Fostering a positive business climate to support entrepreneurship and business growth through a more favorable tax environment, coordinated strategies to encourage businesses to expand and locate in Minnesota, and promoting Minnesota as a desirable place to live, work, learn and do business. Building an enduring leadership coalition to guide the strategy's implementation and future economic development. In the interim, the Working Group has agreed to help identify and advocate for the recommendations set forth. In addition to calling for innovative private-public sector partnerships, the Working Group's plan provides broad support for legislative initiatives such as funding support for rural telecommunications and technology commercialization. Overall, the Working Group expects recommendations requiring public support will be done mostly through reallocation and realignment of existing funding.
Several recommendations require private or non-profit sector action.
It's about having a research institution that's ranked in the top 5 in the country, especially in leading science and technology fields. It's about embracing geographic and workforce diversity as critical to Minnesota's success. And, it's about leadership and collaboration between industry, labor, education, government, and nonprofits with a specific goal of sustaining and building Minnesota's economic vitality. In his charge to the group, President Mark Yudof asked members to consider ideas presented at September's summit as well as proposals advanced by citizen groups and policymakers as a starting point. We asked this group to find those areas of common interest that would move the entire state forward economically.