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Minneapolis, Minnesota

America's Best PlacesWhen most people think of Minneapolis, they think of its twin city, St. Paul, as well. However, we decided to focus on just Minneapolis as a best place to live and work. This city has plenty to offer professionals in a variety of different industries, including computer manufacturing, electronics, medical instruments, milling, machine manufacturing, food processing, graphic arts and publishing. There are many Fortune 500 firms located here, and some of the world's largest private businesses have also set up shop in Minneapolis.

The metro area has a strong and diversified economy that has contributed significantly to the development of the area. The region has one of the largest concentrations of high-technology companies in the country - more than 1,300 firms. The University of Minnesota and other academic institutions provide highly skilled engineers and scientists, as well as applied research, to high-tech firms.

One of the most impressive aspects of this city is its dedication to education. The University of Minnesota, one of the largest universities in the country, is a major research institution, with fields of study that number in the hundreds. About a dozen Nobel Prizes have been awarded to former students and faculty in areas such as physics, medicine, chemistry, economics and peace.

There is never a dull moment in Minneapolis. Residents can enjoy one of the many museums or art galleries, or spend an evening at the theater. Outdoor lovers can enjoy many recreational activities, and sports fans can enjoy a baseball, football or hockey game. However, probably the most well-known attraction here is the Mall of America. It is the country's largest shopping and entertainment complex, offering activities for residents and visitors alike. These are just some of the reasons Minneapolis has been chosen as a great place to live and work.

KEY EMPLOYERS: Target; United HealthCare Corporation; SuperValu, Inc.; 3M Company; Best Buy Company, Inc.; Xcel Energy; Northwest Airlines, Inc.; U.S. Bancorp; The Saint Paul Company; Cenex Harvest States; General Mills, Inc.; Medtronic; Nash Finch Company; Hormel Foods; ADC Telecom; Lutheran Brotherhood; Northern States Power Company; International Multifoods Corp.; University of Minnesota; United Parcel Service; State of Minnesota; Fairview University Medical Center

 

 
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Population
3 million

Cost of
Living Index
108.7

Housing Costs
Average home price is $142,983.

Taxes
State individual income tax ranges from 5.35 percent to 7.85 percent of federal taxable income.

Unemployment Rate
4.6 percent

Projected Job Growth to 2008
17 percent

Education
With 47,000 students, Minneapolis Public Schools is the largest school district in the state. There are also various charter schools, magnet and specialty schools and private schools. Higher education is represented by the main campus of the University of Minnesota, as well as Augsburg College, Minneapolis College of Art and Design, and Minneapolis Community and Technical College.

Healthcare
Minneapolis is home to seven hospitals and the University of Minnesota Hospital, a nationally known medical center.

The Arts
The Guthrie Theater, Children's Theatre Company, State Theatre, Orpheum Theatre, Ordway Music Theatre, Minnesota Orchestra, Minneapolis Institute of Arts, Walker Art Center, Children's Museum, The James Ford Bell Museum of Natural History, Science Museum of Minnesota, The Minnesota Planetarium, Historic Fort Snelling

Recreation
Minnesota Zoo, swimming, fishing, boating, parks, hiking, snowboarding, skiing, hunting, camping, Minnesota Twins, Minnesota Vikings, Minnesota Timberwolves

Contact

Minneapolis Regional Chamber of Commerce at (612) 370-9100; www.minneapolis
chamber.org

 

 


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