MINNESOTA’S SMALL BUSINESS RECOVERY

30 Jun 2021


Agralite, Arrowhead, BENCO, Brown, Connexus, Light and Power, Crow Wing, Dakota, East Central, Federated, Goodhue, Itasca, Kandiyohi, Lake Country, Lake Region, McLeod, Meeker, Mille Lacs, Minnesota Valley, Nobles, North Itasca, Redwood, Runestone, South Central, Stearns Electric, Steele, Todd, Wright Hennepin

Minnesota’s economy is largely powered by small and medium sized businesses (SMB’s). SMB’s make up 99.5% of all Minnesota firms and employ nearly 47% of all Minnesota workers.  Small businesses also drive job growth in the state’s economy. In 2019 SMB’s were responsible for over 22,000 net new jobs, with firms under 20 employees creating the largest share of new jobs.  

The performance of Minnesota’s small business sector is thus critical to the overall health of the state’s economy. 

Click here to read full article from the Minnesota Chamber of Commerce. 

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