Minnesota 2020, a state think tank, presented findings suggesting that the Minnesota economy is lagging behind the rest of the country. The findings of the study were presented in Albert Lea, and the data suggests that several Minnesota economic indicators have declined in the five year period from 2002 to 2007. Among the indicators taken into consideration were:
- Employment growth
- Student to teacher ratio in schools
- Road conditions
In fact, Minnesota has fallen to the 39th position among all other states in regards to employment growth. The think tank also noted that a general decline was noted in 3 income and pay measures. However, the state still holds the number one spot for homeownership rates across the United States despite an increase in the number of foreclosures.
As a suggestion, the group suggests raising taxes and attracting more revenue to the state.
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