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ChiefExecutive.net

#34 Minnesota

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#37 in Taxation and Regulation

#18 in Workforce Quality

#32 in Living Environment

Right to Work? ✗

Regional Profile – Midwest

STATE	OVERALL REGIONAL RANK	TAXATION & REGULATION REGIONAL RANK	WORKFORCE QUALITY REGIONAL RANK	LIVING ENVIRONMENT REGIONAL RANK
Illinois	12	12	12	12
Indiana	1	3	2	2
Iowa	4	5	3	4
Kansas	7	6	9	8
Michigan	11	10	10	10
Minnesota	10	11	6	7
Missouri	9	8	11	6
Nebraska	8	4	1	1
North Dakota	6	2	8	11
Ohio	2	7	4	5
South Dakota	5	1	7	9
Wisconsin	3	9	5	3

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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
Economic.Development@state.mn.us
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

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© 2019 | ChiefExecutive.net | Chief Executive Group

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