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CEO Guide to Site Selection

Minnesota

EXPORTING GROWTH

Minnesota’s exports were up 17 percent in the second quarter of 2024 compared with the same period of 2023, a growing rate topping the national average of 5 percent. The greatest export growth was to Canada and Mexico, primarily driven by vehicles, plastics and food products. Meanwhile, there are new announcements in tech. Meta announced in March 2024 that it will build an $800 million data center and create 1,000 jobs in Rosemount. Polar Semiconductor also announced in May a $525 million expansion and 160 new jobs in Bloomington. It was the first major CHIPS investment for a member of the Minnesota CHIPS Coalition, a group of more than 70 organizations in the state working together to supercharge the state’s robust semiconductor industry. The coalition aims to make the state a top-10 leader in the region for semiconductor learning, development and manufacturing. Minnesota is one of only a few states in the country with an existing semiconductor value chain, and companies already annually export more than $1.2 billion in semiconductor-related components.

“With a strong job market, families earn more, save more and are able to dedicate more time to their families…. We don’t just create jobs in Minnesota—we create good jobs that pay welland provide benefits and offer protections. That has always been our guiding principle, and I am glad to see that effort reflected in data.”
Tim Walz
Governor

TAXES

0 %

top corporate income tax

# 0

on the Tax Foundation’s State Business Tax Climate Index ranking

EDUCATION

0 %

of adults 25 years of age and older graduated high school

0 %

of adults age 25 and older have a bachelor’s degree or higher

UNEMPLOYMENT RATE

0 %

RIGHT TO WORK STATE

No

QUALITY OF LIFE

# 0

POPULATION GROWTH

0 %

increase between 2020 and 2023

KEY INCENTIVES

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 technology-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.

EDCs

Minnesota Department of Employment and Economic Development
mn.gov/deed

Minneapolis St. Paul Regional Economic Development Partnership
greatermsp.org

Rochester Area Economic Development, Inc.
raedi.com

Duluth Economic Development Authority
dulutheda.org

HIGHLIGHTED PROGRAM OR INITIATIVE

The Clean Economy Equitable Workforce Initiative is a
workforce development program focused on preparing
BIPOC for good-paying construction-related jobs in the
clean energy sector. An initial $3 million investment
in 2024 was allowed to connect community organizations with statewide construction apprenticeship
programs.

BIG DEALS

  • Meta announced in March 2024 that it will build an $800 million data center and create 100 jobs in Rosemount.
  • Polar Semiconductor announced in May 2024 a $525 million expansion and 160 new jobs at its Bloomington manufacturing facility.
  • Climate technology company Solugen announced in June 2024 it will build a $213 million biomanufacturing facility in Marshall. The project is expected to
    create 56 jobs.
  • Leading global healthcare company Solventum announced in October 2024 a $200 million expansion and an estimated 2,000 jobs in Eagan.

BIG COMPANIES

Seventeen Fortune 500 companies headquartered in state, including:

  • 3M
  • Ameriprise Financial
  • C.H. Robinson Worldwide
  • CHS
  • Ecolab
  • General Mills
  • Land O’Lakes
  • Target
  • U.S. Bancorp
  • UnitedHealth Group
Roundtable

Strategic Planning Workshop

1:00 - 5:00 pm

Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

Executives expressed frustration with their current strategic planning process. Issues include:

  1. Lack of systematic approach (70%)
  2. Laundry lists without prioritization (68%)
  3. Decisions based on personalities rather than facts and information (65%)

 

Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

Women in Leadership Seminar and Peer Discussion

2:00 - 5:00 pm

Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

Limited space available.

To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

Golf Outing

10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS

General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.