Minnsights Blog

Minnesota’s demographics are shifting and the population is quickly aging.2 According to the State Demographer, deaths will outnumber births by the early 2040s.3 For Minnesota to experience meaningful population growth in the future, it will need to come from migration to the state.

There are a number of ways to analyze the economic and multidimensional contributions of immigrants to the development of Minnesota’s economy. In this analysis, immigrants’ impacts are measured by their role in the economy as consumers, sources of human capital, taxpayers, entrepreneurs and by facilitating connections to global markets.

Among the key characteristics of Minnesota’s economy are its industrial diversity and large number of homegrown enterprises, i.e. businesses that start, succeed and grow in the state. Fueling these characteristics are high-quality native-born and immigrant entrepreneurs and workers. The rate of entrepreneurship—whether native-born or immigrant—is modest relative to other states, but their businesses survive at a rate that’s among the highest. Workforce participation rates by native-born and immigrant Minnesotans alike are also high-ranking.

Find your community on this list, and apply for valuable resources to keep your company operating. If you don’t see your community on this list, email mail@mnchamber.com, and Grow Minnesota! staff will get back to you with details about your area.

The Minnesota Chamber announced Wednesday, March 10, new opportunities for businesses to grow and receive economic development and assistance through its Grow Minnesota!® program. For more than 15 years, this program has offered one-on-one assistance to businesses who want to stay and grow throughout the state.