Business Trends for Minnesota
|
|
|
- Cory Moody
- 5 years ago
- Views:
Transcription
1 GROW MINNESOTA! Building Businesses, Jobs And Local Chambers
2 WHY CHANGE & GROWTH? Change drives our economic fate. No change, no growth! Think: Development of the economy... Not: Economic development.
3 FORTUNE 500 COMPANIES IN MN (2012) State Ranking Company Name Fortune 500 Ranking 1 United Health Group Target Corporation Best Buy Supervalu CHS M U.S. Bancorp Medtronic General Mills Land O Lakes Xcel Energy Ameriprise Financial C.H. Robinson Worldwide Revenues ($ billions) 14 Mosaic Hormel Foods Thrivent Financial for Lutherans Ecolab St. Jude Medical Nash Finch Source: CNN Money
4 FORTUNE 500 COMPANIES IN MN (2012) State Ranking Company Name Fortune 500 Ranking 1 United Health Group Target Corporation Best Buy Supervalu CHS M U.S. Bancorp Medtronic General Mills Land O Lakes Xcel Energy Ameriprise Financial C.H. Robinson Worldwide Revenues ($ billions) 14 Mosaic Hormel Foods Thrivent Financial for Lutherans Ecolab St. Jude Medical Nash Finch Source: CNN Money
5 FORTUNE 500 COMPANIES IN MN (1983) State Ranking Company Name Fortune 500 Ranking 1 3M Honeywell General Mills Control Data Land O Lakes Pillsbury Farmers Union Central Exchange Hormel Foods International Multifoods Ecolab Deluxe American Hoist & Derrick Revenues ($ billions) Source: MinnPost
6 GROW MN! RESULTS 8017 one-on-one business retention visits 2,731 in Metro Area 5,286 in Greater MN 19% are revisits 17% in Metro Area 20% in Greater MN We know Minnesota s economy!
7 CURRENT CONDITIONS & OUR FORECAST Gaining strength, but still tentative.
8 80% BUSINESSES REPORTING INCREASING SALES 70% 60% 50% 40% 30% 20% Metro Area Greater MN
9 BUSINESSES REPORTING INCREASING PROFITABILITY
10 BUSINESSES CREATING NEW PRODUCTS IN THE LAST YEAR
11 ANOTHER MN INNOVATION: WHAT IS IT?
12 ANOTHER MN INNOVATION: WHAT IS IT?
13 PetChatz
14 FASTEST GROWING MARKETS INTERNATIONAL
15 FASTEST GROWING MARKETS UNITED STATES
16 American Hospital, Dubai
17
18 BUSINESSES REPORTING EXPANSION PLANS
19 EXPANSION PLANS: % GROWING IN MINNESOTA 95% 90% 85% 80% 75% 70% 65% 60% Metro Area Greater MN
20 ADDED JOBS IN THE LAST YEAR
21 TROUBLE RECRUITING IN THE LAST YEAR
22 DIFFICULTY RECRUITING EMPLOYEES?
23 TROUBLE RECRUITING
24 LONG TERM OUTLOOK: GROWTH BUT TENTATIVE Innovation. Metro Area not at pre-recession levels, and sliding Greater MN not at pre-recession levels, and sliding Export sales Expansions US markets rising International flat Trend is flat, but sharp decrease since 2012 US markets up, slightly International flat Trending toward MN! Workforce not sufficient for growth not sufficient for growth
25 RESULTS 2003 thru 2013 One-on-one business assistance 1160 firms, affecting 15,185 jobs* 360 in Metro Area, 800 in Greater MN Shaping the statewide business agenda Health care (2008) Environmental permitting (2010, 2011) K12 Education (2010) Workforce (2012) *began tracking this in 2009.
26 2013 RESULTS 902 one-on-one business retention visits 234 in Metro Area, 668 in Greater MN 27% are revisits 19% in Metro Area, 29% in Greater MN 195 firms assisted, affecting 3,865 jobs 51 in Metro Area, 144 in Greater MN
27 WHAT ARE YOUR NEW INVESTMENT PLANS? Data from businesses that told Grow Minnesota! their investment plans. Percentages are greater than 100% since some businesses have plans for more than one of these investments.
