Minnesota’s Economic News — W/E 2/23/24
Economic growth KFGO: U of M study shows ethanol generated $6.6 billion in economic activity in Minnesota Star Tribune: Chris Farrell: Productivity growth has led to our economic growth Minnesota…
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 the overall ease of doing business. The study scores and ranks major cities in the states or provinces of Mexico, the United States, and Canada 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 in 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. This ranking is higher than that of Milwaukee, Wisconsin but lower than its other three neighbors–Sioux Falls, South Dakota; Fargo, North Dakota; and Des Moines, Iowa.
|Overall Ease of Doing Business
Minneapolis particularly ranks and scores well on getting electricity, employing workers, and resolving insolvency. However, the city needs to work on reducing the burden on businesses when it comes to starting a business, paying taxes, and registering property.
|Minneapolis Individual Category Score
|Starting a business
Overall, cities in the United States overall rank higher than those in Canada and Mexico.
Yesterday, a Twitter (X) account caught my eye, going by the handle of Minnesota Department of Human Services Employees, @Minnesota_DHS. It only has 34 followers, but makes the following claim…
Several news organizations have identified the man who shot and killed two police officers and a firefighter yesterday in Burnsville as 38-year-old Shannon Cortez Gooden. One of Gooden’s children called…
Yesterday, I wrote about a bill being pushed by three DFL Senators — McEwen, Seeberger, and Hoffman — which would erect a costly regulatory apparatus to govern who could buy, sell, or use…
There continues to be a great deal of effort by the media and political leadership in Minneapolis to either suggest crime is down or dismiss it by focusing on issues…