The Federal Reserve Bank of Minneapolis Wants to Hear From Your Business!:

 

Thursday, February 23rd
Off Broadway Banquet Center
1501 North Broadway Street, Menomonie, WI 54751

The Federal Reserve Bank of Minneapolis is part of the Federal Reserve System – the nation’s central bank. One of the core duties of the Minneapolis Fed is to understand economic activity across a six-state region, including northwestern Wisconsin. Ron Wirtz, Regional Outreach Director at the Minneapolis Fed, will join us at 8 a.m. on Thursday morning, February 23 for a two-part event. First, Ron will give a presentation on the state of the regional economy, followed by a short Q&A session. Afterwards, Ron will facilitate a 60-minute, small-group discussion of current business conditions among interested, Menomonie-area businesses.

This will be an informal, 60-minute roundtable conversation with Ron. Insights from this small-group meeting are confidential, and will be shared with senior bank staff and also contribute to the Minneapolis Fed's portion of the Beige Book. Ron will also leave time to answer questions from attendees.

Among the topics Ron would like to hear about at this meeting with local businesses:
• Recent business activity and sales
• Labor availability
• Prevailing wages, recent wage increases and the wage outlook for the remainder of 2017
• Benefits and workplace enhancements: What nonwage changes, if any, are you making to attract and retain labor?
• Are you seeing any inflation/price pressure (+/-) for material (nonlabor) inputs or final prices to clients? Have you raised prices to clients in the last 6 months? Why or why not? Do you expect to in the coming 6 months?
• What is your firm’s outlook for 2017: Are you optimistic or pessimistic?

This visit is part of the Minneapolis Fed’s outreach program to meet with more businesses face-to-face to hear about both the strengths and challenges of local economies. Ron’s primary responsibilities involve tracking and assessing current business conditions in the Ninth District regional economy, focusing on recent sales/revenue trends, employment, wages and prices, while also tracking construction and real estate markets. Ron is also a contributor to the Beige Book, which is a report of current economic conditions published by the Federal Reserve System every six weeks in advance of Federal Open Market Committee meetings, where the Fed sets interest rates and makes other monetary policy decisions.

Among the Topics Ron Would Like to Hear About at This Meeting With Local Businesses:


• Recent business activity and sales
• Labor availability
• Prevailing wages, recent wage increases and the wage outlook for the remainder of 2017
• Benefits and workplace enhancements: What nonwage changes, if any, are you making to attract and retain labor?
• Are you seeing any inflation/price pressure (+/-) for material (nonlabor) inputs or final prices to clients? Have you raised prices to clients in the last 6 months? Why or why not? Do you expect to in the coming 6 months?
• What is your firm’s outlook for 2017: Are you optimistic or pessimistic?



Session One:
Discussion Presentation on State of the Menomonie Area Economy

8:00 a.m. to 8:50 a.m.
Free to attend


Session Two:
Roundtable Discussion with Local Firms on Current Business Conditions
(This portion limited to the first 15 registrations)

9:00 a.m. to 10:00 a.m.
Free to attend


Note: To attend both discussions, you must register for each one individually.