Ron Wirtz, Director of Regional Outreach for the Federal Reserve Bank of Minneapolis, to Meet with Local Business Owners

January 06, 2017
Menomonie, WI – The Federal Reserve Bank of Minneapolis Wants to Hear From Your Business! On Thursday, February 23rd, Ron Wirtz, Director of Regional Outreach for the Federal Reserve Bank of Minneapolis, will be at the Off Broadway Banquet Center, 1501 North Broadway Street, 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.
 
This event is free to attend, and open to members and nonmembers. The first portion, a discussion presentation on the state of the Menomonie area economy, runs from 8:00 a.m. to 8:50 a.m. The second portion, a confidential roundtable discussion with local firms on current business conditions, runs from 9:00 a.m. to 10:00 a.m. Registration for the second portion is limited to 15 participants.
 
To attend both discussions, participants must register for each one individually. Participants are not required to register for the first portion to attend the second. For more information or to register, visit http://menomoniechamber.org/pages/federal-reserve. Questions? Contact the Menomonie Area Chamber of Commerce at 715-235-9087 or by emailing info@menomoniechamber.org.
Contact:
Donna Nygard, Administrative Assistant
info@menomoniechamber.org, (715) 235-9087