George Kavallines | CNBC
| Category | Score | 2017 Rank | 2016 Rank |
|---|---|---|---|
| Workforce | 303 | 16 | 15 |
| Infrastructure | 211 | 10 | 5 |
| Cost of Doing Business | 147 | 36 | 35 |
| Economy | 234 | 6 | 17 |
| Quality of Life | 244 | 3 | 2 |
| Technology & Innovation | 170 | 5 | 9 |
| Education | 156 | 2 | 2 |
| Business Friendliness | 61 | 33 (Tie) | 27 (Tie) |
| Access to Capital | 69 | 16 | 21 |
| Cost of Living | 20 | 31 | 27 |
| [[link#104545209#Overall]] | 1615 | 3 | [[link#103354867#4]] |
Economic Profile
Governor: Mark Dayton, Democrat
Population: 5,519,952
GDP growth (Q4 2016): 1.7 percent
Unemployment rate (May 2017): 3.7 percent
Top corporate tax rate: 9.8 percent
Top individual income tax rate: 9.85 percent
Gasoline tax: 28.60 cents/gallon
Bond rating/outlook (Moody's, S&P): Aa1, AA+ stable
Major private employers: Mayo Clinic, UnitedHealth Group
Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
