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The Richfield Business Bulletin
FALL 2024
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Greetings Richfield business community!
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We hope you're enjoying the change of seasons and welcome you to the latest issue of the Richfield Business Bulletin newsletter.
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Show Richfield small businesses some love!
 Small Business Saturday is November 30, and it’s a perfect time to remind shoppers that your business is an important part of this community.
Richfield is partnering with Hennepin County’s Elevate HennepinSM initiative in a promotional effort called Love Local to encourage residents to shop locally and keep this a vibrant, small business friendly community.
We have Love Local window clings available and encourage you request one to show your local pride.
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 Small Business Success and Support Survey
Main Street America is excited to release this year's Small Business Success and Support Survey for small business owners across the country. They would love to hear about the wins you've had in 2024, the challenges you face, and the types of support that the Main Street America network would help you most.
Why participate? Your insights as a small business owner are critical for their efforts to develop new and improved resources for entrepreneurs. The survey is open until Thursday, November 7.
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 Do you have business-related legal questions?
LegalCORPS volunteer business law attorneys provide 30-minutes of legal advice and guidance to entrepreneurs, small business owners, and nonprofit organizations. Consultations are virtual and free of charge.
They offer 12-15 business law brief advice clinic sessions each month. Some of the upcoming sessions include:
- November 6, 11 am-1 pm
- November 8, 9-11 am
- November 11, 4-6 pm
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Looking to reduce single-use plastics and save money? MNimize can help!
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MNimize helps food service businesses reduce the use of single-use plastics by swapping them for reusable or compostable utensils, plates, and other serveware.
What's in it for you? Participants may qualify for up to $1,000 in rebates, save money, and will be recognized on the MNimize webpage.
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 We've compiled a list of upcoming free webinar trainings on a variety of topics to help you and your business succeed.
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How to Design a Lean Business Plan
Whether you are trying to raise money for your business or just want to perfect your business strategy, a solid plan is an essential tool for achieving your goals. A lean business plan is also a quick way to define and share the vision for your business.
Presented by MB Mentors
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Year-End Tax Preparation for Your Business
Now that we're in the final quarter of the year, it's time to prepare your year-end taxes and learn what action you can take to positively impact your tax bill. Whether you’re working with a CPA or managing your own taxes, understanding the current tax landscape will empower you to make decisions that can positively impact your tax bill.
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In this webinar, we will discuss the evolving tax law landscape, identify the tax breaks that apply to you, and learn how to secure them before it's too late.
Presented by Barbara Weltman (SCORE Twin Cities)
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How to Project Cash Flow to Run or Save Your Business
In today's business environment, it is crucial to understand and manage cash flow effectively. Our workshop will help you interpret bank information and accounting software to run your business more efficiently.
Presented by Paul Kloster (SCORE Twin Cities)
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SBA Loan Opportunities for Minority-Owned Businesses: Programs, Benefits, and Eligibility
Are you a minority business owner looking for the right financial tools to take your business to the next level? Join us for an in-depth webinar covering the various SBA loan programs designed to support minority-owned businesses in expanding, improving cash flow or investing in new opportunities.
Presented by Adrienne Sipe (SCORE Twin Cities)
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Free workshops to help you build your digital skills and grow your business
Main Street America is working to equip small business owners with skills they need to thrive.
Their team of Small Biz Digital Trainers is hosting a special webinar series designed to help small business owners build their digital skills to grow their businesses.
You can view the following webinars on demand:
The next live session, How to Master Soft Skills for Small Business Success, will be offered November 21 from 3-4 pm.
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In Case You Missed It
Nashville Coop, a restaurant specializing in southern inspired hot chicken, opened this summer at 6600 Penn Avenue South. They started off with a food truck in 2020 and now have four Twin Cities locations. We're excited that they chose Richfield for their newest location and wish them success!
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For more information
Contact Jan Youngquist, Richfield's Economic Development Manager, for more information about programs, resources and future plans for Richfield.
612-861-9771
jyoungquist@richfieldmn.gov
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