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Minnesota Minutes

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Trade secrets – why they matter to your business

  
  
  

In the world of electronic sharing and e-mails providing data at lightning speed, the issue of trade secrets has become an increasing concern for all businesses. Minnesota adopted the Uniform Trade Secrets Act in 1980.

Environmental sustainability is smart business

  
  
  
Jill Curran Mn Chamber of commerce resized 600

More companies are becoming environmentally sustainable, generating profit for shareholders while also protecting the natural environment. Why? Corporate leaders are realizing business practices that “green” the planet also add “green” to the bottom lines. 

Does a contract have to be written to be enforceable?

  
  
  

Although specific situations require a contract to be written to be enforceable under the “statute of frauds,” in general, a contract does not have to be in writing to be enforceable.
An oral contract is considered legally equal and is as equally binding upon both parties. The more important aspect of contract is what the terms are.

To be a legal contract there must be three parts:


Budget forecast raises red flag on state tax policy

  
  
  

The Dec. 4 economic forecast delivered more good news for all Minnesotans and state policy-makers – and also calls for a new direction in state tax policy. The state’s general fund is projected to have surplus of $1.037 billion for the FY 2016/17 budget that begins July 1, 2015. In addition, $183 million will be added to the budget reserve, bringing the reserve to $993 million. The next forecast will be released at the end of February which will be used to set the next two-year budget.

North Star Summit: Mapping Economic Prosperity for Minnesota

  
  
  
North Star Summit MN Chamber of commerce resized 600

Where does Minnesota want to go? Are we heading in the right direction? How do we know? Do we have a plan? A map? A compass?

Minnesota employers having trouble complying with “Ban the Box” law

  
  
  
Aaron Hall

In 2014, Governor Dayton signed what is collectively called “Ban the Box” legislation. The law prohibits private employers from requiring potential employees to admit on a job application – by checking a box – whether they have been convicted of a serious crime. This ban has been in effect for public employers in Minnesota since 2009.

Think spring. Think baseball. Think green.

  
  
  
Saints baseball

Yes, we’re just digging in our heels for another unpredictable Minnesota winter. But it’s not too early to conjure up images of America’s favorite summer pastime – in a new venue. The St. Paul Saints are ready to welcome us.

Polish your speaking skills; expand your network

  
  
  
Sara Socwell

Giving a great business presentation takes practice. Spoken Impact is pleased to partner with the Minnesota Chamber to help you take your skills to the next level.

Filling critical gaps in our Minnesota workforce

  
  
  
apprenticeships

Accelerating efforts to help employers in filling critical gaps in our Minnesota workforce is a top priority at the Minnesota Chamber of Commerce. Members of the Minnesota Chamber Education and Workforce Development Policy Committee recently visited two impressive organizations – Better Futures Enterprises and Summit Academy OIC – whose work assists in that effort. Each aims to transform the lives of participants, helping them achieve greater economic security, independence from social services, and productive roles in their families and society.

What is tax inversion?

  
  
  
Aaron Hall

Companies with a headquarters in the United States must pay taxes on all income including income from business operations outside the United States. However, if that company moves its headquarters to another country, ceasing to be a U.S. company, it would no longer have to pay taxes on revenue derived outside of the United States because it would become a foreign company. This concept is called tax inversion. Here are answers to some frequently asked questions:

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