A framework for economic growth
Minnesota's economy is strong – but the economy also faces challenges.
Even emerging from the pandemic, Minnesota’s tight labor markets seem poised to return. Slow projected population growth and labor force growth suggest Minnesota’s future job growth will again be constrained.
Much can be done to strengthen Minnesota, and shape and strengthen its economic future.
This summary highlights the Minnesota: 2030 report, which we strongly recommend to readers, businesses and policymakers for the broader depth and full scope it provides.
The decade ahead will be an era of change.
Technology, empowerment and AI/automation will be major drivers. Travel, tourism and hospitality will work to rebound. Food and agriculture will only be more important, and water only more precious. Everywhere digitalization and IoT connectivity will reshape jobs, regions and entire sectors.
Minnesota: 2030 outlines strategies and growth accelerators that could help power stronger economic performance. It details strengths on which to build and hurdles to overcome – with recommendations that could strengthen Minnesota’s economy to 2030 and beyond.
Now the real work begins.
The Minnesota Chamber Foundation will prioritize recommendations, bring together key stakeholders and get to work. Some initiatives might be “one and done” projects, others may lead to greater research and yet other recommendations may include elevating work already underway.
We welcome the discussion and action Minnesota: 2030 will spur – and invite Minnesotans to join us in making Minnesota’s 2030 economy all that it can be. Access the full Minnesota: 2030 report, industry focus chapters and supporting research at mnchamber.com/foundation.