Investment Ideas: The Businesses Of Minnesota

For people who are planning to open a business in Minnesota, there exist some excellent opportunities. It may take a substantial amount of time to set up a business, but with enough research and good judgment, the chances for a successful opening are quite high. Below are some of the good business ideas for the Minnesota dweller.

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i) Movie theaters never go out of style and are strong even during recessions. People will always need to unwind and relax, and movie theaters have proven throughout the decades that it is an established avenue for returns.

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ii) Tax accounting firms is another great idea for a business that can withstand recessions. People will always need accountants for their taxes.

iii) Small side businesses such as dog walking and healthy prepared meals are perfect for people who have day jobs and who are still hesitant to become full-time business owners.

iv) Bus tour companies make a lot of money, especially in places where there’s a lot to see. Minnesota happens to be one of those places. Another lovely thing about bus tours is that during non-peak seasons, company owners can branch out to do other things, and open other small businesses, such as …

v) Small events organizing company is another idea tailor-fit for small communities. Organizing children’s parties, seasonal dances, company events, sporting events, and other small events all comprise the simple joys of community residents.

Steve Liefschultz specializes in helping people invest in real estate in Minnesota. For more real estate updates, follow this Facebook page.

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Assessing The Business Climate In Minneapolis

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Image source: grayline.com

In 2015, Forbes Magazine named Minnesota as one of the best states for business, citing the Midwestern state’s economic climate and quality of life as one of the best and strongest in the nation. Driving the force behind Minnesota’s strong business and economic climate is the metropolitan area of Minneapolis-St. Paul.

The Twin Cities houses industry giants and small companies making up more than half of the $316 billion gross state product of Minnesota. Several Fortune 500 corporations are headquartered in Minneapolis-St. Paul, including Target, General Mills, 3M, and the UnitedHealth Group. The city’s roster of established enterprises is a key factor that contributes to the healthy business environment in the area.

Its highly educated workforce is another factor that draws business investors and job seekers to the city of Minneapolis. Ranked as the second most literate city in the nation, Minneapolis boasts of an educated and experienced labor force. The city is also highly accessible. Its efficient transportation system allows people, as well as goods and products, to get around easily. Furthermore, the city offers plenty of professional services to support aspiring entrepreneurs to start their own business and to help companies succeed.

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Image source: pond5.com

With a city like Minneapolis, it is no question why Minnesota consistently ranks as one of the best places in the nation for business.

Steve Liefschultz is the chairman and CEO of Equity Bank, a finance company specializing in investment lines of credit and real estate loans in Minnesota. Follow this Twitter account for more updates.

Minneapolis and Commerce: Reasons for doing Business in the Twin Cities

There are many good things that a person can say about Minneapolis, Minnesota. One of them is being one of the easiest places to do business. The entrepreneurial community in the city is strong and diverse. The variety is built on the premise that there are numerous companies in the area—be it large or small, startup or seasoned, and traditional or innovative.

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Many industries thrive the area, including finance, merchandising, and education. Minneapolis supports innovation and new ideas; that is why it has become a melting pot for many breakthroughs and business feats. Harvard Business Review even ranked Minnesota as the second most conducive state for innovators.

The workforce in Minneapolis is also top notch because the majority are well educated and experienced. In a population of about half a million, the labor force numbers to more than 300,000. In fact, Minneapolis is at the top of the list of “smartest people” and “America’s most literate cities.”

The Twin Cities also has numerous colleges and universities where businesses can their new employees (and future leaders) from. It is also home to senior business pundits—from patent attorneys to classy designers—that companies need for their ventures to succeed. Finally, it is also one of the first cities to provide its residents, businesses, and visitors access to a wireless connection anywhere in the district so that people can stay connected all the time. Reports show that Minneapolis has the second fastest broadband speed in the country.

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For more about business opportunities in Minneapolis, subscribe to this blog for Steve Liefschultz, Equity Bank CEO.

Minnesota: A favorable location for business owners

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The consensus is clear: Minnesota is one of the strongest and steadiest places for commerce in the United States.

In a business and career analysis by Forbes, the Midwestern state—hailed as the “Star of the North”—places 9th among the best places for business based on a robust economic climate and quality of life.

A home to 5.4 million people, the state’s Minneapolis-St. Paul metro area is considered a lucrative hub for multibillion-dollar companies such as Target, U.S. Bancorp, General Mills, 3M, and Medtronic. The state’s economy, which was once reliant on the production of raw materials, has now transformed into a diverse producer of finished products and services in various industries.

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Business opportunities in Minnesota, however, is not limited to its metropolitan areas. In Minnetonka, for example, numerous corporations from various industries continue to thrive. One notable company is the food processing giant, Cargill Inc., which today holds the distinction as the largest privately held corporation in the country in terms of revenue.

With the state’s economy shifting into high gear, rural counties are now also recovering from the last recession. News reports note that nine Minnesota counties—Clay, Jackson, Marshall, Pennington, Polk, Pope, Stevens, and Wilkin—are rapidly progressing in terms of economic output, median home prices, jobs, and unemployment rates.

With these economic activities, Minnesota is indeed a favorable option for investors. With a strong workforce and a healthy mix of companies, the state has emerged as one of the vigorous communities for businesses.

Steve Liefschultz of Equity Bank is a seasoned real estate investor and banker. Subscribe to this blog for more insights on business and investment.