28 HIGHEST RATED ATTRIBUTES Balance of State 1. Recreational opportunities 2. Social organizations & networks 3. Electric reliability 4. K-12 education 5. Higher education SE MN 1. Electric reliability 2. Crime rate 3. K-12 education 4. Overall workforce quality 5. Recreational opportunities
29 LOWEST RATED ATTRIBUTES Balance of State 1. State taxes 2. Health care costs 3. Workers' compensation rates 4. Health insurance requirements 5. Unemployment insurance SE MN 1. Health care costs 2. State taxes 3. Health insurance requirements 4. Workers compensation rates 5. Unemployment insurance
30 IMPROVING MN S BUSINESS CLIMATE PROGRESS? ATTRIBUTE ON MN CHAMBER AGENDA? RECOMMENDATION PROGRESS? Health care costs Pay for outcomes, not procedures 2008 legislation has reduced s State taxes Repeal the B2B sales taxes; federal conformity #1 priority for 2014 Health insurance requirements Eliminate mandates; more defined contribution plans Losing ground. Mandate added in 2013 Workers comp rates Reduce health care expenses (over 1/3) DOLI report to legislature, 2014 Unemployment insurance Retain current benefits and financing. Rate reduction adopted in 2013
31 CHANGE CONSTANT! Change drives our economic fate. No change, no growth! Think: Development of the economy... Not: Economic development.
Market Analysis: Minneapolis-St. Paul Overview
Positively Minnesota a great place to live, work and do business Market Analysis: Minneapolis-St. Paul Overview Market Analysis - Twin Cities Overview The Twin Cities is a strong, competitive place to
Rouch, Jean. Cine-Ethnography. Minneapolis, MN, USA: University of Minnesota Press, 2003. p 238
Minneapolis, MN, USA: University of Minnesota Press, 2003. p 238 http://site.ebrary.com/lib/uchicago/doc?id=10151154&ppg=238 Minneapolis, MN, USA: University of Minnesota Press, 2003. p 239 http://site.ebrary.com/lib/uchicago/doc?id=10151154&ppg=239
TOP. Marketing Department. in Research and Impact CARLSON SCHOOL OF MANAGEMENT
TOP in Research and Impact CARLSON SCHOOL OF MANAGEMENT Marketing Department I don t know if there s something in the water at the Carlson School, but we have consistently been one of the most prolific
MINNESOTA STATE COLLEGES AND UNIVERSITIES BOARD OF TRUSTEES Agenda Item Summary Sheet
MINNESOTA STATE COLLEGES AND UNIVERSITIES BOARD OF TRUSTEES Agenda Item Summary Sheet Name: Finance and Facilities Committee Date: June 17, 2015 Title: FY2016 Operating Budget (Second Reading) Purpose
Michael Langley CEO GREATER MSP OUR REGION
Michael Langley CEO GREATER MSP OUR REGION 1 THE GREATER MSP REGION 16 county MSA $220 billion in GDP 41 ST largest global economy More than 3.4 million residents The Greater MSP region currently has the
BOARD OF TRUSTEES MINNESOTA STATE COLLEGES AND UNIVERSITIES BOARD ACTION. Fiscal Years 2010-2011 Biennial Operating Budget
BOARD OF TRUSTEES MINNESOTA STATE COLLEGES AND UNIVERSITIES BOARD ACTION Fiscal Years 2010-2011 Biennial Operating Budget BACKGROUND Every other year, as part of the state s operating budget process, the
Statistical Comparison
Business Climate State Liability Systems U.S. Chamber of Commerce State Liability Systems Ranking IA 5 MN 11 WI 22 State Competitiveness Ranking State Competitiveness Ranking (Ranking 1-50 1=Best) IA 9
Metro Economic Outlook: Boston
Metro Economic Outlook: Boston With more than 80 colleges and universities in the region, Boston has long had direct access to young talent. And local economic development officials are banking on a burgeoning
El Segundo Unified School District Special Budget Meeting Part I School Services Information January 24, 2011
El Segundo Unified School District Special Budget Meeting Part I School Services Information January 24, 2011 Overview of the State Budget and the State Economy 2011 School Services of California, Inc.
