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Minnsights Blog

  • 2023 session outcomes: Budget and spending

    Sep 15, 2023
    At the beginning of session, lawmakers had a nearly $18 billion budget surplus. This historic budget position could have provided relief for job creators and fuel the growth of Minnesota’s economy. Instead, a majority of this sum was promised to spending increases. The general fund budget increased $19.3 billion for 2024/25. That’s an increase of 37% and will put the state in a structural deficit for fiscal years 2026/27.
  • 2023 session outcomes: Taxes

    Sep 15, 2023
    Despite a historic nearly $18 billion budget surplus and Minnesota’s already high-tax environment, this session the legislature increased taxes by nearly $10 billion over the next four years. Although some taxes decreased mostly for lowerincome taxpayers through one-time rebates and refundable tax credits, businesses and taxpayers at all income levels will see permanent cost increases. The process of passing these historic increases lacked transparency. Many bills and provisions were not introduced or allowed public testimony and the language was not provided until the night before a final vote. Minnesota’s corporate and incomes tax rates are already in the top five highest in the nation, which adds headwinds to investment, entrepreneurship, and talent recruitment and retention – all needed for a growing economy.
  • What can ChamberHealth do for your business?

    Sep 13, 2023
    ChamberHealth is a collection of health insurance products from trusted partners like Medica and UnitedHealthcare designed to give small and mid-sized employers access to high-quality, affordable health insurance for their employees
  • Grow Minnesota! summer quarterly 2023

    Sep 6, 2023
    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.