Minnsights Blog

Accidents happen, and the resulting damage, medical costs, and other costs could exceed your business’ insurance limits. Consider this scenario: one of your employees is driving to a job site, and they hit a car with multiple occupants who all get seriously injured. Your company could be held liable for the occupants’ medical costs, loss of wages, and additional costs – all of which could add up to a potentially devastating expense.

The Grow Minnesota! program was founded in 2003 on a simple premise: chambers of commerce and economic development organizations can advance Minnesota’s economy by proactively connecting businesses to resources to grow and expand in the state. This has remained Grow Minnesota!’s core mission for nearly twenty years.

The Minnesota Chamber of Commerce’s Women in Business series continued with an event focused on the impact of the potential marijuana legislation currently being talked about at the Capitol, which culminated in a panel with experts covering a wide breadth of issues, including legal ramifications, worker’s comp, and a medical perspective.

A proposal that would impact every employer is a 24-week paid leave proposal that would raise taxes on employers by $1 billion. The proposal, HF2 / SF2, passed another committee stop last week and could be voted on in the House or Senate soon. To fund the new paid leave mandate, the state would impose a 0.7% payroll tax on every employer in Minnesota, regardless of size or number of employees. Additionally, hiring replacement workers would be extraordinarily challenging given the state’s current tight labor market and workforce shortage. Click here for more facts about the bill. 

The Quarterly Economic Snapshot is an overview of key indicators measuring Minnesota’s current economic performance. Analysis is provided in partnership with Grow Minnesota! and the Minnesota Chamber Foundation.