How Minnesota became the Land of 10,000 Startups
Friday, December 07, 2018
Minnesota is no stranger to big business. It’s home to such names as Target, Best Buy, General Mills, and Ecolab — all of which have made their homes in Minnesota for generations and have become a source of pride. But a new industry — technology — is taking Minnesota by storm, boosting the local economy and putting the state on the global map once again.
Minnesota has long been known for its high standard of living, agriculture industry, and flourishing community of performing arts. But over the past decade the Twin Cities area has made great strides to become a forward-thinking place for startups, small businesses, and entrepreneurs.
The number of tech businesses in Minnesota has grown exponentially since 2010, adding more than 500 startups since 2015 alone. Following the charge, venture capitalists now invest more than $200 million in the region annually.
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