Taxes continue to be a top issue for the business community at the Capitol. Minnesota’s been among the highest-taxed states for years, yet the Legislature continues to look to propose business tax increases that make us less affordable.
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...