To learn more about how we outpace the nation in bio-business growth and retain more brainpower than any other metro area, download our Health + Life Sciences brochure.
A hearty and healthy bio-business community.
With over 750 health & life science companies, the highest concentration of medical device jobs in the nation, and the fifth lowest operating cost among life science clusters in the nation, the Greater MSP region is the global epicenter of life science innovation and commercialization.
Investing in Manufacturing Communities Partnership (IMCP Designation)
Greater MSP and the region’s medical device industry were recognized by the federal government as a best-practice example of how communities can leverage sector strengths for the purposes of attracting manufacturing and supply chain investments on a global scale.
- Greater MSP health & life science companies enjoy a lower cost of doing business than most of our peer regions.
- Mature capital-intensive manufacturers enjoy the second-lowest effective tax rate in the nation, according to KPMG and the Tax Foundation.
FDA pre-market approvals over 6 months faster than average.
In addition to an abundant workforce and dynamic life science ecosystem, our region’s experienced workforce and network of major research institutions, established companies, and burgeoning health & life science start-ups means our innovators know how to get products from the lab bench to market. Because of the industry knowledge in the region, Minnesota companies average FDA Pre-Market Approvals over six months faster than average. This provides new products a significant financial boost.
For more info on clearance times, please contact Medical Alley Association.