14 Core Economic Indicators National Ranking
Economic Scale & Vitality National Ranking
Innovation & Enterprise National Ranking
Human & Capital Living National Ranking
Structural & Policy National Ranking
STATE PERFORMANCE GAUGE CHARTS
US STATES ECONOMIC & INNOVATION COMPETITIVENESS
An executive-grade benchmarking index developed by theboardiQ LLC to evaluate and rank the macroeconomic strength, innovation capacity, and structural competitiveness of 50 States in the United States.
Designed for corporate board directors, institutional investors, and policymakers, the index synthesizes raw macroeconomic and institutional data into a standardized 0–100 Composite Score across 4 Strategic Macro Pillars and 14 Underlying Sub-Metrics.
The Executive Dashboard incorporates a boardroom governance matrix mapping strategic mandates, benchmark metrics, director compensation, and critical oversight inquiries across 9 Board Roles/Industry Lens
COMPETITIVENESS SWOT
Minnesota
Strengths
• Ranked #7 overall nationally; highly diversified economy spanning healthcare, medical tech, and ag-tech• Top-tier labor force participation (#2; 67.0%) and high educational attainment (#8)• Strong corporate presence (18 Fortune 500 HQs) and high quality-of-life indicators
Weaknesses
• High overall state tax burden (#44) and rigorous corporate tax climate• Severe winter climate conditions impacting seasonal economic activities• Acute labor shortages across rural agricultural and healthcare sectors
Opportunities
• Medical device innovation (Medical Alley cluster), health-tech, and digital health• Sustainable agriculture, clean energy technology, and green chemistry• International trade corridor integration and logistics tech
Threats
• Intense competition for technical and executive talent from low-tax states• Changing federal healthcare policies impacting medical tech reimbursement• Structural labor force constraints due to demographically aging workforce
METRICS DEEPDIVE
Economic Scale & Vitality
GDP
Trade
Trade Overall Rank | Trade Surplus / Deficit | Exports in Millions USD | Total US Overall Exports 2026 YTD | Export % |
|---|---|---|---|---|
33 | -$9,378 | $16,759 | $1,639,475 | 1.02% |
Imports in Millions USD | Total US Overall Imports 2026 YTD | Import % |
|---|---|---|
$26,137 | $2,415,187 | 1.08% |