Minnesota Makes the List…But Not a Good One (Rep. Michele Bachmann)
Friday, October 10th, 2008The non-partisan Tax Foundation released their 2009 State Business Tax Climate Index earlier this week, and Minnesota was in the spotlight. Minnesota made the list of the ten WORST states for businesses, coming in at 41 - not exactly the place we want to be in today’s already sluggish economy.
The foundation notes, “The modern market is characterized by mobile capital and labor. Therefore, companies will locate where they have the greatest competitive advantage. States with the best tax systems will be the most competitive in attracting new businesses and most effective at generating economic and employment growth.”
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