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Expand or Relocate to Minnesota
      

Minnesota Business Data

Relocate or Expand to Minnesota

MN business climate, manufacturer incentives, and advantages of local communities

Business Data for Minnesota


Population
5,266,214

Total Labor Force
3,069,155

Unemployment Rate
3.7%

# Manufacturers
8,576

Manufacturing Jobs
454,020

Right to Work
No

Unemp. Insurance Tax
0.5–9.4%


Manufacturing stats updated on 11/13/2017. All other data updated on 11/13/2017. IndustryNet is not responsible for errors or omissions.
 
Corporate Income Tax
9.80%

Sales Tax
6.875%. Exemptions include: Capital Equipment Purchases.

Property Tax
Assessed at 100% of market value as determined by annual State Department of Revenue Sale Surveys. All properties are valued annually. Exemptions include: Pollution control equipment.

Leading Mfg. Industries
(by # of employees)
15% Food and kindred products
15% Industrial machinery and equipment
10% Instruments and related products
10% Printing and publishing
10% Fabricated metal products

Largest Mfg. Employers
(by # of employees)
3M Co. (St. Paul) - 10,100
Thomson Reuters, Core Publishing Solutions (Eagan) - 6,700
IBM Corp. (Rochester) - 5,300
Boston Scientific Corp. (Maple Grove) - 4,500
Cargill, Inc. (Wayzata) - 3,500
 
Counties with the Most Mfg. Jobs
Hennepin - 152,298
Ramsey - 59,437
Dakota - 34,649
Anoka - 20,010
Stearns - 18,799

Cities with the Most Mfg. Jobs
Minneapolis - 64,987
St. Paul - 42,930
Bloomington - 13,032
Eden Prairie - 12,815
Rochester - 12,093

Mfg. Related Business Incentives
• Work Opportunity Tax Credit
• Job Opportunity Building Zones (JOBZ) Tax-Free Development Program
• State Small Business Credit Initiative
• Minnesota Investment Fund
• Urban Initiative Loan Program
• Border Cities Enterprise Zone Program
• SEED Capital Investment Credit Program
• Research & Development Tax Credit
• Tax Increment Financing (TIF)
• Small Business Development Loan Program
• Foreign Trade Zones
• Angel Tax Credit
• RAIN Source Capital (for "Green" investments)
• DEED Business Financing Programs
• Minnesota Federal Bonding Service

Economic development agencies, chambers of commerce, and other organizations & businesses available to assist with your relocation to or from Minnesota

Topeka, KS
Striving to recruit new business & help companies expand in Kansas
Are you an economic development agency, chamber of commerce, or other organization in the business of helping companies relocate or expand? List your organization here and connect with growing businesses!
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