MOVING FLORIDA FORWARD. Alan Becker Founding Shareholder, Becker & Poliakoff, P.A. Vice-Chair, Enterprise Florida Board of Directors
MOVING FLORIDA FORWARD Alan Becker Founding Shareholder, Becker & Poliakoff, P.A. Vice-Chair, Enterprise Florida Board of Directors Enterprise Florida Created by the Florida Legislature in
Collaboration and innovation are top strategies used by states seeking to improve workers compensation programs
Lessons to learn: Collaboration and innovation are top strategies used by states seeking to improve workers compensation programs New York state efforts still mixed, but moving forward the of the industry
Commercial Office Space for Lease 6636 Cedar Ave S, Richfield MN 55423
Real Estate Services Commercial Office Space for Lease 6636 Cedar Ave S, Richfield MN 55423 Trust. Value. Results. Contact Ross Malinski, Broker/Owner 612.619.2200 [email protected] www.guardiancompanies.com
Missouri employment grew a total of 2.5% between 2004 and 2014, the 42 nd slowest rate among the 50 states.
Did you know? Missouri employment grew a total of 2.5% between 2004 and 2014, the 42 nd slowest rate among the 50 states. Source: The Bureau of Labor Statistics Did you know? Missouri s real GDP per capita
Economic Development Planning, Summary 7
Economic Development Planning, Summary 7 Unless otherwise noted, summaries represent findings and analyses by the listed source, not by Morrison Institute for Public Policy or Arizona State University.
HUMAN CAPITAL PERFORMANCE BONDS(HUCAP) Steve Rothschild investinoutcomes.org 612-396-0295
HUMAN CAPITAL PERFORMANCE BONDS(HUCAP) Steve Rothschild investinoutcomes.org 612-396-0295 Agenda The Problem What s Required A New Idea Implications for Budget and Policy Goals/Status/Plans Implications
ECONOMIC DEVELOPMENT ELEMENT
[COMPREHENSIVE PLAN] 2025 EXHIBIT J ECONOMIC DEVELOPMENT ELEMENT INTRODUCTION Chapter 163 of the Florida Statutes (F.S.) and Rule 9J-5 of the Florida Administrative Code (F.A.C.) provide the statutory
Business Plan: Business Attraction & Retention
Business Plan: Business Attraction & Retention How does this service contribute to the results identified in the City of London Strategic Plan? A Strong Economy A Vibrant and Diverse Community As the lead
Opportunity Profile. President
GREATER FARGO MOORHEAD REGION The Fargo Moorhead MSA, with a metropolitan population of 202,025 (2009 estimate), including Cass County, North Dakota and Clay County, Minnesota, lies in the Red River Valley
Florida Chamber Foundation 50 Florida Facts
Florida Chamber Foundation 50 Florida Facts Talent Supply & Education 1. There are 459 Charter Schools operating in the state of Florida, which comprise approximately 13% of public schools. Source: Florida
Retail Industry Outlook Survey:
Retail Industry Outlook Survey: Modest Gains Keep Cautious Optimism in Style kpmg.com KPMG s Industry Outlook Survey KPMG LLP, the audit, tax and advisory firm, surveyed C-suite and other top-level executives
Citizen & Stakeholder Frequently Asked Questions 10/7/2014
Ports of Seattle and Tacoma Interlocal Agreement Citizen & Stakeholder Frequently Asked Questions 10/7/2014 What s Included in the Seaport Alliance and Why: pages 1 3 Governance: pages 3 6 Leadership,
Economic Forecast OUTPUT AND EMPLOYMENT WHAT THE TABLE SHOWS:
Economic Forecast OUTPUT AND EMPLOYMENT 7 8 9 1 11 1 13 1 United States Real GDP $ billions (fourth quarter) $1,996 $1,575 $1,5 $1,9 $15, $15,5 $15,97 $16,6 % change over the four quarters 1.9% -.8% -.%.8%.%.%.%
The Economic Impact of Replacing Coal with Natural Gas for Electricity Production. William A. Knudson. Working Paper 01 0811
THE STRATEGIC MARKETING INSTITUTE The Economic Impact of Replacing Coal with Natural Gas for Electricity Production William A. Knudson Working Paper 01 0811 80 AGRICULTURE HALL, MICHIGAN STATE UNIVERSITY,
Wake County 1,000,000 residents 25,000 new residents per year
Centrally located in the Triangle area of North Carolina, Wake County is one of the fastest growing areas in the nation and the second-most populous county in the state, with approximately 1,000,000 residents.
