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Minnsights Blog

  • Economic contributions through entrepreneurship

    Mar 22, 2021
    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.