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Governor Tim Walz and Department of Employment and Economic Development (DEED) Commissioner Steve Grove joined Minnesota business leaders to launch “Build What Matters”, a first of its kind campaign with businesses and economic development partners from across the state to highlight why Minnesota is an exceptional state to build a business or advance a career.

"Minnesota's strength lies in the ingenuity, hard work, and determination of our workers and entrepreneurs. We aren't afraid to pursue big ideas and build things that change the world," Walz said. "Our legacy is solving the world's toughest challenges. From startups to Fortune 500s, businesses flourish here. Now is a great time to highlight that fact to the world."

"A history of extraordinary innovation across many industries makes Minnesota a global epicenter for problem-solving," Grove said. "As we write the next chapter of our economy emerging from the pandemic, we must highlight what's happening here so that more people and businesses can join us. Inclusive growth that gives everyone a true opportunity to succeed must be our North Star."

From pioneering open heart surgery and supercomputing to inventing in-ear hearing aids, the pacemaker, the concrete grain elevator, post-it notes, and water-skiing, Minnesota has a long history of building things that matter.

The new “Build What Matters” platform, www.joinusmn.com, highlights the incentives the state has to offer businesses and the work being done to ensure the next chapter of Minnesota’s economy is strongly committed to inclusive growth.

 The new platform was created in consultation with dozens of business leaders and talent recruiters across the state, as well as through work done with the Minnesota Marketing Partnership, a collection of regionally focused economic development organizations across the state.

Yesterday’s “Build What Matters” launch included business leaders from across Minnesota in a variety of sectors who shared why they chose to start, grow, or locate their business in Minnesota.

Comprehensive data on the Minnesota's ranking relative to other states and countries are available on the new platform. Here's a snapshot of a few:

  • #1 in Five Year Business Survival Rate – Bureau of Labor Statistics.
  • #1 in Fortune 500 Companies Per Capita (Minneapolis-St. Paul) among the 30 largest metropolitan areas- Fortune 500.
  • #1 Medical Device Patents Per Capita- USPTO Patent Full Text and Image Database.
  • #1 Health Technology Cluster in the World- Medical Alley.
  • #2 Best state in America - U.S. News and World Report.

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