Minnesota showcases a remarkable economic strength, evident in its exceptional business survival rate. According to the Bureau of Labor Statistics, the state boasts the highest five-year business survival rate in the entire United States. This accomplishment underscores the thriving environment for businesses, particularly small businesses, within Minnesota. The state administration recognizes the importance of fostering entrepreneurship and offers various incentives to support the growth and success of entrepreneurs and start-ups. Incentives such as the angel tax credit, research and development tax credit, and opportunity zones contribute to an attractive business climate, encouraging expansion and relocation to Minnesota. These measures demonstrate the state's commitment to providing opportunities and resources for entrepreneurs, further solidifying Minnesota's reputation as a hub for business innovation and economic prosperity.
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