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Business Climate

Top Ten in Everything

Minnesota has a strong business climate – with 18 Fortune 500 companies and eight of the nation’s largest private companies. Companies excel across a diversified mix of sectors, including agriculture, manufacturing, retail, medical devices, biosciences, health care, information technology, clean energy and water technology.

Recent Business Climate Rankings

  • 1st in Job Creation Index (Gallup, 2016)
  • 2nd Best State Overall (Politico, 2016)
  • 2nd Best Run State in America (24/7 Wall St., 2016)
  • America's Third Best State for Business (CNBC, 2017)
  • 3rd Best State Overall (U.S. News & World Report, 2017)
  • 3rd in Fortune 500 companies per capita (Fortune, 2016)
  • 5th in Economic Climate (Forbes, 2016)
  • 6th Best Economy (CNBC, 2017)
  • 7th in Largest Private Companies (Forbes, 2016)
  • 7th in Technology and Science Business Strength (Milken Institute 2016 State Technology and Science Index)
  • 10th in 5-year business survival rate (Bureau of Labor Analysis, 2011-2016)


See Locating in Minnesota for details on Minnesota’s business climate; companies; major industries and sectors; comparisons to other states; incentives; regional profiles and more.

Our For Business section will connect you to resources for starting and financing a business, finding workers and export and trade assistance.

Contact Us for help with your business startup, relocation, or expansion needs.

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