Minnesota Economic Development
Minnesota’s economy is highly diverse and vibrant. The state is home to 5.5 million people, the world renowned Mayo Clinic in Rochester, as well as 18 Fortune 500 companies, including General Mills, 3M, Target, Medtronic, Best Buy, US Bancorp and Land O’ Lakes. Minnesota not only offers a rich quality of life, but is also abound in economic growth with major industry sectors in bioscience, health-care services, advanced manufacturing, financial services, clean energy and data centers. The state is a hub of innovation that includes the University of Minnesota, which offers more than 300 interdisciplinary research centers, institutes and programs.
Minnesota creates the ideal environment to ignite new opportunities
Strong financial services yield innovative new companies
Minnesota creates the ideal climate to draw talent and newcomers.
Active lifestyles are as big as all outdoors in Minnesota
A pipeline of skilled talent propels Minnesota's advanced manufacturing sector
Sports, arts and outdoors combine to put tourism spotlight on the state
A network of resources, wealth of talent, access to capital fuel entrepreneurial growth
Minnesota companies are on the front lines of the IoT revolution
Law changes lift the spirits of breweries, wineries and distilleries in Minnesota
Minnesota cements status as national leader in bioscience research and discovery
Agriculture and food production is a major staple of the Minnesota economy