Home » 2014 Best & Worst States » Minnesota is the 30th Best State for Business 2013

Minnesota is the 30th Best State for Business 2013

Previous State: Kentucky Next State: Missouri No. 30Minnesota Taxations & Regulations Workforce Quality Living Environment Based on CEO Survey by ChiefExecutive.net Key Metrics State GDP  % Growth ’10-’11: 1.2 % Growth ’10-’11 v. Nat’l Avg. (1.5%): -0.3 Unemployment Unemployment Rate Dec. 2012 %: 5.4 Comparison with Nat’l Rate (7.80%): -2.4 Domestic Migration Domestic Net Migration …

Previous State: Kentucky Next State: Missouri

No. 30Minnesota

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’10-’11: 1.2
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): -0.3

Unemployment

  • Unemployment Rate Dec. 2012 %: 5.4
  • Comparison with Nat’l Rate (7.80%): -2.4

Domestic Migration

  • Domestic Net Migration ’10-’11: -8,073
  • Rank: 39

State Government

  • Debt per Capita Fiscal Year ’10 ($): 2,206
  • State & Local Gov’t Employees per 10k Residents: 541.8

State-Local Tax Burden

  • Rate (%): 12.4
  • Compared to Nat’l Avg. (9.9%): 2.56
Key Companies
  • Target
  • Supervalu
  • CHS
  • 3M
  • Medtronic
  • General Mills
Development Trend Indicator: Neutral
Looking better to execs despite Gov. Dayton’s idea of big tax boosts.
CEO Comments
“Minnesota heading the wrong direction on taxation and regulation.”

“Our home state of MN does not seem to have a clue on business pluses!”

“Minnesota is an ideal place to do business as a nonprofit. The regulatory environment, courts and workforce availability are all favorable.”

“Minnesota is often overlooked because of weather but in terms of livability and workforce quality the state really excels.”

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation

Previous State: #29 Kentucky Next State: #31 Missouri

About JP Donlon

JP Donlon is the Editor-in-Chief of Chief Executive magazine.