Minnesota Department of Commerce Medical Malpractice Insurance in Minnesota Data as of 12/31/2012
This document is made available electronically by the Minnesota Legislative Reference Library as part of an ongoing digital archiving project. http://www.leg.state.mn.us/lrl/lrl.asp Minnesota Department
REQUEST FOR PROPOSALS FOR COMMUNICATION ACCESS REALTIME TRANSLATION SERVICES
REQUEST FOR PROPOSALS FOR COMMUNICATION ACCESS REALTIME TRANSLATION SERVICES MINNESOTA STATE LEGISLATURE Fiscal Years 2009-2010 The Legislative Coordinating Commission (LCC) of the Minnesota Legislature
Smith County Forum Sponsored and Facilitated by: Smith County Office Texas Cooperative Extension The Texas A&M University System
Smith County Forum Sponsored and Facilitated by: Smith County Office Texas Cooperative Extension The Texas A&M University System Smith County Forum 1 Smith County Forum Introduction This report presents
MBA Forecast Commentary Joel Kan, [email protected]
MBA Forecast Commentary Joel Kan, [email protected] Weak First Quarter, But Growth Expected to Recover MBA Economic and Mortgage Finance Commentary: May 2015 Broad economic growth in the US got off to a slow
UNWTO General Assembly 19 th Session. Gyeongju Republic of Korea 10 October 2011
UNWTO General Assembly 19 th Session Gyeongju Republic of Korea 1 October 211 million Tourism 22 Vision vs. actual trend World International tourist arrivals 1, 1,4 1,2 1, 8 Tourism 22 Vision forecast
Defining Human Resources Moving to Strategic HR
Defining Human Resources Moving to Strategic HR P r e s e n t e d b y : S a s k a t c h e w a n S c h o o l B o a r d s A s s o c i a t i o n S c h o o l F o r T r u s t e e s - J a n u a r y 1 7, 1 8,
The Biggest Cities in America
Terrell 1132 LLC 1,100 ACRES I-20 Corridor Terrell - Texas Mix Use & Residential Masterplan Development Terrell 1132 LLC 1,100 ACRES I-20 Corridor Terrell - Texas Residential Mix Use Development 1,100
Creative approaches to financing innovation. IBM Global Financing
Creative approaches to financing innovation IBM Global Financing Kim Chatwin-Smith Marketing Manager Australia & New Zealand IBM Global Financing Agenda Insights 1. Transaction Trends 2005 Ernst & Young
HOUSTON COUNTY Economic Development Authority STRATEGIC PLAN - 2009 [Approved November 4, 2009]
![HOUSTON COUNTY Economic Development Authority STRATEGIC PLAN - 2009 [Approved November 4, 2009]](/thumbs/27/11643273.jpg "HOUSTON COUNTY Economic Development Authority STRATEGIC PLAN - 2009 [Approved November 4, 2009]")
HOUSTON COUNTY Economic Development Authority STRATEGIC PLAN - 2009 [Approved November 4, 2009] Houston County Economic Development Authority Strategic Plan 2009 1 Table of Contents Introduction..3 Strategic
The President s Report to the Board of Directors
The President s Report to the Board of Directors May 5, 2015 CURRENT ECONOMIC DEVELOPMENTS - May 5, 2015 Data released since your last Directors' meeting show that economic growth continued to slow in
WEALTH MANAGEMENT CONFERENCE. 16 17 March 2016 Minneapolis, Minnesota, United States SUPPORTER OPPORTUNITIES. Hosted with CFA Society Minnesota
WEALTH MANAGEMENT CONFERENCE 2015 CFA Institute. All rights reserved. 16 17 March 2016 Minneapolis, Minnesota, United States Hosted with CFA Society Minnesota SUPPORTER OPPORTUNITIES EVENT OVERVIEW This
2013 YEAR-END ECONOMIC REPORT
YEAR-END ECONOMIC REPORT YEAR-END ECONOMIC REPORT 1 NATIONAL SMALL BUSINESS ASSOCIATION FOREWORD The National Small Business Association (NSBA) is the nation s first small-business advocacy group celebrating
A Labour Economic Profile of New Brunswick
A Labour Economic Profile of New Brunswick January 2016 Table of Contents New Brunswick Highlights........................... 2 Current Business Environment....................... 3 GDP Snapshot....................................
