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High-Tax Minnesota is Nation's Best State for Business

Discussion in 'News & Current Events' started by InTheLight, Jun 25, 2015.

  1. InTheLight

    InTheLight Well-Known Member
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    Minnesota, a state known for high taxes and also for being among the kinder to labor unions, is the nation’s best state for conducting business in 2015, according to a newly released ranking from the CNBC business news network.

    The state moves up from No. 6 last year and 15th in 2013.

    “Never since we began rating the states in 2007 has a high-tax, high-wage, union-friendly state made it to the top of our rankings,” CNBC said in a statement accompanying the rankings.

    http://www.startribune.com/high-tax...t-state-for-business-cnbc-declares/309799671/
     
  2. Revmitchell

    Revmitchell Well-Known Member
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    According to CNBC. Nough said.


     
    #2 Revmitchell, Jun 25, 2015
    Last edited by a moderator: Jun 25, 2015
  3. InTheLight

    InTheLight Well-Known Member
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    Please elaborate. This is CNBC, not MSNBC. CNBC is a pretty decent network for business coverage.
     
  4. Revmitchell

    Revmitchell Well-Known Member
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    There is no difference. Anyway I edited my previous post.
     
  5. InTheLight

    InTheLight Well-Known Member
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    Quality of life is a huge recruitment tool for businesses. If you want to get smart, top notch workers to come to your state it's an important factor, probably the most important one.
    Education is an important factor for businesses. You can't have an excellent workforce without a great education system.

    There has been an advertising campaign by South Dakota for years and years (decades?) attempting to attract Minnesota businesses to relocate there based on their super low taxation rates. It's not working. Low taxes are not the only thing that's important to businesses.
     
  6. Revmitchell

    Revmitchell Well-Known Member
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    I'm sorry but comparing the Dakota's with Minnesota is odd. Fact is people do not want to live out in the middle of nowhere and businesses are not going where there are no people to purchase products or services.
     
  7. church mouse guy

    church mouse guy Well-Known Member
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    You forgot to mention the lovely summers in Minnesota.
     
  8. Revmitchell

    Revmitchell Well-Known Member
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  9. Bro. Curtis

    Bro. Curtis <img src =/curtis.gif>
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    I don't mind paying our high local taxes because our parks and bike trails are amazing. Our state taxes are relatively low, and Montana has no sales tax.

    I will say Missoula ranks as one of the least business-friendly cities in America.
     
  10. InTheLight

    InTheLight Well-Known Member
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    Let's see. The CNBC poll uses 60 different factors to come up with a rating:
    The network’s study uses 60 measures of competitiveness, separated into 10 categories. The categories include work force, economy, infrastructure and transportation, education, cost of living, cost of doing business, access to capital, innovation, business friendliness and quality of life.


    The chiefexecutive.net poll uses 3 main factors: tax rates, pro-business climate (read: government programs to attract business), and government regulations. Also quality of life and education.

    I'd say the CNBC rating method is more comprehensive.

    Your observation about people not wanting to live out in the middle of nowhere definitely applies here. North Dakota is even more boring then Nebraska. Compared to these two states, South Dakota is like the World's Fair.
     
  11. carpro

    carpro Well-Known Member
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    Minnesoto is listed #9 by Forbes.

    And #31 by Chief executive.

    Basically it's all over the map, depending on who does the survey and the criteria they use.

    The real proof lies in how many businesses are moving there. Minnesoto is not doing so well in that category.

    The Mercatus Center using a combination of personal and economic freedoms to come up with an overall freedom ranking has Minnesoto at #34.
     
    #11 carpro, Jun 25, 2015
    Last edited by a moderator: Jun 25, 2015
  12. InTheLight

    InTheLight Well-Known Member
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    ST. PAUL, MN – At a groundbreaking ceremony today, Governor Mark Dayton, Mayor Brad Tabke, other state and local officials, and executives of Shutterfly, Inc. got a picture of what a new 217,000 sq. ft. manufacturing facility will look like in Shakopee. The company, based in San Francisco, is expanding its operations to include a manufacturing facility in Minnesota, creating hundreds of new full- and part-time jobs in the state.

    http://mn.gov/governor/newsroom/pressreleasedetail.jsp?id=102-82902


    Amazon to Build Distribution Center in Shakopee, Report Says.

    http://www.twincities.com/business/ci_27585439/report-amazon-build-distribution-center-shakopee

    Shutterfly and Amazon--two state-of-the-art businesses are moving here.

    Frustrated Wisconsin Business Owner Moving Company to Minnesota
    The owner of a Wisconsin construction company said he's taking his business to Minnesota thanks to the passage of right-to-work. The Hoffman family has been in the Wisconsin construction business for a long time.
    "We like to say our company got started 100 years ago this year in 1915 when my great grandfather got his first road contract,” Jim Hoffman said. Hoffman construction based out of Black River Falls Wisconsin has also been unionized since the sixties. "That's something we're real proud of,” Hoffman said.

    Hoffman employs more than 200 unionized workers who work on projects in Wisconsin, but that might change. "We see our future growth potential being much better in Minnesota,” Hoffman said
    .

    http://www.news8000.com/news/frustr...ss-owner-moving-company-to-minnesota/31834100
     
    #12 InTheLight, Jun 25, 2015
    Last edited by a moderator: Jun 25, 2015
  13. carpro

    carpro Well-Known Member
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    Good examples, but overall, many other states are attracting more businesses than Minnesoto.
     
  14. kyredneck

    kyredneck Well-Known Member
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    Lol, what's the difference between a SD and MN winter? Sheesh. The walleye fishing in MN is appealing, but one can just visit to do that.
     
  15. Rolfe

    Rolfe Well-Known Member
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    Maybe Minnesota can now attract a real NFL team...
     
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