Minnesota is the 36th Best State for Business 2012

No. 36 Minnesota Taxation and Regulations Workforce Quality Living Environment Based on CEO Survey by ChiefExecutive.net Key Metrics State GDP  [...]

May 2 2012 by ChiefExecutive.net


No 36: Minnesota

No. 36

Minnesota

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: 1.56
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): 1.89

Unemployment

  • Unemployment Rate Dec. 2011 %: 5.70
  • Comparison with Nat’l Rate (8.50%): -2.80

Domestic Migration

  • Domestic Net Migration ’00-’09: -46,635
  • Rank: 38

State Government

  • Debt per Capita Fiscal Year ’10 ($): 2,206
  • State & Local Gov’t Employees per 10k Residents: 541.81

State-Local Tax Burden

  • Rate (%): 10.29
  • Compared to Nat’l Avg. (9.8%): 0.49
Key Companies
  • Target
  • Supervalu
  • CHS
  • 3M
  • Medtronic
  • General Mills
Development Trend Indicator: Negative
Divided statehouse stalls progress on tort reform and other business concerns.

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