Wayzata businessman Scott Honour announced Wednesday that he's running for governor as a Republican in 2014, MPR reports.
"I'm worried Minnesota is headed in the wrong direction with the wrong leadership," Honour says in a video, where he emphasizes the need for job growth in Minnesota.
Honour also filed paperwork with the Minnesota Campaign Finance Board Wednesday, listing Brian Clark as his campaign chair and former state Sen. Ted Daley as his campaign treasurer.
Honour returned to Minnesota last year after serving as senior managing director of the Gores Group, an international investment firm, and has been considering a gubernatorial bid for months, according to Politics in Minnesota.
MPR reports Honour is best known in Minnesota politics for hosting a high dollar, private fundraised for Mitt Romney's presidential campaign in 2012.
Honour also co-hosted a fundraiser for New Jersey Gov. Chris Christie last month.
The businessman has appeared at several Republican events lately, the Star Tribune reports. In the last two years, Honour contributed about $90,000 to federal Republican causes and candidates.
Other potential Republican candidates include: Sen. Dave Thompson, R-Lakeville; Jeff Johnson, a Hennepin County commissioner and Republican National Committee member; Senate Minority Leader David Hann; former House Speaker Kurt Zellers; Hennepin County Sheriff Rich Stanek; state Sen. Julie Rosen and Minneapolis attorney Ron Schutz.
Alliance for a Better Minnesota, an outside group that works to elect Democrats, was quick to criticize Honour.
"Surprise, surprise the first GOP candidate for MN Governor is a corporate CEO with mega-millions. He lives in a mansion on Lake Minnetonka. Not surprising: He's wrong for Minnesota," the group said on their Facebook page.
Carrie Lucking is the executive director of ABM.