Minnsights Blog

It has been a busy week at the Capitol and a busy week here. This week, I am traveling to western Minnesota to meet up with the Leaders Lab Program. Now in its 10th year, the Leaders Lab program is designed to provide leadership skills to Minnesota business leaders and emerging business leaders. Our time in Willmar has been going well, with visits to the dairy and pork industries and a stop at Minnesota’s Midwest Technology Campus, an exciting hub of emerging technology critical for future growth.

Business succession and transition mark key points in a business’ life and the owner’s life. While representing a new era, business succession and transition (BST) requires significant effort and change from everyone involved. BST planning can help ensure long-term, sustainable success and a smooth exit for the owner.  

We have some exciting news to share. As noted in previous podcasts, the Chamber was engaged in litigation against the state, and we now have a permanent injunction with no appeal in our case. The deadline for the state's appeal, which was set by federal Judge Tostrud, has passed. This marks the conclusion of a two-year journey by the Chamber and our allies to protect the fundamental rights of businesses here in Minnesota.

Canada and Mexico have long been key markets for Minnesota businesses, and their importance to the state's economy has only grown in recent years. Since 2016, Minnesota trade has pivoted away from China and increasingly toward its North American partners, deepening supply chain integration across the continent, particularly in the state's manufacturing and natural resource sectors.