A research technician prepares human cell samples for vaccine studies in the vaccine research laboratory at the Mayo Clinic medical center in Rochester, Minnesota.
Ariana Lindquist | Bloomberg | Getty Images
| Category | Score | 2018 Rank | 2017 Rank | Grade |
|---|---|---|---|---|
| Workforce | 253 | 16 | 16 | B+ |
| Infrastructure | 255 | 6 | 10 | A- |
| Cost of Doing Business | 131 | 38 | 36 | D+ |
| Economy | 180 | 18 | 6 | B- |
| Quality of Life | 252 | 3 | 3 | A+ |
| Technology & Innovation | 167 | 5 | 5 | A |
| Education | 148 | 5 | 2 | A- |
| Business Friendliness | 72 | 28 | 33 (Tie) | C |
| Access to Capital | 68 | 17 | 16 | B- |
| Cost of Living | 22 | 29 | 31 | C- |
| [[link#105237323#Overall]] | 1548 | 6 | [[link#104395370#3]] | - |
Economic Profile
Governor: Mark Dayton, Democrat
Population: 5,576,606
GDP growth (Q4 2017): 1.5 percent
Unemployment rate (May 2018): 3.1 percent
Top corporate tax rate: 9.8 percent
Top individual income tax rate: 9.85 percent
Gasoline tax: 28.60 cents/gallon
Bond rating (Moody's/S&P): Aa1, stable/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
