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MOMENTUM IS BUILDING
PROSPER:
PROSPER: MOMENTUM IS BUILDING
THE GREATER MSP REGION
Mill
e La
cs
IsantiSherburne
Wright
Hennepin
Carver
Sibley
Le Sueur
Scott DakotaPierce
St. Croix
Washington
Chisago
Anoka
Ramsey
16-COUNTY MSA $248 BILLION
42th LARGESTGLOBAL ECONOMY
IN GMP
3.5 MILLION PEOPLEMORE THAN
PROSPER: MOMENTUM IS BUILDING
LOWEST UNEMPLOYMENT RATE
April 2016 UNEMPLOYMENT RATES
4.4%
3.8%
PROSPER: MOMENTUM IS BUILDING
HIGHEST LABOR FORCE PARTICIPATION RATE
April 2016
70%
63%
THE WORLD’S MOST INNOVATIVE COMPANIES
PROSPER: MOMENTUM IS BUILDING
GREATER MSP HISTORY, VISION AND MISSION VISION The Greater MSP Region is recognized as a globally leading economy where business and people prosper.
REGIONAL ECONOMIC DEVELOPMENT
STRATEGY
JOB RETENTION, EXPANSION, & ATTRACTION
MARKETING, BRANDING, & PROMOTION
MISSION
Accelerate job growth and capital investment in the Greater MSP region.
PROSPER: MOMENTUM IS BUILDING
GREATER MSP BOARD OF DIRECTORS
CHAIR | Richard DavisU.S. Bancorp
IMMEDIATE PAST CHAIR |Tim Welsh, McKinsey & Company
VICE CHAIR | Ken PowellGeneral Mills
VICE CHAIR | Scott Anderson Patterson Companies
TREASURER | Ginny Hubbard MorrisHubbard Radio
SECRETARY | Kate Wolford McKnight Foundation
CEO | Michael LangleyGREATER MSP
Kedrick Adkins | Mayo Clinic
Doug Baker | Ecolab
Andy Bessette | Travelers Companies
Mary Brainerd | HealthPartners
Commissioner Jan Callison | Hennepin County
Carl Casale | CHS, Inc.
Mayor Chris Coleman | City of Saint Paul
Albert J. Colianni | Marquette Companies
Gary Cunningham | Meda
Ben Fowke | Xcel Energy
Jeff Freyer | Comcast
Commissioner Kathleen Gaylord | Dakota County
Todd Hall | Cargill, Inc.
Gary Hendrickson | Valspar
Brad Hewitt | Thrivent Financial
Mayor Betsy Hodges | City of Minneapolis
Eric Jolly | MN Philanthropy Partners
Eric Kaler | University of MN
Mayor Elizabeth Kautz | City of Burnsville
Rick King | Thomson Reuters
Jay Lund | Andersen Corporation
Tim McGough | McGough Construction
David Mortenson | Mortenson Company
Russ Nelson | NTH, Inc.
Ravi Norman | Thor Construction
Laura Oberst | Wells Fargo
Chris Policinski | Land O’Lakes, Inc.
Commissioner Victoria Reinhardt| Ramsey County
Steven Rosenstone | Minnesota State
R.T. Rybak | Minneapolis Foundation
David Saggau | Great River Energy
Todd Senger | BMO Harris Bank
Marianne Short | UnitedHealth Group
Commissioner Rhonda Sivarajah | Anoka County
John Stauch | Pentair
Carol Surface | Medtronic plc
Commissioner Jon Ulrich | Scott County
Charles R. Vig | Shakopee Mdewakanton Sioux Community
Laysha Ward | Target
Kevin Warren | MN Vikings
Commissioner Lisa Weik | Washington County
PROSPER: MOMENTUM IS BUILDING
GREATER MSP GOVERNANCE
InvestorsBoard of Directors
Staff
Partner Advisory Council Economic development practitioners
Executive Committee
TELL OUR STORY
PRIORITIZE TALENT
BUILD GLOBAL SECTORS
200+ partner
organizations
Water
Technology
Summit
STRATEGIC INITIATIVES
PROSPER: MOMENTUM IS BUILDING
REGIONAL SECTORS OF STRENGTH
• BIO TECH
• HEALTHCARE PROVIDERS
• HEALTHCARE PAYERS AND IT
• MEDICAL DEVICES
• R&D CENTERS
• SOFTWARE/ IT
• ADVANCED MANUFACTURING
• ENERGY/RENEWABLES
• FINANCIAL ADVISORY
• BANKING
• INSURANCE
• CORPORATE HEADQUARTERS
• CREATIVE SERVICES
• PROFESSIONAL SERVICES
• DATA CENTERS
• FOOD PROCESSORS
• FOOD PRODUCTION
• AGRIBUSINESS
• NUTRITION
• WATER FILTRATION
• WATER PURIFICATION
FINANCIAL SERVICES
ADVANCED MANUFACTURING & TECHNOLOGY
HEALTH & LIFE SCIENCES
HEADQUARTERS & BUSINESS SERVICES
FOOD & WATER SOLUTIONS
2011 2014 2015 2016
REGIONAL PRODUCT IMPROVEMENT
BUSINESS
RETENTION &
EXPANSION
TRADE &
INVESTMENT
INITIATIVE
REGIONAL
COMPETITIVENESS
WORKING GROUP
2017
REGIONAL AIR
SERVICES
PARTNERSHIP
48 Market Trips in 2016
PROSPER: MOMENTUM IS BUILDING
OUR REGION’S STORY
The Greater Minneapolis Saint Paul region will lead the world in solving its most important challenges for the future.
