It’s a question that comes up often: How is Main Street doing? While downtowns across the country have faced challenges in recent years, Owatonna’s Main Street District is showing signs of resilience and growth. Despite some business closures, the district saw a net gain of 10 businesses in 2024, including new openings, ownership changes, relocations,Read more
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As numbers grow at the Downtown Thursday events put on by Main Street Owatonna, the economic impact goes up. Here’s some data from recent events. Average Spend Per Visitor:“Downtown Thursday” is an evening event, likely involving food, beverages, and some local retail. We’ll use an estimated average spend of $45 per visitor per event. Economic Multiplier:A conservative economicRead more
Federated Insurance has reached a significant milestone, surpassing $3 billion in total premium across its property, casualty, and life insurance lines. This achievement reflects the company’s strategic goal, set in 2022, to meet the evolving needs of its clients and association partners while expanding opportunities for its employees. The company had set its sights onRead more
Farmers Insurance D. Strand Agency is a trusted agency located in Owatonna, Minnesota. With a commitment to personalized service and has been recognized by Farmers Insurance for their awarded achievements in 2024. D Strand agency has been awarded the Prestige Blue Vase Award for their dedication to providing premier life insurance to their clients. TheirRead more
The understanding outlines the preliminary terms of a proposed transaction and is contingent upon a number of conditions, including the completion of due diligence, legal structuring, negotiaion and execution of a definitive agreement, corporate approvals, regulatory clearances, and other. Vancouver, British Columbia–(Newsfile Corp. – May 14, 2025) – Intellabridge Technology Corporation (CSE: KASH) (OTCQB: KASHF)Read more
Keen Bank is a locally family-owned and managed community bank that in 2024, celebrated its 150th anniversary of serving the financial needs of Waseca and surrounding communities. Their commitment to customers, responsiveness in find solutions and genuine willingness to help is the foundation of Keen Bank. The origin of Keen Bank dates back to JuneRead more
The Residential Grading Permit Process for Public Works has undergone improvements through a lean process analysis. This approach focuses on eliminating waste and non-value activities, implementing changes quickly, and ensuring the right information reaches the right person at the right time. Pre-event planning included a meeting to establish the event’s scope and goals. Contractors andRead more
Artificial Intelligence (AI) is no longer just for large corporations—small businesses can leverage AI to streamline operations, improve customer service, and increase efficiency. Here are some ways AI can benefit small businesses: 1. Automating Routine Tasks AI-powered tools can handle repetitive administrative tasks such as scheduling, invoicing, and email responses, freeing up valuable time forRead more
Our community is coming together to create brighter futures! This third event in our ongoing collaboration between businesses and schools—following the Business Mixer in September and Staff Tours in January—highlighted the power of working together to prepare students for life after high school. At the recent Lunch & Learn, 36 business representatives gathered to hearRead more
Staying ahead of economic trends is vital for business success in Owatonna. Our local economy is evolving, presenting both challenges and opportunities. Here are key insights to navigate the changing landscape. Small Business Growth Owatonna’s entrepreneurial spirit is strong, with new businesses emerging despite rising costs. Digital transformation, customer engagement, and partnerships enhance resilience. WorkforceRead more
