2019 Business Benchmarks highlight growth and challenges
The 2019 Business Benchmarks report was released today at the Minnesota Chamber’s Annual Meeting. This annual report compiles key indicators that define our business climate – where Minnesota ranks compared with other states – to identify the state’s strengths as well as areas for improvement for Minnesota to compete in the global economy. Comprehensive, objective data were compiled from sources such as state and federal agencies.
Key findings include:
- Innovation remains a strength of the state’s homegrown economy.
- Minnesota’s economy is growing but at a slower pace compared with many other states.
- Minnesota saw a slight improvement in tax rankings, but it still is in the five highest tax rates for both corporate and individual taxes.
- Minnesota continues to make progress in infrastructure improvements – an important factor in the ability to compete in a global marketplace.
Also highlighted in this year's report are stories from Chamber members - business people who work to create jobs and grow the economy every day. Read their perspective on our economic data and how Minnesota can increase its competitiveness long into the future.
Recommended Articles
We have some exciting news to share. As noted in previous podcasts, the Chamber was engaged in litigation against the...
Canada and Mexico have long been key markets for Minnesota businesses, and their importance to the state's economy has only...
The Minnesota Chamber Foundation thrives with the support of dedicated volunteer leaders. Read below to learn more about these leaders...
While our focus here at the Chamber remains on legislative matters at the state capitol, I want to take time...