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Gov. Walz announced in September 2021 the Governor’s Council on Economic Expansion, which brings together 15 public and private leaders from across the state to provide recommendations on expanding the economy. Meanwhile, developers are attracting notable ground- breakings and expansions to Minnesota. Silk Road, Amazon and the Mayo Clinic have announced projects in the past year.
Minnesota Investment Fund: Offers up to $1 million to help add new workers and retain high-quality jobs, with a focus on industrial, manufacturing and technolo- gy-related industries.
Minnesota Job Creation Fund: Provides up to $1 million in financial incentives to new and expanding businesses that meet certain job creation and capital investment requirements.
Job Training Incentive Program: Offers grants of up to $200,000 to new or expanding businesses with the purpose of training workers quickly and efficiently.
Launch Minnesota: A series of grants and initiatives designed to accelerate the growth of high-technology startups and foster a statewide network of education, resources and support for innovators.
Greater MSP announced in September 2021 ConnextMSP, a talent network designed to advance racial equality and power economic growth in the region by ensuring young adults of color start their careers on a good foot. It features a growing coalition of more than 40 partners and organizations to help recruit, hire and support professionals of color in the MSP region.
18 Fortune 500 companies are headquartered in the state, including: