Family businesses are crucial to the continued success and vibrancy of Minnesota’s economy. They enhance our communities by providing stable and trustworthy services.
A large portion of the national economy is dependent on family businesses; 90% of businesses in the United States are family businesses, and 86% of new jobs in the country are created by family businesses.
Family businesses also generate 49% of our gross domestic product and employ 80% of the U.S. workforce. Cargill, which is headquartered in Minnesota, is the largest family business in the United States.
The continued strength of family businesses is essential to the future prosperity of our state.