Chamber News C
EVENT RUNDOWN ON THE LOCAL ECONOMY
T hank you to all who joined us at Economic Summit! We greatly appreciate our panelists, the University of Minnesota Extension team, and our featured keynote speaker, Bernard Baumohl, for their insights on the economy. Some takeaways from Economic Summit: • Sales increased year over year in the Business Outlook Survey results. • Bernard predicts the demand for labor will continue to outstrip supply. He said the pace of hiring in 2022 was the second fastest in history. • Bernard also said that even though we had two quarters of no growth that it doesn’t mean a recession. • Small Business & Entrepreneur panelists are projecting a good year. Some barriers they see include inflation, brand awareness, finding and retaining the right employees. • Industry panelists also commented on the challenges with inflation along with supply chain issues. They find that while benefits are a great way to retain employees, culture also plays a huge role. Read the Business Outlook Survey Results: http://bit.ly/41iWQeJ Presentation of the Chamber’s Business Outlook Survey and discussions with industry, small business and entrepreneurs were featured.
EVENT SPONSORS Gold Sponsors:
Bronze Sponsors: Minnesota Energy Resources People’s Energy Cooperative Table Sponsors: Altra Federal Credit Union | Benike Construction Hawkins Ash CPAs | Home Federal Savings Bank ISG | Loam Commercial Real Estate | MBT Bank Minnwest Bank | ONB Bank | Premier Bank Minnesota Rochester Motor Cars | Rochester Public Utilities RSP Architects | SEH | Think Bank | Wells Fargo Bank
Advantage Magazine | 19
March 2023
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