Minnesota, business not wanted here.
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4/24/2007
I have lived in a lot of states, Minnesota is without a doubt the most business restrictive. The tax rates are high and the legislature is more than willing to vote for regulations on private industry. Whether the excuse is the environment, more money for education (which Minnesota already spends PLENTY), or even the number of charter schools that are permitted by the state.
The state senate recently passed the highest tax rate in the nation for those earning over $150,000 per year. This will likely not withstand the veto from the governer, but the restriction that it would put on small business is significant. 70% of Minnesota small businesses fall into the category of private filing for taxes and earning less than $150,000 per year.
Jobs are already hard enough to come by in the state, there is a reason for many of the state's most significant cities having a negative population growth rate. Rochester, which was recently lauded as the fastest growing city in MN, has an economy that basically revolves around the Mayo clinic alone. IBM used to have a major facility here, but it is shrinking.
Be wary before moving to Minnesota without a job already established. You may also not want to build a house here without knowing you will be here for a long time.
Michael | Pine Island, MN