The latest Business Benchmarks report from the Minnesota Chamber of Commerce offers a comprehensive overview of the state’s economy. This report presents economic data in an easy-to-read format, making it accessible to business professionals.
The report highlights both strengths and challenges facing the state’s economy. Among the strengths are Minnesota’s long-term economic stability, a favorable cost of living, a strong legacy of innovation, improvements in infrastructure, and a recovering labor force. On the other hand, challenges include slow economic growth, high taxes and regulations, increasing costs of doing business, and negative net domestic migration.
Despite these strengths, the report suggests that they have not translated into meaningful economic growth for the state. This contradicts some of the positive aspects presented in the report.
To access the full report and gain valuable insights into Minnesota’s current economic landscape, please click on this link.