IMNPACT Angels invites you to apply for the Fredrikson & Byron Benefit Corporation Cultivator Program.
IMNPACT Angels, an affinity group of Gopher Angels, is the first angel network in Minnesota devoted to impact investing.
If you've thought about launching a social business or plan to seek impact investment, the Public Benefit Corporation form is designed for you!
Through its Benefit Corporation Cultivator Program Fredrikson & Byron is providing free legal services for over a year to 10 new Public Benefit Corporations and your business could be one of them. Other companies offering services to companies accepted into the Benefit Corporation Cultivator Program are:
The Improve Group is providing free social impact evaluation consulting services and,
The Restore Collaborative is offering free use of their co-working space.
A public benefit corporation is a new legal corporate form that will be available in Minnesota starting on January 1, 2015. It is designed to help entrepreneurs start and grow social businesses. Public benefit corporations (PBC) are like traditional for-profit business corporations in most ways except that they make some special commitments. First, a PBC declares a legally binding social purpose, in addition to its general business purpose, which its directors and officers must consider when making strategic decisions for the business. Second, a PBC must publicly report its progress toward its social purpose each year to the Minnesota Secretary of State.
We're excited to have Minnesota Rising featured alongside Break the Bubble and Pollen Midwest in the recent Southwest Journal story, "Targeting talent." Read on to learn more about Greater MSP's efforts to attract and retain talent to our region, and some of the key challenges that emerging leaders have identified related to social inclusion and equity issues. Join the conversation online at #MSPGLOBAL.
November 18, 2014 // UPDATED 10:44 am - November 19, 2014
BY: SARAH MCKENZIE
Photo courtesy Meet Minneapolis
Business leaders launch effort to recruit, retain talented workers
The economic development group Greater MSP has launched a new campaign to recruit and retain top talent as a skilled workforce shortage looms on the horizon for the Twin Cities region.
The region has about 55,000 job openings and about 100,000 people looking for work in the state, said Greater MSP CEO Michael Langley. The challenge, however, is that the people looking for work don’t have the skills needed for those spots.
“We have great talent, but we know through our research that we’ll have challenges in the future,” he said. “We have to attract more talented workers to this region. We have to get into the hearts and minds of talented workers all over the world.”
Even if every child born here stays in the Twin Cities and has the skills needed for a job opening, the region will still need to recruit additional talented workers to remain competitive, he said.
Greater MSP discussed its strategy for attracting top talent Monday night at its annual meeting at the University of Minnesota. EcoLab CEO Doug Baker and Bert Colianni, CEO of Marquette Companies, are the co-chairs of the economic development group’s talent task force.
The focus will be centered on millennials/young professionals — the 20- to 40-year-old workers that will be in most demand over the next decade, Langley said.
Langley said other regions across the country are ahead of Minneapolis and St. Paul in launching aggressive worker retention programs. Some of the cities that have been successful in keeping and luring talented workers include Pittsburg, Cleveland and Austin, Texas.
Jamie Millard, co-executive director of Pollen, a North Loop-based organization that bills itself as a “digital platform that builds better-connecting communities,” also serves on Greater MSP’s talent retention and recruitment task force.
She said she’s excited about working on one of the task force’s key strategies — making the region more socially inclusive.
“I think of it as making the invisible network that is so prominent here in Minnesota — I don’t know if it’s the Scandinavian culture that makes our environment naturally cliquish — but there is something about MSP that makes it hard to break into,” she said.
She cited data indicating that while MSP ranks number one for retaining young professionals in the country, the region ranks number 14 for retaining non-white professionals.
Many jobs in the region are filled without companies posting openings.
“We’re filling our jobs through this invisible network pipeline,” she said.
Millard said there is a group of emerging community leaders working on addressing the problem. One of the goals is to identify 50 of the region’s top “super connectors” and make sure it’s a diverse group of people in a wide variety of disciplines.
Another idea is to create a buddy system for transplants to the region to make sure they are immediately connected to opportunities to make new friends and get acclimated to life in Minnesota, she said.
“We want to do hands-on welcoming,” she said.
Millard pointed to the organization Break the Bubble as work Greater MSP wants to build upon.
Matt Decuir started the group in the spring of 2013 after moving to Minneapolis from Seattle to join his girlfriend who relocated to the city for school.
Minnesotans are friendly, but aren’t often willing to embrace newcomers into their social circle, he said.
“Minnesotans will give you directions anywhere except to their lake cabin,” he joked.
Break the Bubble has hosted several events at restaurants and taprooms around the Twin Cities to help break the ice for people looking to broaden their social networks.
“Our goal is very simple. We’re trying to help Minnesotans make new friends,” Decuir said.
Diane Tran, project manager of Grassroots Solutions, has also been very engaged in efforts to make the region more inclusive and welcoming for everyone. She founded Minnesota Rising in 2009 — a network of emerging community leaders across the state focused on helping prepare the state’s next generation of leaders as the Baby Boomers are leaving the workforce in greater numbers.
She said she’s heartened that people are taking the social inclusion issue seriously.
“There is a very real other experience that people have of this area,” she said, adding it’s important for people to think about “who is not in the room” and who should be when having conversations about making the region a place where everyone can thrive.
In addition to spearheading a campaign focused on recruiting and retaining talent, Greater MSP will continue an aggressive worldwide marketing blitz promoting the Twin Cities’ many assets to help foster additional job growth and development.
Langley said there are many economic indicators for the region to be proud of.
“There is a lot of positivity about our region,” he said. “We have the lowest unemployment rate of any major metropolitan area in the country. Our job creation activities have increased dramatically.”
The MSP regional economy is the 13th largest in the country and rivals that of entire countries, he said.
Langley, who lives in the Carlyle condo tower, also likes to reference how many construction cranes he sees outside his window as a barometer of the economy.
When he first moved into the condo with his wife a few years ago, there were two cranes. Now there are 40.
“We know that’s a leading indicator for jobs, an increased tax base and more money going into the economy,” he said.
Snow covers the ground around town and Break the Bubble is helping you do the same. Join them for their 16th gathering this Friday, focused around the theme of "Your favorite winter activity." Register today to get the conversation started!
Break the Bubble #16: Friday, November 21: 7-9pm: Sisyphus Brewing
Registration for Break The Bubble: Winter Wonderland Edition is now live
The Minnesota Rising 2014 Un/Conference: The Future Is How was held on Saturday, November 15, 2014 from 10:00AM – 4:30PM at DLR Group offices in Minneapolis, MN. Hosted by and for emerging leaders, the Un/Conference engaged emerging leaders across Minnesota in an energizing day of innovative learning and dialogue, skill-building, and network-building with their peers!
Minnesota Rising is thankful for our amazing sponsors, without whose support we could not offer sliding-scale admission fees and stellar Un/Conference programming. Below, find an invitation to attend upcoming Minnesota Private College Council member holiday music shows!
There's no better way to celebrate this time of year than by gathering together with one another and listening to the music of the holidays. Join us for one (or more) of our holiday events, including many musical concerts, an art sale and more. Visit our website for a complete list of events. We wish you the best of holidays.