Minnesota makes top 10 in Forbes' 'Best States for Business' list

Author:
Updated:
Original:

Minnesota is the eighth best state for business in the country, according to a new list from Forbes.

The publication says the No. 8 ranking came on the state's "strength of an improved economic outlook."

The state was No. 20 on last year's list.

Forbes noted how Minnesota served as the economic hub for several major businesses in the country, including Target, U.S. Bancorp, General Mills, 3M and Medtronic.

Several factors help determined the rankings on the list, including business costs, labor supply, regulatory environment, growth prospects, quality of life and population.

Coming in at No. 1 on the list was Virginia, because of its "widely diverse economy that includes local and federal government, military, farming and manufacturing," Forbes says.

North Dakota came in at No. 2. Forbes credits the "development of the Bakken oil shale fields in the western part of the state" for the ranking.

The Forum of Fargo-Moorhead says North Dakota's ranking is up one slot from last year.

Rounding out the Forbes top 5 are Utah, North Carolina and Colorado.

Finishing just ahead of Minnesota on the list was Nebraska at No. 6 and Texas at No. 7. Washington and Georgia rounded out the top 10.

South Dakota and Iowa came in 11th and 12th on the list, respectively, while Wisconsin ranked 41st.

Next Up

Phillip Miller

Benton County prosecutor charged with sexual assault of teenager

Phillip Miller has been charged with varying levels of sexual assault charges.

Pixabay - pistol holster handgun

Permit-to-carry law doesn't violate 2nd amendment, MN Supreme Court says

A man charged with carrying a pistol without a permit argued it was unconstitutional.

covid

Here is Minnesota's COVID-19 update for Wednesday, August 4

The delta variant has been leading to higher case counts and hospitalizations in Minnesota.

Gavin Kaysen, Diane Moua

Bellecour Bakery to expand to second Cooks at Crocus Hill location

Gavin Kaysen's bakery started as a pop-up at the North Loop Cooks store, but has now firmly established itself.

Pexels - classroom kid teacher student raise hand - crop

MN medical groups urge K-12 schools to adopt mask requirement for all

They say it will help protect other students who can't get vaccinated or are at risk.

Screen Shot 2021-08-04 at 9.28.39 AM

WATCH: Vikings Live with Matthew Coller: Will this crazy camp impact the season?

Mike Zimmer has called out (subtly) Kirk Cousins. What's it mean for Kirk?

Reinbold

Fugitive bomb-maker accused of killing his wife arrested in Minnesota

Eric Reinbold was arrested around 12:30 a.m. Wednesday, Aug. 4.

motorcycle

Motorcyclist killed after being thrown from bike in St. Paul

The motorcyclist was identified as a 33-year-old from Maplewood.

Image from iOS (101)

Charges: Driver was drunk, speeding before crash that killed 1-year-old son

A total of five children were in the back seat at the time, according to the charges.

Related