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Tax abatement is an economic development tool for communities that appears to be gaining in popularity in recent years. First authorized by the Minnesota Legislature in 1997 as an alternative to TIF, tax abatement allows a city, town, county, or school district to abate all or a portion of its property tax on a parcel …
Growing Trend: Use of Tax Abatement for Economic Development and Public FacilitiesRead More
How should a financial institution respond to a civil subpoena for customer records? A subpoena is a document issued in the name of a court or government agency that commands the recipient to produce documents, permit inspection, copying, testing, or sampling, or appear at a trial, hearing, or deposition. A sample subpoena is attached hereto. …
With 2016 off the ground, Minnesota business leaders wonder what legislation may impact them in the year ahead. This past December, the commissioner of Minnesota Management and Budget (“MMB”) published the state’s Budget & Economic Forecast. This forecast projects future economic conditions and sheds light on budget parameters from which the Minnesota Legislature will work …
A Look Into 2016 Legislation Impacting Minnesota BusinessesRead More
This Friday, November 20th, marks the 57th anniversary of the Christmas City of the North Parade. The Fryberger firm will continue its tradition of passing out free hot chocolate and cookies to parade spectators. The treats will be served on the corner of Third Avenue West and Superior Street from 5:30 – 8:30. This will …
The 2016 Legislative Session will be the second act of the 89th Minnesota Legislature. In order to anticipate what policies, issues, and local projects are likely to be addressed during the 2016 Session, we need to understand what did and did not happen during the chaotic 2015 Session. After the dust settled and the 2014 …
With microbreweries springing up all across Northern Minnesota and Wisconsin, craft beer is something very familiar to folks in the Northland. Drawing from the area’s superb brewing waters and its firmly-rooted craft beer culture, craft breweries in the Northland are making impressive beverages, and impressive names for themselves. These local breweries are riding a national …
A limited liability company or “LLC” is a form of business entity often used to hold business or investment assets, particularly if the asset presents some financial risk to the owner. For example, an individual purchasing a duplex to rent out might set up an LLC to hold title to the duplex in order to …
The combination of ferrous and non-ferrous mineral and mining resources have long made Northeastern Minnesota a mining powerhouse. Minnesota has been a leading producer of iron ore and taconite for decades. Large quantities of Minnesota’s high grade ferrous mineral resources were mined over time, but substantial quantities of lower grade iron ore remains. New technologies …
