Thriving Minnesota Ranked 8th Best State for Business
ST. PAUL, MINN. – Minnesota’s exceptional quality of life and its highly educated workforce have led Forbes to name it the 8th best state to do business in, according to the magazine’s “2013 List of the Best States for Business.” Certain cities and regions throughout the state have helped increase the state’s ranking including the Twin Ports.
According to AAR Aircraft Services, a global commercial aviation and defense contractor that’s new to the Duluth area, business is doing even better than expected and hiring is soaring sky high. The company recently announced they have surpassed their initial hiring goal of 225 full-time permanent workers. Late last month the company said it’s currently employing 276 workers with 40 more positions to fill.
Senator Roger Reinert (DFL-Duluth) says AAR is just one example of businesses thriving thanks to our state’s improving business conditions.
“The Forbes ranking shows that Minnesota is a state full of highly educated workers who enjoy a spectacular quality of life. This is great news for Duluth and for greater Minnesota in general,” Sen. Reinert said.
Forbes used multiple data points from each state and combined them into six broad categories, business costs, labor supply, regulatory environment, economic climate, growth prospects and quality of life. Minnesota was ranked so highly because of the state’s improved economic outlook, high level of high school graduates (92.5%), numerous large corporations and its high scores on quality of life measurements.
In contrast, Wisconsin ranked near the bottom of Forbes list as the 41st best state for business.