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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

Top States For Business 2012

Top States For Business 2013

Top States For Business 2011