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Minnetonka business survey: owners upbeat on climate but cite taxes and costs as top concerns
Summary
A consultant told the Minnetonka EDAC that a phone-based survey of 400 businesses found 98% rate the local business climate positively, while 64% identified city property taxes as a very or somewhat serious concern. Staff will fold the findings into the Economic Improvement Plan.
Peter Leatherman, a public-opinion researcher with Morris Leatherman Company, told the Minnetonka Economic Development Advisory Commission on March 20 that his firm spoke with 400 randomly selected residents, business owners and managers between Jan. 16 and Feb. 12 to update the city’s business survey. Leatherman said the survey is projectable to the local business population with a margin of error of about ±5 percent at the 95 percent confidence level and an average interview time of 17 minutes.
The survey showed overwhelmingly positive sentiment about the local economy: 98 percent of respondents rated the city’s business climate positively and roughly 95 percent were somewhat or very…
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