Minnesota State Profile

Minnesota's business tax climate rates among worst in the nation; foreclosures remain historically high; business conditions continue to improve with growth in new orders and production; employment outlook is positive.

• State job growth fell 4.3% in August 2009 from a year ago; national job growth fell 4.4%.
• State unemployment averaged 8.0% in August 2009; the national average was 9.7%
• Personal income fell 2.4% to $218 billion in Q2 2009 from a year ago.
• Tax revenue fell 12.8% in Q2 2009 from the previous year.
• Exports fell 29.0% to $13.1 billion in the first seven months of 2009 from a year ago.
• Venture capital investment in MN fell 38% to $96.9 million in Q2 2009 from a year ago.