Report: Minnesota Produces Fewer But Longer Lasting Startups

Report: Minnesota Produces Fewer But Longer Lasting Startups Main Photo

5 May 2022


News, Arrowhead Electric Cooperative, Cooperative Light & Power, Dakota Electric Association, East Central Energy, federated rural electric association, Itasca Mantrap Cooperative Electrical Association, kandiyohi power cooperative, Lake Country Power, Lake Region Electric Cooperative, mcleod cooperative power association, meeker coperative, Mille Lacs Energy Cooperative, Minnesoota Valley Electric Cooperative, runestone electric association, stearns electric association, Steele-Waseca Cooperative Electric, Todd-Wadena Electric Cooperative, Wright-Hennepin Cooperative Electric Association

Minnesota may not necessarily be the startup capital of the nation, but it appears to be the place for new companies to survive over the longer term.

That’s one of the takeaways from the Minnesota Chamber Foundation’s “Minnesota Entrepreneurship” report released Tuesday. Citing data from the Bureau of Labor Statistics, foundation researchers found that Minnesota ranked first in the nation for five-year business survival in 2020. Minnesota also came in the top five in 2021.

Click here to view the original article from Twin Cities Business.

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