portfolio” of opportunities for students to gain experience. Gabel specifically mentioned industry opportunities, health and research partners and research catalysts like Lake Superior. Undoubtedly, hands-on opportunities are crucial to learning — so go get ‘em, students.
After nine months, Minnesota unemployment rate slightly falls
The state’s unemployment rate fell by one-tenth of a percent last month, bringing the rate to 3.3%. This marks the end of a nine-month span of increasing rates. “Even with a slight drop in the unemployment rate, the lack of available workers in Minnesota continues to pose challenges for employers, Steve Grove, commissioner of Minnesota’s Department of Employment and Economic Development, said in a news release.
Grand Rapids one of nation’s best places to live
The northern Minnesota town was recently picked as one of the nation’s top 50 best to reside in, according to 24/7 Wall St., a USA Today partner. It’s no surprise that Minnesota had five on the list, but how did Grand Rapids make it on there? The tourism industry. “There is a halo effect of tourism, that I believe has had an impact on people moving here, starting businesses here and owning second homes here,” Megan Christianson, executive director or Visit Grand Rapids, shared with The Ranger newsletter.
Kelly Busche is a business and health care industry reporter for the News Tribune. Write to her at firstname.lastname@example.org.