#34 Minnesota
#37 in Taxation and Regulation
#18 in Workforce Quality
#32 in Living Environment
Right to Work? ✗
Regional Profile – Midwest
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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
Advantages
Although the results were not necessarily favorable, Minnesota’s Chamber of Commerce conducted a benchmarking survey to take the pulse of issues affecting the economy and business. It now knows what areas need work and that is a great first step.
Challenges
While the state is projecting a budget surplus, corporate and individual tax revenues have already started to slow down, and the government should monitor their spending cautiously to ensure a recession in the state is not forthcoming.
International sales and exports are down 7% from 2015.
Minnesota’s ‘bathroom bill’ is getting flack from locals and constituents.
Key Contacts
Dept. of Trade & Economic Development
Rebecca Yanisch, Commissioner
800-657-3858
1st National Bank Building
332 Minnesota Street, Suite E-200,
St Paul, MN 55101-1351
[email protected]
http://www.budget.state.mn.us/profiles/b22.shtml
CEO Comments
“Other than the taxes and weather, Minnesota is a nice place.”
“I own an S corp business in Minnesota and progressive policies are keeping me from investing more in my Minnesota operations.”
Current Developments
2015 Regional Report: The Midwest
November 13, 2015
6 Inspiring Companies That Are Winning the Fighting with Over-Regulation
January 8, 2016