|
Business & Industry
A competitive edge
Minnesota is a global leader in many industries
— including medical devices, technology, manufacturing,
insurance, healthcare and service industries. Minn esota’s
abundance of capital, the local work ethic and great
quality
of life are often cited as reasons why it is a great
place
to
start or grow a business. In fact, in 2003 Minnesota
was
ranked “Top Spot for Business”
by Entrepreneur magazine.
Similarly, an article from the June 20, 2005 issue
of The Scientist
ranked the University of Minnesota's "intellectual
pipeline" fourth, based on a variety of criteria.
Fortune
magazine’s 2007 list of the 500 largest U.S.
companies includes 20 that are headquartered in
Minnesota — and Ecolab, Inc., 3M, CHS, Land O’Lakes,
Northwest Airlines, St. Paul Travelers and Xcel
Energy are
located in the Saint Paul/East Metro area.
Many small and diverse businesses also call the
Saint Paul/East Metro area home. University Avenue
in Saint Paul is a hotbed of Hmong business ventures
coupled with long-term businesses that have been a
part of the community for generations. District Del
Sol, on Saint Paul’s West Side, is home to the Twin
Cities’ best Mexican food and Cinco de Mayo —
Minnesota’s largest Hispanic/Latino event.
Woodbury and Oakdale are both East Metro communities
that are attracting small business at a furious
rate. Major new office complexes are in the works
in both communities, supported by large investments
in transportation infrastructure, retail development
and a continued housing boom.
With a legacy of health care excellence and a
thriving medical device industry built around
Medtronic, Boston Scientific, and Saint Jude Medical,
Minnesota has launched an initiative intended to
stimulate growth of the biosciences. One of
Minnesota’s bioscience corridors can be found on the
Saint Paul/Minneapolis borders. This corridor is
focused on bioscience applications in agricultural,
industrial and drug/device combinations and
leverages the unique assets of the University of
Minnesota, Mayo Clinic and the Saint Paul/East Metro
area’s unbeatable location and leadership.
If you would like
information on how to successfully locate or expand
your business in the Saint Paul/East Metro area,
please contact
us at 651.265.2796.
|