Minneapolis ranked 40th among 115 North American cities on ease of doing business.
A newly launched study by the Center for the Study of Economic Liberty at Arizona State University has ranked Minneapolis 40th among 115 cities in North America on overall ease of doing business. The study which is intended to be an annual report, scores and ranks major cities in the states or provinces of Mexico, United States and Canada overall on how easy or difficult it is to start, operate and shut down a business.
The study “intends—through the creation of comparable measures over time and its overall Ease of Doing Business Score—to contribute to the understanding of which regulatory environments can produce the best economic outcomes for the largest number of people.”
The report, Doing Business North America, scored and ranked cities on six categories on the ease of starting and operating a small- or medium-sized business: (1) Starting a business, (2) Employing workers (3) Getting electricity (4) Registering property (5) Paying taxes and (6) Resolving insolvency.
Minneapolis ranks 40th with an overall score of 76.41 on Ease of Doing Business passing Milwaukee, Wisconsin but ranking lower than its other three neighbors: Sioux Falls, South Dakota; Fargo, North Dakota; and Des Moines, Iowa.
|Overall Ease of Doing Business|
|Sioux Falls||South Dakota||3||84.82|
Minneapolis particularly ranks and scores well on three categories: Getting electricity, Employing workers and Resolving insolvency. More work is needed to reduce the burden on businesses when it comes to starting business, paying taxes, and registering for property.
|Minneapolis Individual Category Score|
|Starting a business||64||78.72|
United States cities overall rank higher than those of Canada and Mexico; Canadian cities rank in the middle primarily, and Mexican cities rank last.