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| Category | Score | 2019 Rank | 2018 Rank | Grade |
|---|---|---|---|---|
| Workforce | 278 | 13 | 16 | B- |
| Economy | 216 | 23 | 18 | B- |
| Infrastructure | 215 | 9 | 6 | A- |
| Cost of Doing Business | 128 | 39 | 38 | D+ |
| Quality of Life | 259 | 3 | 3 | A- |
| Education | 128 | 3 | 5 | A+ |
| Technology & Innovation | 127 | 7 | 5 | A- |
| Business Friendliness | 83 | 28 | 28 | C |
| Access to Capital | 52 | 17 | 17 | B |
| Cost of Living | 20 | 31 | 29 | D+ |
| [[link#105237323#Overall]] | 1506 | 7 | 6 | - |
Economic Profile
Governor: Tim Walz, Democrat
Population: 5,611,179
GDP growth (Q4 2018): 1.1%
Unemployment rate (May 2019): 3.3%
Top corporate tax rate: 9.8%
Top individual income tax rate: 9.85%
Gasoline tax: 28.60 cents/gallon
Bond rating (Moody's/S&P): Aa1, stable/AAA, 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
