Minnesota Business Underperformed National Market For The Second Straight Year

The Piper Jaffray Minnesota index, a measure of about 50 large Minnesota-based companies and a few others with large operations here, fell about 10 percent.

Piper Jaffray Trading Floor via Glassdoor

2018 was a tough year for American businesses that are measured by major stock indexes. Minnesota business fared significantly even worse.

Piper Jaffray keeps a Minnesota index which measured about 50 large Minnesota based companies, and a few companies with large operations in Minnesota.

Evan Ramstad at the Star Tribune reports that while national stock indexes declined 4-8 percent, the Minnesota companies fell about 10 percent.

This is especially shocking since one of Minnesota largest companies United Health Group rose 11 percent.

Minnesota Business Partnership recently released a report that illustrated concerns about the stability of job creators in Minnesota.

One of the concerns is that Minnesota has seen the consistent loss of people moving out of the state. They highlight that Minnesota has one of the worst business tax climates in the country and has the highest individual tax rate compared to its peers.

Job creators now have to face the possibility of higher cost operation due to the recent Democrat proposals to expand government in Minnesota. 

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