Safe and abundant food, clean water, and health solutions will drive the global economy in coming years.
The Greater MSP region is the leader in these technologies and industries, and has the R & D, financial and business services infrastructure to support them.
Our highly educated and culturally connected workforce will create that business success. Our quality of life and social collaboration will sustain that success.
Businesses prosper here. People prosper here.
THE DASHBOARD2015 -2017
Greatermsp.org/regional-indicators
Greatermsp.org/regional-indicators
THE DASHBOARD
PEER RANKING
Top
Pe
ers
Mo
re
Dis
tan
t
2017
Peer regions were selected based on demographic and economic characteristics, location, evidence of competition with MSP for business or talent, and positive economic trajectory
San Francisco, CA 4.63
Seattle, WA 5.00
Boston, MA 5.03
Minneapolis-St Paul 5.13
Austin, TX 6.11
Denver, CO 6.11
Portland, OR 6.22
Dallas, TX 6.86
Chicago, IL 7.03
Atlanta, GA 7.61
Pittsburgh, PA 8.55
Phoenix, AZ 8.95
Clo
se
Riv
als
Avg Ranking*
* The average ranking score compared to all 12 measured markets across all metrics. A lower score is better.
REGIONAL COMPETITIVENESS WORKING GROUP2016
MAKE IT. MSP. TALENT INITIATIVE
www.makeitmsp.org
Estimated gap in workers by 2020:
114,000A collaboration of over 100 private,
public, institutional and philanthropic partners to address this gap
PROSPER: MOMENTUM IS BUILDING
OUR REGION’S VALUE
PROPOSITIONMSP is where workers enjoy
a diverse career, and with
their families enjoy an
outstanding quality of life,
at a cost-of-living they can
afford.
www.makeitmsp.org
MAKE IT. MSP. TALENT INITIATIVE
PROSPER: MOMENTUM IS BUILDING
PROSPER: MOMENTUM IS BUILDING
GREATER MSP EXPORT INITIATIVE
• Started in 2011 with support from Brookings Institution
• Initial progress made and strategies outlined• Unify export resources• Define and target efforts• Engage with local industry clusters• Market the region internally and externally
• Funding by JPMorgan Chase Foundation to continue work
PROSPER: MOMENTUM IS BUILDING
CURRENT EFFORTS
• Increase collaboration
o Joint strategy
o Referrals
• Market benefits & resources
o Collateral / Web portal
o Success stories
o Events
www.greatermsp.org/exports
A collaborative project to accelerate job creation and capital investment in the Center Cities to build and sustain shared prosperity.
• Create more jobs in Minneapolis & Saint Paul for residents of all skill-levels
• Increase investment in – and the development potential of – our center cities, especially in target areas of high-market potential & concentrated poverty• Build the Brand• BR&E• Create market-ready sites• Close more deals
4.0
2.0
3.0
2012 2015
2.3
3.0
3.4
2012 2015
3.0
RESULTS: IMPROVED PERCEPTIONSImproved perceptions among site selectors and C-suite executives
How likely are you to consider MSP for future projects?(1=Not Likely, 5=Very Likely)
What is your perception of the business climate in MSP?(1=Very Bad, 5=Very Good)
Source: DCI Perception Study, 2012, 2015
PROSPER: MOMENTUM IS BUILDING
GREATER MSP 2012-2016 IMPACT
25,198 Direct Jobs
41,505 Indirect Jobs
$688.4M Investment
(2016)
$3.2 Billion Capital Investment
(2012-2016)
