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.
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.
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