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Minnesota Momentum: The Nation is Taking Notice

Posted on July 03, 2014 at 5:03 PM
Tags: unemployment, small businesses, jobs, news, workforce

While the national economy still isn't firing on all cylinders, the engine is really revving up in Minnesota. Lots of good things are happening, and business pundits, economic analysts and list makers from around the country are taking notice. Here are just a few of the recent accolades that have come our way.

Awards Infographic

Something's Really Working

Let's start in the Twin Cities, where the unemployment rate of just 4 percent is the lowest in the nation for major metropolitan areas, according to the U.S. Bureau of Labor Statistics. News from around the state is just as good - and in some cases even better. St. Cloud's unemployment rate is 4 percent; Mankato's rate is 3.4 percent; and Rochester's is 3.7 percent.

DEED Commissioner Katie Clark Sieben credit's Minnesota's diverse economy. "That's why we weathered the recession far better than many other states," says Sieben. "And that's why we're seeing significant job growth across the state." See more.

Some Cool News About Our Hot Business Climate

A new report by accounting and analysis firm KPMG International heaps accolades on the Twin Cities for favorable business tax treatment and research and development advantages. The report ranks the Twin Cities 2nd in the nation and 8th in the world as a great place for companies that do a lot of research, and 8th in nation and 17th in the world for overall business tax climate. See more.

A new national survey by Thumbtack.com ranks Minnesota 5th in the nation as a top place to grow or start a small business. The national survey of more than 12,000 entrepreneurs also ranks Minneapolis 11th for its small business climate. See more.

Minnesota ranks 6th in CNBC's eighth annual "America's Top States for Business" index. The business news TV network based its rankings on 56 measures of competitiveness across 10 broad categories. See more.

Top Talent, Infrastructure, and Performance

Minnesota ranks 2nd in the nation for its talent pipeline, 7th for infrastructure and 10th for overall economic performance in the U.S. Chamber of Commerce Foundation's 2014 Enterprising States Study, which examines five factors crucial for economic growth and prosperity. See more

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