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America's Top States For Business 2012

#11 Minnesota

Minneapolis, Minnesota
Lawrence Sawyer | Vetta | Getty Images
Minneapolis, Minnesota
Category Score 2012 Rank 2011 Rank
Cost of Doing Business 182 25 23
Workforce 156 31 36
Quality of Life 250 5 8
Infrastructure & Transportation 233 2 15
Economy 176 16 27
Education 143 11 10
Technology & Innovation 135 18 16
Business Friendliness 103 23 20
Access to Capital 71 15 16
Cost of Living 16 35 33
OVERALL 1465 11 7

ECONOMIC PROFILE

Governor: Mark Dayton (D)

Population: 5,344,861

GDP (per capita): $45,822

Number of S&P companies: 19

Top corporate tax rate: 9.80 percent

Top individual tax rate: 7.85 percent

Gasoline taxes/fees: 28.1 cents

Bond Rating/Outlook: Aa1/Negative

SAT scores (average): 1778/2400

Degree Granting Institutions (colleges/universities): 113

Sources: Census Bureau (2011), Standard & Poor's (2012), Tax Foundation (2012), American Petroleum Institute (2012), Bureau Labor Statistics (2011), National Center For Education Statistics (2011), Moody's (2012), CNBC

America's Top States For Business