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America's Top States For Business 2011

#7 Minnesota

Top States 2011: Minnesota

Category
Score
2011 Rank
2010 Rank
Cost of Doing Business 193 23 31
Workforce 142 36 34
Quality of Life 250 8 12
Infrastructure & Transportation 204 15 11
Economy 125 27 5
Education 164 10 9
Technology & Innovation 158 16 16
Business Friendliness 124 20 20
Access to Capital 70 16 19
Cost of Living 18 33 15
OVERALL 1448 7 8

ECONOMIC PROFILE

Governor: Mark Dayton (D)

Population: 5,303,925

GDP (2009 per capita): $44,600

Unemployment rate (May 2011): 6.6 percent

Foreclosure rate (May 2011): One per 829 households

Budget gap (projected 2012): $3.8 billion

Corporate tax rate: 9.8 percent

Largest employers: Target, Best Buy, Supervalue

Sources: US Government, RealtyTrac, Center on Budget & Policy Priorities, Federation of Tax Administrators, Alaska Department of Labor and Workforce Development

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