Minnesota ranked 3rd on Top States for Business list « Back to Search Results

Minnesota is the third best state for business, according to CNBC’s annual “America’s Top States for Business” rankings. The North Star State got high marks for education and quality of life, ranking second overall in each.

"The credit for our state's continued economic success belongs to the people of Minnesota. I thank the hardworking Minnesotans and business owners who have made Minnesota home to their families, innovative companies and a great quality of life," Gov. Mark Dayton said in a statement. "By continuing to support excellent educations and a world-class workforce, we can create even better opportunities for Minnesota businesses and families."

The rankings are determined by 66 metrics, according to CNBC. These metrics fall into one of 10 categories: workforce, infrastructure, cost of doing business, economy, quality of life, technology and innovation, education, business friendliness, access to capital and cost of living.

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Elk River Energy Recovery Station converts refuse-derived fuel to electricity, helping to meet Minnesota’s Renewable Energy Standard.