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$1.1 Billion Aerospace Complex, Nation’s Most Advanced Aerospace Testing Facility, Anchors Minnesota’s Strategy to Build the Next Economy

St. Paul-based North Wind is investing $1.1 billion to build a new, state-of-the-art aerospace and hypersonic research and testing complex in Rosemount—the nation’s most advanced aerospace research and development testing facility.
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GREATER MSP Partnership Releases 2025 Regional Indicators Dashboard, Calling for Bold Action to Accelerate Growth

The Dashboard shows that the region is strong in many areas, including economic inclusion, but lags in growth and innovation.
Visit the Dashboard
Kevin Sullivan Films

Philips R&D and Manufacturing Expansion Advances Minnesota MedTech Leadership

Philips’ growth in Plymouth is part of a broader trend reinforcing Minnesota’s position at the forefront of the global medical technology landscape.
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NLC Health Venture and Minnesota MedTech 3.0 partner to connect European medtech startups to Minnesota

Minnesota MedTech 3.0, the U.S. Tech Hub for medical technology, has formed a strategic partnership with NLC Health Ventures, a world-leading venture builder in health and medtech, based in the Netherlands.
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The Work of the Partnership

MSP Economic Analysis

2.0%
ANNUAL GROSS REGIONAL PRODUCT GROWTH
$1.47B
ANNUAL AMOUNT OF VENTURE CAPITAL
+7814
NET MIGRATION OF 25-34 YEAR OLDS

Key Industries

“Mobility across industries – and the cross-pollination of skills – is pronounced in the Greater MSP Region. Economic opportunities bring people here, and quality of life keeps them here”

Health & Life Sciences

At the epicenter of Medical Alley®, where health innovation and care converge, Greater MSP is home to industry leaders in health insurance, digital health and medical device manufacturing.

Food & Water

Greater MSP is home to five of the world’s 30 largest food companies and boasts the third-largest combined food science and biomedical engineering workforce in the U.S.

Headquarters & Business Services

With more Fortune 500 companies, per capita, than any other major metro, Greater MSP boasts a high concentration of headquarters and professional services jobs.

Financial Services & Insurance

With hundreds of banking, insurance, and financial investment companies, Greater MSP’s Finance and Insurance sector is more concentrated than Boston, Atlanta, or San Francisco.

Advanced Manufacturing & Technology

Greater MSP’s manufacturing industry is 20 percent more concentrated than the U.S. average, ranking in the top 10 for large metro areas.

Investors in Action