Tell the Minneapolis Fed about current conditions for your business!

The Minneapolis Fed is responsible for tracking current economic conditions in the Ninth District, a region that includes Minnesota, the Dakotas, Montana, northwestern Wisconsin and Michigan's Upper Peninsula. 

We are partnering with local and state chambers of commerce, economic development associations and other business groups in each Ninth District state to collect your feedback. Please take 5 minutes to help the Minneapolis Fed and Bank President Neel Kashkari better understand business conditions that shape monetary policy.

All responses are anonymous. We expect to share respondent comments with survey partners, and potentially the public, to better spotlight challenges facing businesses. To maintain anonymity, please do not include any self-identifying information in any comments.

Thank you for your time and valuable insights; both are greatly appreciated. The Minneapolis Fed wishes you and your business prosperity for the remainder of the year.

Ron Wirtz
Regional Outreach Director
Federal Reserve Bank of Minneapolis
612.204.5262
ron.wirtz@mpls.frb.org

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* 1. In what state is your firm located?

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* 2. In what sector does your company or organization do business?

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* 3. Recent and future revenues: Please estimate recent quarterly sales/revenue at your firm, and your expectations for the near future.

  Decline of > 25% Decline of 15-25% Decline of 5-15% Mostly flat (+/-5%) Increase of 5-15% Increase of 15-25% Increase of > 25%
Last 3 months compared with same period last year 
Last 3 months compared with the prior quarter 
Expectations for next 3 months, compared with same period last year

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* 4. Challenges: Aside from customer demand, what are the two greatest challenge to your current operating capacity and productivity? (Please check only TWO boxes)

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* 5. Labor demand: Please indicate current hiring demand/job openings (check all that apply).

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* 6. Staffing levels: Please estimate actual, recent changes in staffing levels at your firm, as well as expected future staffing expectations.

  Significantly lower Modestly lower No change Modestly higher Significantly higher
Current, actual staffing levels compared with 3 months ago
Expected staffing levels in 6 months compared with current staffing

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* 7. Wages: Please describe recent changes to average wages at your firm, and and expected future changes.

  Wage cut (any size) Little or no change (+/- 1%) Wage increase of 1-3% Wage increase of 3-5% Wage increase > 5%
Compared with 12 months ago
Expected over the coming 12 months

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* 8. Labor availability: If hiring, how would you assess current ability to find and hire necessary labor?

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* 9. Prices: How would you describe current price levels compared with the same period last year?

  Higher by > 10% Higher by 5-10% Higher by 1-5% Mostly flat (+/- 1%) Lower by 1-5% Lower by > 5%
Non-labor input prices
Final/retail prices to customers

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* 10. Supply chain: How would you describe your firm's ability to receive critical supplies for your operations?

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* 11. Outlook: What is your outlook for the coming six months?

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* 12. Staffing levels: Please identify the number of full-time equivalent workers at your firm.

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* 13. Please check any/all that apply to your firm's ownership:

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