CNBC Ranks Minnesota #1 Top State for Business
ST. PAUL, Minn. – In a surprise announcement unveiled Wednesday afternoon, CNBC ranked Minnesota the top state in the nation for business, up from number six just last year. The cable news network used 10 categories to rank states, with the workforce coming in as the biggest factor, followed by the cost of doing business and the strength of each state’s economy – all factors Minnesota has been consistently ranked high in. For a legislator born and raised here, the good news comes as a comforting pat on the back to Senate Jobs and Economic Development Chair, Sen. David Tomassoni (DFL-Chisholm).
“Minnesota’s educated workforce and our work ethic is a source of pride, and a big reason businesses move to and thrive in Minnesota. Over the years I’ve tried to help through the Department of Employment and Economic Development and the IRRRB to foster our hard working and fast growing population. We’ve got millions of talented individuals who love it here, so they stay here, and they create businesses here.”
“It’s truly an honor to be ranked the Top State for Business by CNBC, and I’m so proud to be from Minnesota. While the Range isn’t the economically healthiest right now – I strive to extend these benefits to all Minnesotans,” said Sen. Tomassoni.
For the first time since CNBC has begun ranking states our North Star state has won the honor; past winners have been Texas, Virginia and Georgia. Among the other factors that go into the final decision include technology and innovation, quality of life and the cost of living – and after winning awards like the healthiest state for seniors and Minneapolis as the best biking city in the country – the clues to our state’s success become clearer.