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Minnesota Sixth in CNBC's "Top States for Business"

State climbed nine spots from 2013 ranking

June 25, 2014

Madeline Koch, 651-259-7236
Madeline.Koch@state.mn.us

ST. PAUL – Minnesota ranked sixth in CNBC’s eighth annual “America’s Top States for Business,” climbing from 15th place in the same rankings a year ago, according to results that were released today.

The business news TV network said it ranked states on 56 measures of competitiveness, based on input from business groups, economic development experts, companies and the states themselves. Those 56 measures were then separated into 10 broad categories that were used to determine the rankings.

Among states that border Minnesota, North Dakota was 10th, South Dakota was 11th, Iowa was 12th and Wisconsin was 17th. Georgia finished first in the study, followed by Texas, Utah, Nebraska and North Carolina.

“The CNBC study adds to the growing evidence that Minnesota is a great place to do business,” said Commissioner Katie Clark Sieben of the Minnesota Department of Employment and Economic Development (DEED). “This study recognizes our strong business climate, which is driving job growth and business expansions statewide.”

In the 10 broad categories, Minnesota ranked high in overall economy (fifth), infrastructure (fifth), quality of life (fourth), access to capital (11th), and technology and innovation (11th).

DEED is the state’s principal economic development agency, promoting business recruitment, expansion and retention, workforce development, international trade and community development. For more details about the agency and our services, visit us at http://mn.gov/deed/ . Follow us on Twitter at twitter.com/mndeed .

 

 

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Upon request, this information can be made available in alternate formats for people with disabilities by contacting the DEED Communications Office at 651-259-7161.