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Minneapolis Saint Paul Regional Economic Development Partnership. Welcome to Greater MSP. Greater Minneapolis Saint Paul: Life Science Market. Mission. Accelerate job growth and capital investment in the Greater MSP Region. WE WILL BE RECOGNIZED as a globally leading economy

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Presentation Transcript
mission
Mission

Accelerate job growth andcapital investment in the Greater MSP Region

slide6

WE WILL BE RECOGNIZED as a globally leading economy

where business and people prosper.

GREATER MSP will accelerate job growth and capital investment in the Greater MSP Region by:

LEADING regional economic strategy development

BRANDING AND MARKETING our region

SERVING business clients as the region’s “one-stop shop”

slide7

13 county MSA

$200 billion in GMP

44th largest global economy

More than 3 million residents

THE GREATER MSP REGION

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greater msp services include
GREATER MSP Services Include

SITE SELECTION ASSISTANCE

  • Detailed community and real estate analysis
  • Workforce and infrastructure assessment
  • Coordination of information for real estate teams
  • Site and building location selection

COORDINATION OF SERVICES AND PERMITS WITH:

  • City planning and development teams
  • County planning agencies

DEVELOPMENT AND COORDINATION OF INCENTIVE PACKAGES INCLUDING:

  • State of MN incentives
  • Capital asset funding
  • Utility-based programs
  • State agencies
  • Utilities
  • Utility-based programs
  • Workforce training
  • Local tax abatement and tax increment financing
greater msp services include1
GREATER MSP Services Include

TECHNOLOGY COMMERCIALIZATION PARTNERSHIPS

The University of Minnesota has teams specializing in research and licensing agreements for medical devices, diagnostics, biologics, sterilization processes, and materials engineering – the full breadth of potential dental tools and products. The Medical Device Opportunity Licensing Program was designed to make it quick, easy and affordable for design and development companies to license medical and dental device technologies at the idea or proof-of-concept stage.

The Office for Technology Commercialization has had unmatched success in helping ideas prosper. In 2012, the office had 115 patent filings, 71 new licenses, 321 disclosures and 12 University-affiliated start ups.

ALL THE RESOURCES TO BRING YOUR PRODUCTS TO THE U.S.

LifeScience Alley (LSA), the nation’s largest state-based life science trade association, has a 26-year track record of enabling biobusinesses succeed. It is a critical resource to help companies navigate the government approval process and bring their products to the market faster.

The U.S. Medical Device Innovation Consortium (MDIC) is a joint venture between LSA and the FDA’s Center for Devices and Radiological Health. The MDIC is the only public-private partnership created with the sole objective of advancing medical device regulatory science.

regional areas of strength
Regional Areas of Strength
  • Financial advisory
  • Banking
  • Insurance
  • Bio tech
  • Healthcare Providers
  • Healthcare Payers and IT
  • Medical devices

Financial Services

& Insurance

Health &Life Sciences

  • R&D centers
  • Software/ IT
  • Advanced manufacturing
  • Energy/renewables
  • Corporate headquarters
  • Creative services
  • Professional services
  • Data centers

Innovation & Technology

Headquarters & Business Services

  • Agrichemicals
  • Seed production
  • Food Processors
  • Food Production

Food & Agribusiness

12

Innovation and technology

Insurance

Financial services

Insurance

2012 performance
2012 Performance

31

Projects

5,218

Jobs

$453M

Capital investment

jobs by c ompany type
Jobs by Company Type
  • 8 health and life science projects include:
  • Corporate headquarters
  • Offices
  • Research and development facilities for medical devices
  • Data centers for health systems
  • Distribution center for pharmaceutical products

1,261 Jobs

24%

Health &

Life Sciences

average salary above average
Average Salary “Above Average”

37% difference

Average Salary in Region

334,900 SEK

Average Salary on Completed Life Science Projects

459,860 SEK

Source: Occupational Employment and Wages, Q3 2012

top 10 reasons for doing business in greater msp
Top 10 Reasons for doing business in Greater MSP

1. A robust, diverse economy.

2. A highly educated, productive workforce.

3. A legacy of business innovation.

4. A growing population and labor force.

5. Easy access to regional, national and global markets.

6. Central time zone.

7. Reliable, affordable utilities.

8. Easy to do business.

9. Exceptional quality of life.

10. A hot market for small businesses.

swedish influences in greater msp

Swedish Influences in Greater MSP

A Scandinavian Heritage & Outlook

population demographics
Population & Demographics

Swedish American, 2000 Census

Over 32% of Minnesotans are Scandinavian American.

In the U.S., Minnesota has the second highest concentration of residents who speak Scandinavian languages in their home.

Both Minnesota and Greater MSP are home to the largest number of Swedish Americans in the nation.

american swedish institute
American Swedish Institute

The American Swedish Institute (ASI), headquartered in Minneapolis, is a vibrant museum and cultural center. The organization is dedicated to the preservation and study of the historic role Sweden and Americans of Swedish heritage have played in US culture and history.

The historic Turnblad Mansion first became home to the organization in 1929. The new Nelson Cultural Center addition opened in June 2012 and added a welcoming reception area, café, gallery, event center, studio craft classroom, terrace, courtyard, and new Museum Shop space.

The Nelson Cultural Center consists of traditional Swedish aesthetics while prioritizing the use of sustainable technologies. Architectural elements emphasize natural wood, glass, stone and textiles; an open and welcoming layout; and handcrafted detailing.

culinary tradition new nordic cuisine
Culinary Tradition: New Nordic Cuisine

“The Bachelor Farmer, a modern — even chic — restaurant, opened in Minneapolis last year and playfully blends Scandinavian design and tradition with a handcrafted food ethos and the friendly unpretentiousness of the American Midwest.

“A glossy new wing of the American Swedish Institute opened in July, with a cafe called Fika that serves top-quality Swedish treats like a smorgas (open sandwich) made from local ingredients, bakes its own sourdough rye bread daily and serves powerful coffee with kladdkaka (sticky chocolate cake) and thumbprint cookies, crusted with chopped almonds and filled with gooseberry, lingonberry or raspberry jam.

“This Scandinavian surge is intersecting with the most avant-garde movement in food today: New Nordic cuisine, based on cold-weather crops, traditional foodways and naturalistic presentations… The most trendy ingredients for chefs to work with now include pre-industrial Nordic staples: root vegetables, fish roe, wild greens, venison, dried mushrooms, seaweed and cow’s milk.”

biking recreation
Biking & Recreation
  • The Greater MSP region leads the country in health and fitness
    • Named the most physically active metro by the Centers for Disease Control and Prevention
  • The region leads the country in land dedicated to parks,
    • 1,788 lakes
    • Nine state parks and numerous city parks
  • Bicycling Magazine has named Greater MSP the #1 bicycling market in the country.
industry strengths
Industry Strengths

Source: Busimess-Sweden.se

Source: Statistics Sweden

testimonials
Testimonials

"Many companies in Sweden are small and afraid to do business in the U.S. This business climate is more familiar in Minnesota than Texas and Colorado and anywhere in the United States. We heard a number that 35 percent of people in Minnesota are related to Scandinavian people. We feel a little bit like home when we go to Minnesota." 

-Bengt-Erik Lofgren

CEO of AFAB, a bioenergy consulting firm in Sweden

invest grow and prosper here
Invest, Grow, and Prosper Here

Tack!

Jeffrey Rainey

Project Manager, Business Investment

400 Robert Street North, Suite 1520

Saint Paul, MN  55101

jeffrey.rainey@greatermsp.org

Direct: +1 651-287-5808 | Mobile: +1 651-261-7495