CMMA November Meeting

CMMA breakfast meeting on November 18
Let's meet "in person" to hear from King Banaian and Luke Greiner. Tour Northern Metal Recycling

`Topic: Economic Outlook`

The COVID Recession of 2020 lasted only two months officially, but many parts of the economy still suffer its effects. Disrupted supply chains and labor shortages have been the topics uppermost in business minds this summer and fall, along with rising prices. How quickly we return to the growth part of our pre-pandemic economy will depend on how we resolve these issues in 2022. In this talk Dean Banaian will discuss the impacts of a short deep supply-led recission and what that means for the manufacturing sector in Minnesota next year.

Minnesota is slowing recovering from the shortest recession in our history, yet 18 months after the recession officially ended employment is still down by more than 126,000 jobs. What's holding our economic expansion back? Labor, or the lack thereof. The most recent count of job openings obliterated previous records and points to more challenges to recruit and retain employees. In step with an incredibly tight labor market is inflation higher than we've seen in more than a decade. Luke Greiner will cover what parts of our local economy are recovering, how our economy has shifted, and hiring/wage trends.

About the Speakers: King Banaian, SCSU and Luke Greiner, MN DEED

King Banaian, Dean of the School of Public Affairs, St. Cloud State University
King Banaian is a professor in the Department of Economics and dean of the School of Public Affairs at St. Cloud State University. He holds the Ph.D. in economics from the Claremont Graduate School. He has consulted at central banks and ministries of finance in several developing countries. He is author of two books and over 50 articles discussing monetary policy and political economy as well as an occasional paper on the economics of sports. A former state representative from St. Cloud, he is co-author of the St. Cloud Quarterly Business Report and hosts a radio program in Minneapolis.

Luke Greiner, Regional Labor Market Analyst, MN DEED
Luke is MN Department of Employment & Economic Development's regional analyst for central and southwestern Minnesota. Luke analyzes the greater Minnesota economy and job market, industry trends, workforce availability, and hiring demand. He has a bachelor's degree in management from Park University in Parkville, MO.

About the Tour: Northern Metal Recycling Center
Northern Metal Recycling Center is a full-service consumer and industrial metal scrap recycler, handling over 100 grades of ferrous and nonferrous materials. The network of processing plants has convenient locations in the Twin Cities, central Minnesota and North Dakota.

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Event Sponsors

Date and Time

Thursday Nov 18, 2021
7:15 AM - 10:00 AM CST

7:15 - 9:00 AM Breakfast/Meeting
9:00 - 10:00 AM Tour Northern Metal Recycling

Location

Meeting and Breakfast Location:
Pebble Creek Golf Club
14000 Clubhouse Lane, Becker, MN 55308

Tour Location:
Northern Metal Recycling
12432 Energy Drive,

Becker, MN 55308

14000 Clubhouse Lane Becker MN 55308

Fees/Admission

$20/member*
$30/nonmember

Includes full breakfast. CMMA requests remittance for all reservations not canceled prior to the meeting.
*If a company is a CMMA member, ALL employees are eligible to attend at the member rate.

Meeting Sponsor:

Website

http://cmmaworks.org

Contact Information

Alisa Sherwood
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