Inclusiveness is supposed to be this state's North Star. But the state is at the heart of a national reckoning on race.
Economic Profile
Governor: Tim Walz, Democrat
Population: 5,657,342
GDP growth (Q1 2021): 7.5%
Unemployment rate (May 2021): 4%
Top corporate tax rate: 9.8%
Money Report
Top individual income tax rate: 9.85%
Gasoline tax: 30.60 cents/gallon
Bond rating (Moody's/S&P): Aa1, stable/AAA, negative
Major private employers: Mayo Clinic, UnitedHealth Group
Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
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