Mankato, MINN (August 12, 2013) – Each year Forbes releases its list of “Best Small Places for Business and Careers,” among all Metropolitan Statistical Areas (MSAs) in the nation with populations less than 250,000. For 2013, the Mankato-North Mankato MSA, ranked 10th in the nation on the list, moving up from 11th in 2012 and 25th in 2011. The Mankato-North Mankato MSA includes all of Blue Earth and Nicollet counties.
“Greater Mankato has a unique combination of assets that provide an environment where both businesses and employees can experience success, and ranking in the top 10 in the country is a strong testament to such,” said Greater Mankato Growth President & CEO Jonathan Zierdt.
In compiling the list, Forbes considered 12 metrics relating to job growth (past and projected), costs (business and living), income growth over the past five years, educational attainment (college and high school) and projected economic growth through 2014. They also factor in net migration patterns, cultural and recreational opportunities and the number of highly ranked colleges in an area. Forbes gives the most weighting to business costs and educational attainment in the overall ranking.
Other Minnesota MSAs on the “Best Small Places for Business and Careers” list were Rochester at 35th and St. Could at 55th. Forbes also released a list of “Best Places for Business and Careers” for MSAs with populations of 250,000 or greater. On this list Minneapolis-St. Paul ranked 23rd and Duluth ranked 115th.
For more information on the Forbes “Best Small Places for Business and Careers” ranking, visit forbes.com/best-places-for-business/list/small/ and the Mankato-North Mankato MSA’s specific ranking information, visit forbes.com/places/mn/mankato/.
Contact: Shelly Megaw, (507) 381.0404, firstname.lastname@example.org.
About Greater Mankato Growth
Greater Mankato Growth (GMG) is committed to advancing business for a stronger community. As the Chamber of Commerce and Economic Development organization serving the regional marketplace, GMG advances business through: existing business support, new business growth, business promotion, talent development, public affairs, community marketing, visitor attraction and servicing and civic engagement. Greater Mankato Growth, Inc. also includes two LLCs: Visit Mankato, which focuses on visitor attraction and servicing, and the City Center Partnership, LLC, which focuses on development in the City Center.
About the Regional Economic Development Alliance
In 2009, the Regional Economic Development Alliance (REDA) began with a progressive group of communities and counties joining together with Greater Mankato Growth in business attraction and development efforts. REDA participants include Eagle Lake, Lake Crystal, Le Sueur, Madison Lake, Mankato, Saint Peter and Blue Earth County. By working together, the group is able to efficiently provide regional and individual city and county information to businesses interested in the Greater Mankato marketplace. As a result of promoting the individual strengths of each community, along with the combined assets of the regional marketplace, all experience collective success.