Learn more about relocating or expanding to Minnesota

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

Relocate or Expand to Minnesota - U.S. Industrial Expansion & Relocation Guide for Manufacturing Companies - Learn more about the Minnesota business climate, manufacturer incentives, and advantages of MN communities. Helping decision makers at U.S. manufacturing establishments find new locations to relocate or expand.
Minnesota Business Data*

Minnesota

Population: 5,266,214
Total Labor Force: 2,985,400
Unemployment Rate: 4.7%
Number of Manufacturers: 9,265
Manufacturing Jobs: 449,805
Right to Work: No
Unemp. Ins. Tax: 0.59.4%
 
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 Manufacturing Industries:
(by % of total manufacturing employment)
15% Industrial machinery and equipment
15% Food and kindred products
11% Printing and publishing
11% Instruments and related products
9% Fabricated metal products

Largest Manufacturing Establishments:
(by number of employees)
3M Co. (St. Paul) - 10,100
Thomson Reuters, West Div. (Eagan) - 6,800
IBM Corp. (Rochester) - 5,300
Boston Scientific Corp. (Maple Grove) - 4,100
Cargill, Inc. (Wayzata) - 3,500
 
Counties with the Most Manufacturing Jobs:
Hennepin - 146,720
Ramsey - 59,476
Dakota - 33,353
Anoka - 19,546
Stearns - 17,597

Cities with the Most Manufacturing Jobs:
Minneapolis - 61,191
St. Paul - 45,781
Eden Prairie - 13,758
Eagan - 12,007
Bloomington - 11,408

Manufacturing 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 and businesses to help with your relocation or expansion:

Aitkin Area Chamber Of Commerce
Located at the junction of Highways 210 & 169 in central Minnesota, the Aitkin Area has a vibrant local economy with endless recreational opportunities. This makes it the perfect place to telecommute, expand or start a new business. The Aitkin Area Chamber of Commerce works closely with Aitkin County Growth to assist new & expanding businesses throughout the community.
P.O. Box 127, Aitkin, MN 56431 (Map & Aerial View)
(218) 927-2316
www.aitkin.com


Revering Group LLC-Parkers Prairie Development
Addtl. Email: shorty@midwestinfo.net | The Revering Group is working closely with the city of Parkers Prairie in promoting economic development and is actively recruiting businesses to the community. Start your own business with a brand new building or expand your current operation. Draw skilled, hard working employees from Parkers Prairie and neighboring communities. We can even help with the financing.
P.O. Box 27, Parkers Prairie, MN 56361 (Map & Aerial View)
(218) 639-2300
www.reveringgroup.com




Looking to reach Minnesota manufacturers? Access the Minnesota Manufacturers Database compiled by MNI.



*Manufacturing stats updated on 3/18/2014. All other stats updated on 3/18/2014. Listings updated on 4/24/2014.

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