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Why is Minneapolis growing almost five times faster than Chicago?

Posted by GREATER MSP on Tuesday, May 12, 2015

 

This report from the Metropolitan Planning Council in Chicago offers these takeaways:

 

After analyzing a host of indicators and trends, the key difference is that Minneapolis has maintained a strong economy, far outpacing Chicago and other cities throughout the nation, even during the recession.

 

For starters, 33 of the nation’s largest 1,000 firms are located in Minneapolis. Thirty-three! While 62 of these firms are located in Chicago, Chicago is a city eight times Minneapolis’ size.

 

The Metropolitan Planning Council report goes on to say that Minneapolis has the highest percent of workforce population employed in the country and boasts a higher GDP per-capita than Chicago, producing almost $2,000 more for every resident.

 

Please click here for the full Metropolitan Planning Council story.

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