Benefits of Investing in Minnesota
vibrant businesses, diverse industry, strong labor supply, and quality of life
Minnesota is ranked number 2 overall on the Best States list. The Best States ranking by U.S. News & World Report considers numerous factors with the ultimate aim of determining which states are doing the most for their residents. The state’s economy is an obvious inclusion. Also included in the ranking determination are health care, education, infrastructure, natural environment, and opportunities made available to residents.
Fortune 500 Companies
Home to sixteen Fortune 500 Companies, Minnesota comes in 4th for Fortune 500 Companies per Capita. The majority of the companies are concentrated in the Twin Cities metro area. Minnesota is number 1 for Fortune 500 Companies per Capita among the top 30 metro areas in the United States.
Not all of Minnesota’s leading companies are included on the Fortune 500 list. It only ranks America’s largest corporations by total revenue, non-profit and privately held companies are not included.
Beyond Fortune 500
The largest privately held corporation in the United States, Cargill, has its headquarters in Minnesota. Dairy Queen is another internationally recognized brand with its corporate offices in Minnesota.
Mayo Clinic, a non-profit worldwide leader in medical care, has its largest and original campus in Rochester, MN. Each year, the Rochester May Clinic receives patients from over 140 countries. It is consistently ranked as the #1 overall hospital in the United States by U.S. News & World Report (years ranked number 1: 2016 – 2021).
Industry and Opportunity
A mix of different industries is represented in Minnesota’s leading companies, including manufacturing, retail, medical devices, biosciences, health care, information technology, agriculture, clean energy, and water technology.
Minnesota is ranked 1st Five-Year Business Survival Rate (Bureau of Labor Statistics, 2015-2020)..
Gross State Product
Year Round Destination
Minnesota attracts outdoor enthusiasts and shoppers alike. With over 10,000 lakes, some of the USA’s best bike trails, the boundary waters, and the northern lights draw visitors to Minnesota’s outdoor beauty. Mall of America, the nation’s largest shopping and entertainment destination, is located in Minnesota. It generates nearly $2 billion in economic activity annually for the state of Minnesota. It attracts more than 40 million guests annually; 4 in 10 mall visitors are tourists.
MSP International Airport serves 155 markets, including 27 international markets