#38 Minnesota
3.53 out of 10 in Taxation and Regulation
7.13 out of 10 in Workforce Quality
6.56 out of 10 in Living Environment
Right to Work? ✗
State Profile
The Minnesota Department of Transportation in March awarded $23.7M in grants to 23 transit providers across the state, to help improve the reliability, frequency and service of their transit systems. The North Star State currently has 44 transit systems serving all 80 counties, with transit ridership in rural areas increasing 12.6% between 2010 and 2014.
Key Industries
Exporting; High-Tech; Tourism
Key Companies
3M
Ameriprise
Best Buy
Cloud Peak Energy
Great Lakes Aviation
Hormel
Land O’ Lakes
Mosaic
St. Jude
Super Valu
Target
Key Contacts
Minnesota Department of Employment and Economic Development
Shawntera Hardy, Commissioner
1st National Bank Building
332 Minnesota Street, Suite E200
Saint Paul, MN 55101
651-259-7114
[email protected]
https:/mn.gov/deed/
CEO Comments
“Minnesota may have larger taxes than many states, but it has a very diverse economy that helps the state and region suffer less on the downturns. It is the host of 17 Fortune 500 companies; not bad for a state of their population size.”
“Minnesota’s Governor Dayton is responsible for income and estate taxes that are the highest in the USA. His assets are all maintained in South Dakota trusts free of Minnesota state income and estate taxes. He has done everything in his power to increase Minnesota’s taxes on business and worker’s income.”
Current Developments
YOU MIGHT ALSO BE INTERESTED IN…
- Advertisement -
- Advertisement -
FEATURED CONTENT
New Poll: CEOs Find Challenges In Using Customer Data To Drive Innovation
Ability to harness and sort through data for meaningful insights remains a hurdle, many say. “The key is...finding what is actually relevant.”
SUBSCRIBE TO CHIEF EXECUTIVE
Sign Up to Receive Chief Executive Magazine
Chief Executive’s publications are designed to help CEOs do their jobs better and run their businesses more effectively. Subscribe here.
CEO CONFIDENCE INDEX
In Poll, Majority of CEOs Say Hybrid Work Is Here to Stay for 2022. Full Virtual? Not so Much
Almost all the CEOs we surveyed in May say they will work in at least partially hybrid mode for the rest of the year—versus just 7 percent who said they'd be fully remote.