Tag: economic development

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 ...

Closing the wage gap

Is it realistic for rural areas to close the wage gap? Probably not. By: Kelly Asche, Senior Researcher Most of rural Minnesota is discussing ways to grow the labor force. Increasing the affordable housing stock and childcare capacity are two primary strategies being discussed at the legislature. One of the underlying issues that makes these ...

Season 4, Episode 3: Launching Your Future Today (LYFT) Initiative

Our most recent research highlighted the importance career and technical education played in the Southwest’s region’s labor force. On this episode, Kelly Asche (Senior Researcher) chats with Eriann Faris, the Career and Technical Education Program Coordinator for Southwest West Central Services Cooperative and leads the Launching Your Future Today (LYFT) initiative. Eriann explains how LYFT ...

What’s happening in Greater Minnesota – Part 1, Changes in the labor force

On February 7th, Sourcewell hosted the Center for Rural Policy and Development to broadcast a presentation and discussion highlighting the Center’s most recent research. In part 1, Senior Researcher Kelly Asche presents data highlighting the low unemployment rates and the decline in people participating in the labor force which is leading to all-time high job ...

The Journey to meaningful workforce participation among graduates in Southwest Minnesota

The data show that the choices students make in high school and that paths they take after high school can predictably guide them to specific states of meaningful workforce participation later on. November 2023 By Kelly Asche, Senior Researcher | Marnie Werner, VP of Research & Operations For a print version of this report, click ...
chart of stock prices

Inflation does vary between rural and urban Minnesota

By Marnie Werner Vice President of Research Click for a printable version of this report. According to a Star Tribune article in January 2022, “For the broader Midwest, inflation was 7.5% in December, far above the 5.9% rate in the more heavily populated northeastern states.” Inflation wasn’t even consistent around the state: “Rochester; St. Cloud; ...