#11 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
