The creation of a thousand forests is in one acorn. – Ralph Waldo Emerson
From big names like U.S Bank, Target, Best Buy, and 3M to the local small businesses that are the life blood of our economy, you’re business will find a welcome home in Saint Paul and surrounding suburbs.
5 reasons to start a business in Minnesota right now!
1. Technology & Innovation
Scotch tape, masking tape, the stapler, and countless other inventions have came from the wits of Minnesotans. If you’re ready for the next step, the largest statewide startup competition MN CUP is waiting to hear from you.
2. Minnesota’s educated workforce
An educated workforce is a productive workforce. 92 percent of Minnesotans have a high school diploma and over 33 percent hold a bachelor’s degree, making Minnesota one of the highest educated states in the country.
3. A diverse economy
Home to 17 fortune 500 companies, Minnesota ranks 2nd by that metric per capita while unemployment rate is consistently 2-3 points below the national average. Only 3 percent in the twin cities metro area according to recent statistics.
4. Access to funding
In 2014, over 1,700 small businesses received over half a Billion dollars in startup capitol from the states Small Business Administration, ranking Minnesota 10th in SBA backed loans.
5. Quality of life in Minnesota
Clean water, fresh air, low pollution, and an abundance of lakes, rivers, and parks in between make Saint Paul ‘The Most Livable City in America’.