Minnesota CoC: State Falling Behind Economically

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The Minnesota Chamber of Commerce is sounding the alarm over the state’s economy. In its 2026 Business Benchmarks Report subtitled “An Economic Imperative for Growth”, the CoC states that Minnesota’s economy is “no longer keeping pace with the rest of the nation” and cites below average per capita GDP and labor force growth, an aging population, and negative net domestic migration as the principal causes. It also refers to the state’s regulatory and tax structures as burdensome. While the report doesn’t identify any specific policy prescriptions, it does a fairly thorough job of identifying what the CoC sees as the opportunities and threats for the state’s economy. 


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