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Many factors contribute to the health of a state’s economy – quality of talent, diversity of <br />industry, stability of the business climate and overall culture. Minnesota continues to excel <br />in economic growth, quality of life and factors that allow our citizens to prosper. <br />LET’S GET DOWN TO BUSINESS <br />Minnesota has the third best five-year survival rate for new businesses (Bureau of <br />Labor Statistics, 2013-2018). Why? A strong business ecosystem, stable policies <br />and strategies across a spectrum of resources to nurture and grow business. We grow <br />businesses and we grow them big. We have 17 Fortune 500 headquartered companies, <br />including familiar names such as 3M, Target, and General Mills. <br />Minnesota has been ranked 11 times among the Top 10 States for Business by CNBC <br />between 2007-2019, including 1st in 2015 and 3rd in 2017. <br />We are fortunate to have a diverse economy – from aerospace, agriculture, mining, <br />medical devices, and health care technology to fintech, data centers, and composite <br />materials to next generation sensors, advanced glass technology, and retail technology. <br />This diversity allows stability and strength that provides our businesses the opportunity <br />for growth and collaboration and that gives our talented workforce career choices – so <br />they can stay in Minnesota and thrive. <br />The backbone of this success is not based on one asset, but multiple interconnected <br />advantages in education, infrastructure, talent, financial stability and quality of life. <br />Our education system consistently ranks among the best in the U.S. for quality and <br />output of talent; we rank third in education (CNBC, 2019) and are tied for first in the <br />percentage of people with high school degrees. We are blessed with the best airport <br />(MSP International) of its size in North America (identified by the OAG Aviation <br />Group, Air Transportation Research Society and Airports Council International). Our <br />state budgets are sound and balanced (and have been for 11 years), and Minnesota is <br />ranked among the top three states in Quality of Life by U.S. News & World Report, <br />Forbes, and CNBC. <br />These combined factors generate an environment and ecosystem that offer businesses <br />the best chance to succeed. We welcome the opportunity to assist you and your clients <br />in the growth of their businesses.