Health Insurance Exchange Study
Health Insurance Exchange Study Minnesota Department of Health February, 2008 Division of Health Policy Health Economics Program PO Box 64882 St. Paul, MN 55164-0882 (651) 201-3550 www.health.state.mn.us
Why a 5% rate increase is critical in 2016
bit.ly/bestlifemn @BestLifeMN BestLifeAlliance Pinterest YouTube Why a 5% rate increase is critical in 2016 Alliance Description: The Best Life Alliance is a nonpartisan coalition of more than 130 Minnesota
Neil Abercrombie Doug Macdonald
PREDICTING HOW NATIONAL & STATE ECONOMIC CONDITIONS WILL AFFECT LOCAL BUDGETS Neil Abercrombie Doug Macdonald Utah League of Cities and Towns Midyear Conference RECESSION OR OR NOT A RECESSION? "I don't
Section 5: Public Health Insurance Programs
1 Section 5: Public Health Insurance Programs Medicare Medical Assistance (Medicaid) MinnesotaCare General Assistance Medical Care (GAMC) Minnesota Comprehensive Health Association (MCHA) A summary of
AN ENTREPRENEUR S RESOURCE GUIDE
About the Host Orlando, Inc. 75 South Ivanhoe Boulevard Orlando, FL 32804 Phone: 407.425.1234 www.orlando.org Orlando, Inc., (Orlando Regional Chamber of Commerce) is focused on connecting entrepreneurs
Legislative Objective Education & Workforce Training
Association of Washington Business 2015-16 Legislative Agenda Education & Workforce Training AWB understands and acknowledges the challenges that lie ahead in the 2015-17 legislative biennium to fund basic
Testimony of the Iroquois Healthcare Alliance. New York State Senate Finance Committee and New York State Assembly Ways & Means Committee
Testimony of the Iroquois Healthcare Alliance presented to the New York State Senate Finance Committee and New York State Assembly Ways & Means Committee regarding 2011-2012 Executive Budget Proposal on
B U S I N E S S C O S T S
Introduction A company s success in today s highly competitive global economy is determined by its ability to produce the highest quality products and services at the lowest costs. This competitive imperative
CLASS SPECIFICATION Human Resources Director. Nonrepresented/All Bureau Directors hired after December 31, 2000 are exempt from Civil Service
City of Portland Job Code: 30000409 CLASS SPECIFICATION Human Resources Director FLSA Status: Union Representation: Exempt Nonrepresented/All Bureau Directors hired after December 31, 2000 are exempt from
Learn what s trending in the world of recruitment. Recruitment Market Intelligence Report
Learn what s trending in the world of recruitment Recruitment Market Intelligence Report FEBRUARY 2015 At a Glance 30.8 million people in employment (Sep-Nov); up 512,000 from the same period last year
Ultimate Software: Successfully Navigating the Transition from On-Premise to Cloud ISV as a Public Company
Vendor Needs and Strategies Ultimate Software: Successfully Navigating the Transition from On-Premise to Cloud ISV as a Public Company Christine Dover IDC OPINION In 1998, when the company went public,