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Agenda - Economic Development Authority - 06/09/2011
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Agenda - Economic Development Authority - 06/09/2011
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Meetings
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Agenda
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Economic Development Authority
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06/09/2011
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Logistics <br />■ An efficient and ever-growing freight system is essential <br />for Minnesota businesses. The state is home to 21 <br />Fortune 500 companies, including 20 in the metro, <br />and 32 Fortune 1,000 companies, 12 of which are in <br />the metro. <br />■ Prominent companies such as Supervalu, CHS, <br />General Mills, Land O'Lakes, Hormel Foods, Polaris <br />Industries, Target, Nash Finch, Best Buy, Cargill, C.H. <br />Robinson and Toro are headquartered in the state. <br />■ Minnesota is a global competitor that exports to nearly <br />200 countries, ranking ninth for outbound interstate <br />shipments. Two-thirds of all freight tonnage moving in <br />Minnesota crosses the state's borders. <br />■ Minnesota was ranked among the top 12 states for <br />transportation infrastructure by CNBC for 2009. <br />Highways and Trucking <br />■ The Minneapolis -St. Paul metro is considered one of the <br />largest trucking centers in the United States and <br />is a hub for more than 150 motor freight companies <br />that provide overnight and four- to five-day delivery <br />throughout the country. <br />■ Businesses in Minneapolis -St. Paul have quick, efficient <br />access to workers with some of the quickest commute <br />times in the nation — and the fastest commute time <br />for a metro of over 3 million. <br />The Twin Cities are centrally located <br />in North America, making it easy to <br />ship across the continent. <br />"Unassuming yet consistently <br />innovative... ranking first in <br />transportation, Minneapolis <br />features intelligent transportation <br />solutions like highway sensors, <br />electronic surveillance of <br />intersections and ramp meters <br />on 61 percent of its roads and <br />highways. <br />— Popular Science <br />Commuting Times <br />Metropolitan Area <br />Population <br />(2008) <br />Average <br />commuting time <br />to work <br />(minutes) <br />Rank <br />Milwaukee, WI <br />Cincinnati -Middletown, OH -KY -IN <br />Indianapolis, IN <br />1,550,451 <br />2,158,643 <br />1,720,796 <br />22.16 <br />23.75 <br />23.93 <br />5 <br />12 <br />15 <br />Minneapolis -St. Paul - <br />Bloomington, MN -WI <br />3,237,611 I 24.13 1 <br />16 <br />Detroit -Warren -Livonia, MI <br />Chicago -Naperville -Joliet, IL -IN -WI <br />na: not applicable <br />Source: Business First ranking of 52 major markets. <br />4,423,781 26.06 35 <br />9,515,636 31.08 50 <br />Interstate Highway System <br />Ovcr 1,000MW <br />100-1,000MW <br />-100MW <br />r <br />American Wind Energy Association (AWEA) <br />As the headquarters to many prominent companies, <br />Minnesota has tremendous transportation networks. <br />10 <br />
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