Minnsights Blog

Research from the Minnesota Center for Employee Ownership (MNCEO) and Project Equity shows that roughly half of employer businesses in Minnesota have owners over the age of 55, reaching an age of likely ownership transition. Concerningly, however, an overwhelming majority of businesses (85%) do not have succession plans. 

Environmental sustainability and economic competitiveness do not need to be mutually exclusive. Minnesota energy providers and ratepayers have made significant investments to enhance energy systems – power generation, transmission and pipelines – and reduced harmful environments impacts at the same time. According to a recent study of businesses, 75% names reliability and affordability as the most important consideration of energy policy. Legislators must take steps to ensure affordable and reliable energy for businesses and oppose new mandates, fees and assessments that increase electricity prices.

Our members support sensible regulations that will allow Minnesota to maintain a clean environment and healthy business climate while fostering economic change and growth statewide.

Minnesota companies are often recognized as some of the best places to work in the nation. Employers are in the best position to design benefit packages that serve the needs of their businesses and employees. Mandating broad-sweeping, one-size-fits-all employee benefits threaten employees’ ability to compete, especially as the state’s economy begins to recover from the COVID-19 pandemic. Legislators must preserve private-sector flexibility on wage, benefit, scheduling and employee classification divisions. 

Access to high-quality, affordable health care is necessary for employers to stay competitive. A strong majority of Minnesota Chamber member organizations offer health insurance to their employees, although employers – especially small employers – struggle with the high cost of insurance. And according to a recent survey, 75% of those who offer these benefits report that they will need to make a change their offerings if costs continue to increase.