The State of Minnesota’s Economy: 2017

Performance continues to be lackluster

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Money isn’t everything, but a strong and growing economy is vital for many of the things we take for granted living in Minnesota. Without high incomes we would struggle to cope with the harsh winter weather or support the vibrant cultural life we take pride in. Nor would we be able to fund public services such as education and policing.

Last year, Center of the American Experiment took an in depth look at Minnesota’s economy, with a report authored by Dr. Joseph Kennedy. A source of pride for many in the state, we found that, in fact, the data showed our state’s economic performance to be only mediocre. We concluded that Minnesota can do better.

A year late, in this paper, we look again at Minnesota’s economy. We use the most current data to assess its health. And we apply a framework of economic growth theory to look at where it might be headed in the future.

A full copy of the report can be viewed here.