Minnesota’s economy and the future of global trade
17 Apr 2025
News
Dear Minnesota business leaders,
Trade is a fundamental driver of Minnesota’s economy. Our state has a long history of developing innovative products and bringing them to markets around the world. In 2024, Minnesota’s exports topped $30 billion — accounting for more than 6% of the state’s GDP and supporting an estimated 750,000 jobs. Minnesota companies also depend on access to global supply chains, particularly for critical inputs that aren’t easily grown, extracted or produced domestically.
As Minnesota navigates a changing global economy, we need to do two things at once:
- First, celebrate and seek to advance fair trade strategies that strengthen our global relationships — especially with North American partners — which are essential to the state’s economic performance.
- Second, position Minnesota to compete in a new era of heightened domestic investment in manufacturing, energy and natural resources.
More Topics
In today’s environment, businesses may find significant advantages in establishing operations within business and industrial parks. There are numerous reasons as to why businesses locate within such facilities. Operating at a site that caters to their needs, companies can perform at their best and provide top-of-the-line products and services.Business and...
Minnesota employers added 10,700 jobs in March, the largest monthly gain in a year, and the labor force continued its pattern of growth, according to data released today by the Department of Employment and Economic Development (DEED).Minnesota's overall job growth last month (0.4%) was four times faster than the national...
The food processing industry has seen significant advancements driven by several different factors. These factors include technology innovations, sustainability efforts, and improved efficiency and automation.Technology advancements have played an important role in shaping the current food processing landscape. One of the most significant developments in the industry has been the...
