Minnesota Market Facts
The Minnesota Franchise Market
Franchise Opportunities in Minnesota
Minneapolis-St. Paul Metro Business Landscape
The Minnesota franchise market, which centers around the Minneapolis-St. Paul metro area, is teeming with opportunity. The MSP metro and state alike carries a below average rate of unemployment and is home to a wide array of industries, enterprises, and small businesses. From Minneapolis proper and the west side, to St. Paul and the eastern suburbs, the Minnesota market is rich with real estate, talent, and even home to many existing franchises businesses.
The Twin Cities is one of the fastest growing areas in the country. It's considered an extremely desirable place to live, safe, and a great place to raise a family. In addition, it has one of the highest concentrations of entrepreneur owned businesses in the country and supports a relatively low cost of living.
With the recent adoption of Minneapolis 2040, in which the city has adopted a comprehensive quality of life improvement plan to bolster the economy of Minneapolis, it's a new business owners paradise in the coming years with goals such as completing
neighborhoods with local businesses, a clean
environment and a healthy and diverse economy. There has never been a better time to start a business in Minnesota.
Minnesota is also known for it's highly educated and skilled workforce with over 80 colleges and universities in the state, most of which are within a 50 mile radius to the MSP metro area.
FranNet’s Minnesota's local franchise consultants know this market and are ready to help your business thrive. Talk to a FranNet Minnesota consultant today
to discover which business is right for you.
3,999,5651
Population
$76,856
Median Household Income
37 years
Median Age
1,376,557
Number of Households
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