What does St. Cloud for new business? The region’s leaders are weighing in

St. CLOUD – What do education, collaboration and quality of life have in common? According to business leaders in St.

Cloud Minnesota Department of Employment and Economic Development Commissioner Steve Grove held a discussion Friday with St.

Not only does Minnesota have the highest five-year business survival rate of all 50 states, but per capita, the state is also home to a large number of Fortune 500 companies.

“We’re one of the toughest states in the country,” Grove said. “So once you move here, you see the education, the infrastructure, the family opportunity, it’s very hard to leave. And that’s not just an anecdote. We’ve seen the data.”

more:In the quagmire of a tight labor market, employers are thinking about how to retain employees too

Grove said St. Cloud has always been an “upward” area economically. Statewide, Grove said, 42% more businesses started in Minnesota in 2021 than in 2019.

“It’s just a really flexible and dynamic time in our economy, and it’s just important to have a conversation about where Minnesota is headed and why we think this is a great state to really flesh out the future of our economy,” he said.

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