| Category | Score | 2014 Rank | 2013 Rank |
|---|---|---|---|
| Cost of Doing Business | 165 | 38 | 39 |
| Workforce | 137 | (Tie) 30 | 32 |
| Quality of Life | 229 | 4 | 3 |
| Infrastructure & Transportation | 244 | 5 | 8 |
| Economy | 290 | 5 | 10 |
| Education | 95 | (Tie) 12 | 23 |
| Technology & Innovation | 225 | 11 | 18 |
| Business Friendliness | 138 | 15 | 15 |
| Cost of Living | 23 | 28 | 34 |
| Access to Capital | 20 | (Tie) 11 | 17 |
| Overall | 1566 | 6 | 15 |
Economic Profile
Governor: Mark Dayton, Democrat
Population: 5,420,380
GDP growth: 2.8 percent
Unemployment rate (May 2014): 4.7 percent
Top corporate tax rate: 9.8 percent
Top individual income tax rate: 9.85 percent
Gasoline tax: 47 percent
Bond rating/outlook: Aa1/stable
Major private employer: Mayo Foundation
Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Minnesota FY 2013 CAFR
