Many corporations find themselves questioning whether their current location is beneficial to the sustenance of their business. Moving the company to a state with a healthier business climate is not unlike a family moving to a new home. Considerations like cost, location, educational opportunities, and the neighborhood are part of the decision.
While no location is going to be number one in all aspects, there should be a preponderance of attributes favoring the final decision. Minnesota deserves a serious look for anybody thinking about moving the store. Consider the following:
Strategic location. Yes, Minnesota is part of Flyover country. Fact is, however, that we are three hours or less from just about everywhere in the lower 48, and five or so hours from Alaska. If, along with your morning coffee and reading of the WSJ, you find you need to be somewhere, you can get there today. Need to get some heavy product moved quickly? You can get just about anything just about anywhere by truck in about two days.
Cost of Business. According to a CNBC analysis, Minnesota ranks in the middle third of cost of business rankings. This isn't ideal, but consider that it is one of only two categories out of ten in which the state does not excel.
The neighborhood. If your corporation relocates to Minnesota, you'll find more than the average number of good corporate neighbors. Twenty Fortune 500 companies are headquartered in Minnesota, possibly a good source of business for your company. There are only seven other states with more than twenty Fortune 500 companies, and none of them has the same combination of measurable attributes you'll find in Minnesota.
For a large percentage of corporations, there are more reasons to relocate to Minnesota than to stay where you are. Do yourself and your company a favor. Take a look at Minnesota.
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