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Census Bureau data shows a slowdown in new Business formation

Yesterday I wrote about how research has shown that new and young (0-5 years) businesses are the huge part of economic growth. Small and new businesses are going to be a huge contributing factor in the recovery of our economic system. Unfortunately, data from the census bureau shows that there has been a slow down in the number of applications for new businesses. The whole nation is facing a decrease in the number of applications compared to last year. This trend if it continues will impede the recovery process of the nation. National Figures  According to the US Census Bureau the  United states...

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Education researcher suggests parents should try “unschooling” during coronavirus pandemic

The COVID-19 crisis has impacted and changed the education landscape, placing pressure on students, parents and schools to quickly adjust to the various levels and dimensions involved in emergency learning during a health care crisis. But what if we took a step back and used this current moment as an opportunity to rethink how we teach children?...

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Research shows new and young businesses account for a large share of growth

According to a recent NBER paper, researchers have found that, New and young firms (ages 0 to 5 years) account for almost one-half of growth – three times their share of employment. Large established firms contribute only one-tenth of growth despite representing one-fourth of employment. One other major finding of the paper is that, through innovation and improvements on their own products tend to make up a large part of the growth in effectively lead to long run growth. A majority of growth takes the form of quality improvements by incumbents on their own products. New varieties and creative destruction contribute less, but...

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You can now take out wine and beer with your food order

On Friday, April 17th, Governor Walz signed into law an amendment allowing licensed restaurants to sell alcohol to-g0. Governor Walz signed the bill after it was passed by the Senate (65-2) and the House (129-1). The legislation took effect over the last weekend on saturday April 18th. When speaking on the law Governor Walz said; This is a small but important step to provide relief for the local restaurants that are struggling to keep their lights on during this pandemic.This will allow Minnesotans to continue to support their favorite local businesses. The restaurant industry is finding creative ways to keep Minnesotans...

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A State Senator’s powerful plea to reopen Minnesota’s economy

Last week, Sen. Jim Abeler of Anoka made a plea to Gov. Tim Walz to open Minnesota’s economy. In a speech on the Minnesota Senate floor, he spoke for many Minnesotans, asking the governor to trust the state’s citizens to do the right thing to save lives, businesses and jobs. He pointed out that the debate over re-opening is not partisan, and that a number of DLF legislators have publicly or privately agreed with him. Abeler made two central points. First, he said, he is “critically concerned about what is happening to Main Street and side street families, and the livelihoods of...

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Confirmed: The Met Council’s dangerous “transit-oriented development” crusade

The Metropolitan Council is on a crusade to “densify” the Twin Cities, and that means reorganizing our metro area around public transit. The Council’s guiding principle is “transit-oriented development." But the coronavirus pandemic should be a wake-up call that “transit-oriented development” poses risks we previously hadn’t dreamed of....

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