Minnesota

 

 

 

 

The main industries in Minnesota are agriculture, manufacturing, scientific instrumentation, and metal production

AGRICULTURE

Agribusiness is Minnesota's largest basic industry, with about one-fourth of the state's labor force employed in agriculture or agriculture-related industries, most notably food processing

The livestock industry contributes more than $10 billion annually to the state’s economy, and directly and indirectly employs nearly 100,000 Minnesotans. That’s more than the direct employment of Northwest Airlines, 3M and Medtronic combined. The main farming areas are in southern Minnesota, where corn, soybeans, and oats are important, and in the Red River Valley along the western border, where wheat, barley, sugar beets, and potatoes are among the chief crops. The state is also a leader in the production of creamery butter, dry milk, cheese, and sweet corn.

LOGISTICS/TRANSPORTATION

Access to the Great Lakes, the St. Lawrence Seaway, and the Atlantic Ocean, as well as to the Mississippi River and the Gulf of Mexico, helps make Minnesota a major marketing and distribution center for the upper Midwest.

LIFE SCIENCES

Minnesota ranked 14th among states in biotech growth leadership. There are 585 FDA approved medical device establishments currently in Minnesota. - Minnesota companies and research institutions have been first in developing many important medical devices such as Implantable cardiac pacemaker, artificial heart valves., Implantable drug transfusion pump, anesthesia monitor, blood pumps, artificial urinary sphincter, in-the-ear hearing aid, wireless cardiac monitoring system. Some of the US leading companies are operating here: Medtronic, 3M, Boston Scientific Scimed, St. Jude Medical, Patterson Companies, American Medical Systems, Mayo Clinic, Amplifon USA, MGI Pharma, and others

 

R&D

 

According to Business Facilities Minnesota’s companies invested $4.5 billion in research and development in 2005, ranking 13th nationwide, according to the U.S. Sourcebook of R&D Spenders. 3M and Medtronic spent more than $1.1billion each, ranking 26th and 27th among more than 2,500 U.S. companies.

 

MANUFACTURING/INDUSTRIAL

 

The Top 10 export groups in Minnesota for 2006 were machinery, optic equip./medical instr, electrical machinery, vehicles(not railway), plastics, pharma, aircraft animal feed, paper, iron/steel products.

 

Minnesota is one of the nation's largest producers of iron ore. Methods developed to use lower-grade ores such as taconite have kept production up in spite of the depletion of once rich high-grade deposits. Granite (from St. Cloud) and sand and gravel production are also among the largest in the country.

 

Computer and electronic products industry was Minnesota’s largest exporting industry and exports grew to $4.4 billion in 2006. These exports accounted for about 29 percent of the state’s exports. Machinery was the 2nd largest export industry, accounting for 17% percent of state's exports.  Transportation equipment is the fourth-largest manufactured export industry accounting for 12% of the state's exports

 

 

http://www.deed.state.mn.us/facts/PDFs/BioTechFctsht.pdf

ww.exportminnesota.com

http://www.infoplease.com/ce6/us/A0859664.html

 

 

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