News

State of Rural 2025 – Presenting the highlights

Each year, the Center for Rural Policy and Development provides an update on various economic and demographic data pertaining to rural Minnesota. As policy discussions concerning the various regions of the state unfold, it is important to understand the past, present, and potential futures of rural regions. This report provides historical data points illustrating how ...

The State of Rural highlight – Earnings continue to grow

January 2025 By: Kelly Asche, Senior Research Every year, the Center for Rural Policy and Development publishes the “State of Rural,” a report that tracks various economic and demographic trends in rural Minnesota. The following is a highlight from that report, which will be published the week of January 13th, 2025. It’s common knowledge that ...

With succession planning, earlier is better

By Sarah Harstad, Ph.D., Researcher Why should business owners start planning so early? The Center for Rural Policy and Development’s recent report on business ownership succession showed that 81% of business owners are not prepared for succession or exit when the opportunity comes up or when they decide to go through with it. On the ...

Season 5, Episode 5: Business Succession with Sarah Harstad

In December, researcher Sarah Harstad Ph.D, released a report titled “Rural Minnesota Business Succession and Sale: Barriers and Opportunities“. On this episode, Director Research, Marnie Werner, dives deep into the research with Sarah discussing her findings.

Passing the torch: Business succession planning in rural Minnesota

On December 11, 2024, researcher Sarah Harstad Ph.D, presented her research exploring some of the unique barriers and opportunities for business succession planning in rural Minnesota. Her presentation was followed by a panel discussion with experts in the field; Jon Keimig, Executive Director, University of St. Thomas Family Business Center Michael Darger, Extension Specialist, University ...

Rural Minnesota Business Succession and Sale: Barriers and Opportunities

  December 2024 By Sarah Harstad, Ph.D. Click here for a pdf version of this report. The future is here Minnesota is facing a threat to the economic and social life of rural areas. According to data from the U.S. Census, 53% of Minnesota business owners are over age 55.[1] The state boasts over 525,000 ...

Nursing home license type and facility closure

November 2024 By: Kelly Asche, Senior Researcher After the release of our report exploring the declines in nursing facility beds, we received a question wondering if there was any relationship between facilities that closed and the type of license (nonprofit vs. for-profit) they were under. So let’s explore that question. Between 2005 and 2024, there ...

Interconnected: The Future of Nursing Homes & Elder Care Across Minnesota

Download the slide show presentation here. Nearly 17% of Minnesota residents are now over age 65, a significant increase since the year 2000. Further, as older members of the Baby Boomer generation age into their late 70s, the demand for skilled nursing beds will likely increase – yet Minnesota has lost 33% of its skilled ...