ST. PAUL, MINN. – Minnesota’s exceptional quality of life and its highly educated workforce helped land it the spot of 8th best state to do business in according to, “Forbes 2013 List of the Best States for Business.” DFL policies that support education and a healthy lifestyle — like our health care exchange MNsure, were directly linked to our ranking – which jumped 12 spots from just a year ago.
Senator John Hoffman representing Champlin, Coon Rapids and Brooklyn Park said the ranking proves that, “Minnesota’s economy is on the move again. Minnesotans have acted on the most recent legislature’s productivity. Just two years ago the Minnesota government was shut down by GOP leadership and mired in gridlock. Under new DFL leadership we have gone from a shutdown to the 8th best place in the nation to do business.”
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.
“Forbes rankings show that improving the workforce is more closely related to future economic growth than lowering business costs – Minnesotans can be proud of our state’s increased investment in education which means we’re poised for even greater things to come. Our confidence is back,” Hoffman said.
In contrast Wisconsin, the state that markets itself as, “open for business” ranked near the bottom at 41st best state for business.