New business creation jumps 18% in Minnesota

Author:
Updated:
Original:

The Minnesota Office of the Secretary of State said Tuesday that the state had 60,827 new businesses filings last year, Finance & Commerce reports. That's an 18 percent increase over the previous year and the second highest number of new filings in Minnesota’s history. The record is 63,338 set back in 2009.

“New business filings reflect Minnesota’s great business climate,” Secretary of State Mark Ritchie said in a news release. “As our economy continues to improve in 2013, new business filings will remain strong.”

"It may be a result of the economy, it may be a result of people being out of work for an extended period of time," Kelly Guncheon, president of Small Business Minnesota, told the Star Tribune. "We have an incredibly entrepreneurial state."

Minnesota’s unemployment rate slipped down to 5.7 percent in November, compared to the national unemployment rate of 7.7 for November.

Next Up

kaplans tiktok

Minnesota grandparents go viral for 'distancing duo' songs on TikTok

Their most recent duet about getting their second dose of the COVID-19 vaccine has gotten more than 67,000 likes.

CHS Field

Start of St. Paul Saints season delayed to May

Major League Baseball says it's being 'prudent' in delaying the minor league season.

caribou beyond meat sandwich

Caribou Coffee is the latest to add plant-based meat to its menu

The plant-based protein market is exploding, expected to reach $74.2 billion in the next six years.

One-dollar bill, cash, money

Former MN bank CEO sentenced to 18 months in prison for falsifying records

Robert Hager was the CEO of Border State Bank in Northern Minnesota.

49920879552_ef6458affd_o2

As golf season approaches, book your round now at Dacotah Ridge GC

The stunning course is designed by world-renowned architect Rees Jones.

mark kosloski - chisago county jail

Former volleyball coach charged with sexually assaulting a player

Mark Kosloski was a coach at North Lakes Academy for six years, resigning in February for personal reasons.

Screen Shot 2019-02-23 at 8.49.07 AM

Men fatally shot by police in Wadena County were brothers

The BCA also released the names of the two officers who discharged their firearms.

Related

Ritchie: Minnesota business filings up for fifth straight month

New business filings in the state for 2012 are up for the fifth straight month compared to the previous year, Minnesota Secretary of State Mark Ritchie announced Saturday. Ritchie also said the number of out-of-state businesses incorporating in the state is up 3.2 percent from 2011.

New Minn. business filings up nearly 13 percent from last year

New business filings in Minnesota are on track for an all-time record this year. In the first eight months of the year, Secretary of State Mark Ritchie reports there were 42,935 new business filings -- that's 4,772 more than the same period last year.