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      Minnesota: a great place to do business

      Posted on May 08, 2012 at 1:55 PM

      In a recent Pioneer Press editorial, Commissioner of Revenue Myron Frans writes that "The primary concern for state policy makers and business leaders should be our state's overall business climate and economic prosperity.”

      Minnesota ranks among the top places to do business in several studies, including:

      • The greater Minneapolis-St. Paul region is the 12th-best market in the U.S. for small business creation and growth, in a study by the Business Journal (2011).

      • Health care start-ups in Minnesota raised $88.3 million in investment during the first half of 2011 - more than any other state - according to a study by BioEnterprise.

      • Minnesota ranks 4th in the Midwest in venture capital funding for life-sciences start-ups, according a 2010 survey by BioEnterprise.

      • Minnesota ranks 5th in the The Beacon Hill Institute's most recent State Competitiveness Report (2010).

      • Minnesota places 7th in CNBC's annual ranking of the Top Places To Do Business.

      In addition, Minnesota has been ranked among the top five states nationwide in the 2010 Camelot Index, according to the State Policy Reports, based on our economy, health, education, crime, society and government. Minnesota has a strong economic foundation, and a quality of life that makes it an attractive place to live and do business.