The quality of the workforce in the North Star State, including their education level and loyalty, draws in franchises.
One thing franchise owners and entrepreneurs in Minnesota are thankful for is the quality of the workforce.
Minnesota has the sixth lowest unemployment rate in the country, and forty-eight percent of residents age twenty-five and older have an associate degree or higher college credentials, placing them second in the U.S. for highly educated individuals. The people of Minnesota keep connected to one another and tend to stay in their jobs for longer periods of time than in other parts of the country too, which is great news for small business owners because it means minimal attrition and employee turnover. Their loyalty and reliability are part of the reason why Minnesota has more than fifteen Fortune 500 companies per capita than any other state. The state capita GDP is also higher than almost eighty percent of the U.S., thanks in part to the major companies such as Target and Best Buy that reside within its borders.