Minnesota is a Top Ten State for Business, CNBC Study Says

(KNSI) – CNBC is calling Minnesota the nation’s seventh-best state for business in 2021.

The news network used 85 different metrics to evaluate how well each state excels in supporting businesses and their workers.

Minnesota scores high in several categories, ranking fourth in the country for life, health and inclusion; fourth for technology and innovation and fifth for education.

The North Star State is also 14th in access to capital and 12th for infrastructure.

Compared to other states, Minnesota isn’t the most cost-effective state to run a business in (42nd), but it is more middle-of-the-road for its cost of living (30th).

Here’s how Minnesota places in all of the study’s categories:

4th— life, health and inclusion
4th — technology and innovation
5th— education
12th — infrastructure
14th — access to capital
18th — economy
28th — business friendliness
29th — workforce
30th — cost of living
42nd — cost of doing business

As for Minnesota’s neighbors, North Dakota is the 18th top state for business in the nation, followed by Iowa and Wisconsin in the No. 20 and 21 spots. South Dakota is ranked 29th.

Virginia, North Carolina and Utah are CNBC’s best states for business this year.

Minnesota is home to 18 Fortune 500 businesses, including 3M, Target Corp., Hormel Foods, Best Buy and UnitedHealth Group.

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