2019 Business Benchmarks highlight growth and challenges
The 2019 Business Benchmarks report was released today at the Minnesota Chamber’s Annual Meeting. This annual report compiles key indicators that define our business climate – where Minnesota ranks compared with other states – to identify the state’s strengths as well as areas for improvement for Minnesota to compete in the global economy. Comprehensive, objective data were compiled from sources such as state and federal agencies.
Key findings include:
- Innovation remains a strength of the state’s homegrown economy.
- Minnesota’s economy is growing but at a slower pace compared with many other states.
- Minnesota saw a slight improvement in tax rankings, but it still is in the five highest tax rates for both corporate and individual taxes.
- Minnesota continues to make progress in infrastructure improvements – an important factor in the ability to compete in a global marketplace.
Also highlighted in this year's report are stories from Chamber members - business people who work to create jobs and grow the economy every day. Read their perspective on our economic data and how Minnesota can increase its competitiveness long into the future.