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When more money is spent in the area, the regional economy is enriched and businesses need more employees to manufacture products or serve customers, thus creating more jobs. According to a Greater Mankato Growth-commissioned University of Minnesota Extension study, if all business and organizations shifted an average of 5% of the money they spend outside the region to Greater Mankato businesses, together we have the potential to:
- Add $83 million in direct spending into the regional economy
- Make a $118 million total economic impact on our regional economy
- Create 892 new jobs
Click here for the full report with more detailed information about the impact you can make when you Shift 5%.
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