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- Help local businesses
- Introduce the rest of the world to LqP
- Support young entrepreneurs
We have a few ongoing programs:
Please contact us for more information!
From the SBA…
The U.S. Senate has confirmed President Donald Trump’s nomination of Linda E. McMahon as the 25th Administrator of the U.S. Small Business Administration.
We at the Minnesota District Office are looking forward to continuing the SBA’s mission under McMahon’s leadership.
A heads up from the West Central Tribune…
The U.S. Army Corps of Engineers, St. Paul District, is nearing completion of repairs to Lac qui Parle Dam.
The final repairs involve placing large rock immediately downstream of the dam to reduce the potential for erosion. Work is expected to start no later than Feb. 27. Once these repairs are complete, the Corps will again be able to use the entire dam as designed. This will include using bays 9 — 12.
In order to complete the rock placement, the Corps needs to reduce flows immediately downstream of the dam so construction workers can safely work in the area. The work is expected to last no more than two days. The lake elevation may rise 1 to 2 feet during the construction due to the reduced water releases and current inflows coming into the lake. The lake was at elevation 934.07 as of Feb. 17.
Ice conditions are expected to become unsafe as a result of the lake elevation changes and the warmer weather that is forecast during the next week. The Corps directs all ice houses be removed from Lac qui Parle Lake as soon as possible but no later than Sunday, Feb. 26.
Social media can be puzzling to many small businesses. What’s the best way to use social media to connect with customers and find new ones? Join us as we have a look at the various social platforms and how small businesses can steer the conversation.
- Social platforms and what they have to offer
- Organic and paid efforts to engage and grow your audience
- Should you expect sales from social media?
Get all your questions answered and start harnessing the power of social media to grow your business.
February 22, 2017, 1:30pm EST
Learn how to create a stand out online presence during this webinar produced by SCORE, a resource partner of the U.S. Small Business Administration. We’ll cover how to create an eye-catching logo, ways to publish SEO-friendly content, and other tips to create a powerful and lasting online brand.
Tuesday, February 21, 2017
2:00pm ET / 11:00am PT
Investment will help ensure that Minnesota farmers can restructure their finances ahead of the growing season
Many Minnesota farmers would otherwise face a credit crunch after several years of low commodity prices and rising expenses
ST PAUL, MN – Delivering needed assistance to Minnesota’s 74,000 farmers, Governor Mark Dayton today signed the bipartisan $35 million Rural Finance Authority legislation (H.F. 14) into law. The new funding will allow the Authority to continue offering eligible Minnesota farmers affordable financing and terms and conditions not offered by other traditional lenders. Without the investment, many Minnesota farmers would face a credit crunch caused by several years of low commodity prices and rising expenses. Rural Finance Authority loans are particularly important early in the year when Minnesota farmers review their finances and restructure debt ahead of the growing season.
“This investment will provide important assistance to Minnesota farmers struggling with low commodity prices and rising expenses,” said Governor Dayton.“I thank the Legislature for moving quickly to pass this bipartisan legislation. I look forward to working with Legislators on additional help for our farm families throughout the Session.”
“Minnesota’s farm families are the backbone of Minnesota’s economy and support hundreds of thousands of good jobs and billions of dollars in economic activity,” said Lt. Governor Tina Smith. “The Rural Finance Authority is important because it helps farmers facing the perfect storm of low commodity prices and high costs. I thank the many legislators who worked together across party lines to get this done.”
In addition to helping farmers secure financing, the Rural Finance Authority also offers a variety other programs to strengthen Minnesota farm families and communities. These programs are designed to help new farmers purchase land, restructure debt, invest in farm improvements, and finance livestock production facilities. Overall, more than $270 million has been invested in Minnesota farm operations since 1986.
“The Rural Finance Authority has delivered affordable, low interest loans to thousands of Minnesota farmers to finance expansions and land purchases, and to restructure their debt,” said Minnesota Agriculture Commissioner Dave Frederickson. “Keeping family farmers in business is important not only to our rural communities, but to the entire state.”
The Rural Finance Authority has lacked funding since December 31, 2016, because the Minnesota Legislature failed to pass a bonding bill last session. Since exhausting the funding, the Authority has been working with local banks to take loan applications, but has been unable to authorize new financing for Minnesota farmers.
“The agriculture industry is the second largest employer in our state and the cornerstone of Minnesota’s economy, but the average farmer is 57 years old,” said Senator Andrew Lang (R-Olivia). “These low interest loans will continue our tradition of supporting family farms, and help young beginning farmers start their own farms or take over their family farms. I want to thank my colleagues in the House and Senate for working so well together, and I am glad to have the support of Governor Dayton on such an important program.”
“I am honored to have been a part of passing this legislation that will provide famers critical access to low interest loans,” said Senator Kent Eken (DFL-Twin Valley). “Programs like the Rural Finance Authority allow our agricultural producers and family farms to remain competitive, especially given the current downturn in the agriculture economy, and in turn has a direct impact on the success of rural communities throughout the state.”
“Providing funds for the continuation of the Rural Finance Authority’s agricultural loan program is an urgent issue I am pleased we were able to resolve swiftly,” said Representative Jeanne Poppe (DFL-Austin). “These loan opportunities benefit both our hardworking farmers and the local lenders who participate.”
Minnesota farmers interested in learning more about the assistance offered by the Rural Finance Authority should visit the Minnesota Department of Agriculture website or contact: 651-201-6004.
According to the West Central Tribune…
Record-breaking temperatures helped attract approximately 2,200 anglers to Lac qui Parle Lake for the fourth annual Ice Castle Classic fishing tournament on Saturday.
David Grant of Revillo, S.D., won the tournament’s top prize of $10,000 for catching an 8.84 pound northern pike. Over $75,000 in prizes were awarded.
Congrats and thanks to everyone that make the event such a success!
KARE 11 is covering the news on how policymakers are planning to crack down on employers who
Minnesota Democrats say they want to bolster the state’s ability to go after businesses that fail to fully compensate workers.
Lt. Gov. Tina Smith said during a Wednesday rally that the state needs to hold accountable a small number of businesses stealing from workers. The Minnesota Department of Labor and Industry estimates that over 39,000 workers aren’t paid an average of $11.9 million each year in wages, overtime and benefits.
Democrats’ proposed legislation would further define wage theft, give regulators more money to investigate cases and raise penalties for businesses that have underpaid their workers.
St. Paul Rep. Tim Mahoney says the changes would help protect workers from future wage theft while aiding the investigation of over 20,000 complaints filed each year.