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Keeping Minnesota Competitive: Prosperity in the Land of 10,000 Lakes

January 26, 2012 J





AFP Foundation-Minnesota just released its yearly economic competitiveness booklet: Keeping Minnesota Competitive: Prosperity in the Land of 10,000 Lakes. This booklet analyses the economic state of Minnesota and the prosperity of its citizens using important statistics such as population growth and gross domestic product (GDP), private sector job growth, business tax climate, and state spending and debt. Click here to access the booklet.

Here are some key facts …

Did You Know?

• Minnesota state spending has increased by more than 600% since
1960, after accounting for inflation. During the same time frame,
Minnesota’s debt grew by 473%, after inflation.
Source: U.S. Census Bureau

• From 2000 to 2010, Minnesota’s population grew by 7.81%,
stronger than regional peers but much slower than the national
average.
Source: U.S. Census Bureau

• Minnesota’s private sector lost 2.5% of its jobs from 2000 to 2010,
yet state government jobs increased by more than 12%.
Source: U.S. Bureau of Labor Statistics

• Minnesota was ranked 42nd for small business survival and
entrepreneurship.
Source: Small Business and Entrepreneurship Council

• Minnesota has more than $15 billion in unfunded retiree
pensions and health care benefits.
Source: Pew Center on the States

• Minnesota was ranked as the 43rd-worst tax climate for
businesses in the United States.
Source: Tax Foundation

• During the 2008–2009 school year, Minnesota schools spent more
than $11,000 per student.
Source: U.S. Census Bureau

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