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Inward Investment Guides

Regional Report: Advanced Industry Clusters Fueling Growth in the Midwest States

Mark Crawford (Directory 2015)
Economic growth in the Midwest was steady in 2014, thanks to solid performances by the agriculture and manufacturing sectors, especially transportation equipment. The economy also got a boost from the surging energy sector, led by oil-shale production in Ohio, which improved sales for supporting industries like sand, chemicals, and steel drill pipe made in Midwestern steel plants. More

Critical Site Selection Factor #9: Low Union Profile - Unions Still a “No-Go” Factor for Many

Dale D. Buss, Staff Editor,  (Q4 2014)
Having a low union profile ranked as slightly more important in Area Development’s latest Corporate Survey, up one position to #9. But in a similarly incremental sense, U.S. unions overall actually may have gained some ground over the last year. More

Revolutionary Advances in Life Sciences amid Industry Disruption and Uncertainty

Mark Crawford (Q4 2014)
Major economic, social, and regulatory factors are having big impacts on the life sciences and medical device industries, representing an opportunity for innovative companies to become new leaders and gain market share. More

The Regional Impact of Quality of Life on Entrepreneurial Decisions

Dan White, Moody's Analytics (Q2 2014)
One of the most often cited reasons for the location of a new business is quality of life, yet it is one of the areas policymakers most often overlook. More

Minnesota Direct Financial Incentives 2014

Area Development Online Research Desk (Q1 2014)
Minnesota's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

Regional Report: Slow But Steady Economic Climb for the Midwest

 (Directory 2014)
You’re not likely to find explosive growth in the Midwest, but the region’s economy is advancing at a healthy, steady pace with strategic plans to enhance investment in place. More

Tech Incubators’ Outsized Impact on Innovation and Job Creation

Area Development Online Research Desk (Q4 / Fall 2013)
The ecosystems created by high-tech incubators popping up all over North America have become true job-creation drivers, attracting attention from CEOs for their distinctively collaborative workplace culture that drives innovation and growth. More

Criteria for Selecting a High-Tech Cluster

Amber Schiada, Research Manager, Markets, Jones Lang LaSalle (Q4 / Fall 2013)
Companies locating in “tech-friendly” communities can find the foundation for their success, while also helping the local economy to grow — a win-win situation all around. More

MINNESOTA at a glance

POPULATION: 5,344,861 (2011)

LABOR FORCE: 2,991,372 (August 2012)


TRADITIONAL INDUSTRIES:Health services, medical product manufacturing, computer and electronic product manufacturing, food processing, industrial machinery manufacturing

EXPANDING INDUSTRIES: Health services, educational services, medical equipment manufacturing, bioscience, biofuel manufacturing, scientific instrument manufacturing, finance and insurance

COLLEGE GRADUATES: (Age 25 and over) 32.4% (2011)

Corporate Income Tax: Corporations' rate is 9.8 percent with a three-factor apportionment formula of 93 percent sales, 3.5 percent property, and 3.5 percent payroll; after 2012: 96-2-2 (sales, property, payroll); after 2013, one-factor sales formula (100-sales)

Sales and Use Tax: The general sales and use tax rate is 6.875 Minnesota refunds sales tax paid on capital equipment used in manufacturing. Exemptions include fees for equipment and installation repair, most services, utilities, chemicals, and gases used in industrial production.

Property Tax: Personal property, including machinery and inventory, is exempt from property tax; as well as personal property used for control of air, water, or land pollution including heavy machinery that would be considered real property otherwise. Local governments tax all real property not specifically exempted; each property's assessed value is multiplied by 1.5 percent for the first $150,000 of value and 2 percent of any value over $150,000; this new value, or tax capacity, is multiplied by the local and state property tax rates plus any local referendum rate to determine property tax liability.

Job Opportunity Building Zones — JOBZ (tax-free areas)

Minnesota Investment Fund Program

Minnesota Job Skills Partnerships

Data center sales tax exemptions

Principal Manufacturing industries

  • Computer & Electronic Products
  • Food Products
  • Fabricated Metal Products
  • Machinery
  • Printing & Related Support Activities
  • Plastics & Rubber Products
  • Paper Products
  • Wood Products
  • Transportation Equipment
  • Chemical Products
  • Other Manufacturing Industries