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 ’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


J.P. Donlon

J.P. Donlon is Editor Emeritus of Chief Executive magazine.

Share
Published by
J.P. Donlon

Recent Posts

Disaster Is Inevitable. Is Your Business Ready to Survive?

Floods, fires and storms aren't rare—they're relentless. Here's how your business can prepare for what…

1 day ago

Imagining Tomorrow: Ten Trends Redefining The Future Of Strategy

It's no longer about being big; it's about being fast. To thrive in this dynamic…

1 day ago

How Jordan’s Skinny Mixes CEO Fueled Triple-Digit Growth

From sparking viral TikTok trends to landing nationwide retail deals, Tim Snyder is expanding Jordan’s…

1 day ago

It’s Time To Fire Your Legal Team (From Contract Management)

You're paying lawyers $300 to $500 an hour to review contracts that never change, writes…

1 day ago

Employee Engagement: A Big Issue That Requires A Small Approach

Despite the litany of strategies and resources, employee engagement has fallen to an all-time low.…

3 days ago

Compete With Hunger, Not Hours

Focusing on work hours, whether you’re a company or a legislature, is missing the point…

4 days ago